News Flash – How will Christmas Day (Saturday, December 25, 2010) affect my payroll tax payments and direct deposit in QuickBooks Payroll
If your normal paycheck date is on 12/25/2010, you should:
- Change your paycheck date for your direct deposit employees to Friday, 12/24/10.
- Send your payroll by 5 PM Pacific Time on Wednesday, 12/22/10.
If your paycheck date is immediately before or after Christmas Day, consult the table that follows to find out when to send your payroll and when your account will be debited.
|If you date your paychecks for…||Send payroll by 5:00 PM Pacific Time on…||Your account will be debited on*…||Employees get paid on (Direct Deposit only)…|
|Friday, 12/24||Wednesday, 12/22||Thursday, 12/23||Friday 12/24|
|Saturday, 12/25||(see message above)|
|Monday, 12/27||Thursday, 12/23||Friday, 12/24||Monday, 12/27|
|Tuesday, 12/28||Friday, 12/24||Monday, 12/27||Tuesday, 12/28|
|Wednesday, 12/29||Monday, 12/27||Tuesday, 12/28||Wednesday, 12/29|
*Accounts are typically debited before regular banking hours, so you should make sure you have funds in your account to cover the payroll onthe day before the actual debit occurs.
This article is provided for informational purposes and is not intended to be construed as legal, accounting, or other professional advice. For further information, please consult appropriate professional advice from your attorney and certified public accountant.