Taxes
The taxes you withhold from your employees’ paychecks need to be deposited to the appropriate tax authorities according to your deposit schedule. These applicable taxes are listed under Taxes and Forms > Taxes.
Within this section, you’ll find details such as the tax name, deposit period, amount due, and the due date for each tax.
View Tax Details
To view the details of a particular tax:
- Navigate to Taxes under Taxes and Forms on the left sidebar.
- Click View Details next to the tax you want to examine. A detailed slider will appear, showing the following information for that particular tax:
Tax Details | Description |
---|---|
Deposit Period | The duration for which the tax liability is calculated. |
Total Tax Amount | The total amount that you are liable to pay for the tax type during the specified deposit period. |
Due Date | The deadline by which the tax amount must be paid to the corresponding tax authority. |
Tax Breakdown | A section that provides a breakdown of the tax liability for each pay period within the deposit period. |
Tax Types
Each time you process payroll, Zoho Payroll will generate and list all the applicable taxes in the Taxes module. Some common types of taxes include:
- Federal Income Tax
- Federal Unemployment Tax
- Medicare Tax
- Employer Medicare Tax
- Federal Insurance Contributions Act (FICA)
- Employer FICA Tax
- State Unemployment Tax
- Other Applicable Taxes
Deposit Status of Taxes
Below are the different statuses that a tax deposit can have:
Deposit Status | Description |
---|---|
Pending | The tax amount is yet to be paid to Zoho Payroll by the employer. |
Funded | The tax amount has been paid to Zoho Payroll by the employer. |
Deposited | The tax amount has been successfully paid to the appropriate tax authority by Zoho Payroll on behalf of the employer. |
Failed | The tax payment did not go through due to issues such as incorrect tax details, insufficient funds in the employer’s bank account, etc. If this status appears, contact support.usa@zohopayroll.com immediately to resolve the issue and avoid penalties or legal consequences. |