TaxBandits Is Now Accepting Forms 940, 943, 944 & 945 For The 2023 Tax Year
ROCK HILL, SC / ACCESSWIRE / December 12, 2023 / TaxBandits, a leading provider of payroll and employment tax e-filing, is thrilled to announce that they are now accepting annual 94x Forms for the upcoming tax year, 2023. Businesses, tax preparers, and service providers can take advantage of this early opportunity to start filing their tax forms efficiently.
Now in addition to filing their 1099, 1095, and W-2 Forms, clients can get ahead on filing forms in the 94x Series. TaxBandits offers their clients plenty of time and advanced features designed to simplify their filing requirements and IRS compliance process. Like the forms listed above, the forms of the 94x Series are also due to the IRS on January 31, 2024.
TaxBandits support the following annual 94x Series Forms, all of which have a deadline of January 31, 2024.
Form 940
Form 940 must be filed with the IRS annually to report these Federal Unemployment (FUTA) Taxes. Employers pay a FUTA tax rate of 6% on the first $7,000 they pay their employees. This is also referred to as the FUTA tax form.
Employers should be aware that the credit reduction rate for California, and New York is 0.6%, and for the U.S. Virgin Islands, it is 3.9% for the 2023 tax year.
In addition to Form 940, TaxBandits also supports the 940 Schedule R for aggregate filers.
Form 943
Form 943 is the Employer's Annual Federal Tax Return for Agricultural Employees. Employers use this form in the agriculture industry to report the Medicare, Social Security, and income tax withheld from their employees.
Form 944
Form 944 is the Employer's Annual Tax Return. Small employers with a tax liability of $1,000 or less file this form to report the Medicare, Social Security, and income taxes withheld from their employees' wages.
Form 945
Form 945 is the Annual Return of Withheld Federal Income Tax. This form must be filed by any business that has withheld taxes from payments to non-employees under the backup withholding rules.
Business owners, tax preparers, and service providers of all sizes can find a 94x filing solution with TaxBandits. In addition to 1099 Forms, 1095, and W-2, their clients can now begin the process of tackling the annual 94x Series well in advance of the January 31st deadline. TaxBandits offers time-saving features that include bulk upload options, built-in error checks using the IRS Business Rules, simple e-signature options, and increased savings through the purchase of prepaid credits.
When asked about the streamlined 94x filing process offered by TaxBandits, CEO and Cofounder Agie Sundaram, responded stating, "TaxBandits provides a 94x e-filing solution that is superior to any other on the market. It is designed for accuracy and efficiency with a heavy focus on data security. Choose TaxBandits for an intuitive e-filing process, advanced features, and unmatched dedicated customer support."
Businesses, tax professionals, and service providers can begin their year-end 94x filing at TaxBandits.com by creating a free account.
About TaxBandits
The 1099 and W-2 experts! TaxBandits is a SOC 2 Certified, IRS-authorized e-file provider of 1099, W2, 1095-C Form , 1095-B Form , 940, 941, 943, 944, 945, and W-9, serving businesses, service providers, and tax professionals of every shape and size.
Software providers and other high-volume filers can take advantage of TaxBandits API. The integration allows them to add value for their clients and expand monetization efforts. TaxBandits API enables seamless preparation and e-filing of 1099, W-2, 941, 940, and ACA 1095 forms. Software providers can also use the developer-friendly 1099 API to request W-9s and automate 1099 filings efficiently.
About SPAN Enterprises
Based in Rock Hill, South Carolina, SPAN Enterprises has been developing industry-leading software solutions for IRS e-filing and business management tools for over a decade.
The SPAN Enterprises portfolio of products includes TaxBandits, Tax990, ACAwise, ExpressExtension, 123PayStubs, and TruckLogics.
For any media inquiries, please contact Stephanie Glanville, Content Writer at stephanie@spanenterprises.com.
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SOURCE: TaxBandits
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