ROCK HILL, SC / ACCESSWIRE / August 2, 2021 / is just a few days away. For employers who are required to file the Form 941, Employer’s Quarterly Federal Return, this form must be e-filed with the IRS by this deadline. TaxBandits offers a complete solution for meeting the Form 941 deadline with ease and accuracy. Business owners, tax professionals, PEOs, and reporting agents can all meet their 941 e-file requirements with TaxBandits.
Unlike many recent quarters, Form 941 has undergone some updates due to the continuing impact of the COVID-19 pandemic. These changes include:
- Calculating the sick and family leave credit differently based on whether the leave was taken before and after March 31, 2021.
- Calculating the employee retention credit differently for the second quarter
- The ability to claim the COBRA premium assistance credit
In total, 23 of the data fields on the Q2 Form 941 have been updated. These changes have led to the creation of five 941 worksheets that will be used for the second quarter filing and beyond. TaxBandits supports each 941 worksheet and has integrated them into the filing flow.
TaxBandits has accounted for all the updates to Form 941 and has integrated them into the e-filing process. Employers can easily identify and complete the worksheets needed while filing. With automatic calculations, employees can increase accuracy while reducing filing time. Additionally, TaxBandits checks forms against the IRS business rules to catch common errors. Semiweekly depositors can complete 941 Schedule B during the e-filing process as well.
Tax professionals can take advantage of unique filing features available through TaxBandits. With the CPA dashboard, professionals can track the filing status of Form 941 for each of their clients. CPAs can also save time by getting their clients signature digitally using a secure portal. Prepaid credits allow tax professionals to lock in the best volume pricing available. The TaxBandits Bulk Upload feature allows professionals to upload data and e-file multiple forms at once.
CPEOs and reporting agents can also take advantage of these helpful features. Additionally, TaxBandits supports the Form 941 Schedule R for aggregate filing.
On the topic of e-filing Form 941, Agie Sundaram, CEO and Co-founder of SPAN Enterprises, the parent company of TaxBandits stated, “Form 941 becomes more and more complex as updates are added to account for COVID-19 tax credits, filing a paper copy of this form has become extremely difficult. We strongly recommend that employers e-file this form, and TaxBandits offers great features and customer support to help them do so.”
Begin e-filing Form 941 today at www.TaxBandits.com.
About SPAN Enterprises
SPAN Enterprises is the parent company of TaxBandits and a variety of other business management and e-filing applications. Located in the small city of Rock Hill, SC, SPAN enterprises proves that big ideas grow in small towns. With existing Business Management and E-filing Applications such as TruckLogics and ExpressTruckTax and newer additions like PayWow and 123PayStubs, SPAN Enterprises is at the forefront of innovative applications. Learn more at http://www.spanenterprises.com.
Contact:
Stephanie Glanville
704.684.4751
SOURCE: TaxBandits
View source version on accesswire.com:
https://www.accesswire.com/657621/Meet-the-2021-Form-941-Quarter-2-Deadline-with-TaxBanditss-Simple-E-file-Solution-for-Businesses-CPAs-and-PEOs
