Annual & Q4 Payroll

Annual payroll is due, which includes the following:

• File Form W-2 (Copy A) and transmittal Form W-3 with the Social Security Administration. Provide Form W-2 to employees.
• For Virginia employees, file Form W-2 with the Virginia Department of Taxation.
  
• File a return for federal unemployment taxes (Form 940) and pay any tax due if all of the associated taxes due weren’t deposited on time and in full.
• For Virginia employees, file Form VA-6 with the Virginia Department of Taxation.
• Provide Form 1098, Form 1099-MISC, Form 1099-NEC and Form W-2G to recipients.

Quarterly payroll is due, which includes the following:

• Report Social Security and Medicare taxes and income tax withholding for fourth quarter (Form 941) if all of the associated taxes due weren’t deposited on time and in full
• For Virginia employees, file Form VEC FC-20/21 and with the Virginia Employment Commission.
• For Virginia employees with employers who file semi-weekly, file Form VA-16 and with the Virginia Department of Taxation.