What does the Quarterly Statement of Deposits and Filings display?

The Quarterly Statement of Deposits and Filings provides a detailed overview of tax deposit amounts and the corresponding filing dates for a specific period. This document is crucial for businesses to track their compliance with tax payment requirements throughout the year. It summarizes the amounts due for the various payroll taxes and indicates when these deposits were made or are due, allowing organizations to ensure they remain compliant with federal, state, and local tax obligations.

By reviewing this statement, payroll specialists can monitor their organization's tax liabilities and ensure that timely payments are made, thereby avoiding penalties or interest that can arise from late deposits. This focus on tax compliance is essential for maintaining an organization's good standing with tax authorities.