Federal Tax Deposits   

Federal tax deposits are made through the Electronic Federal Tax Payment System (EFTPS). 941 tax deposits are generally paid on the 15th of the month after payroll has been distributed. (Payroll paid in January will have a federal tax deposit due on the 15th of February and so on). This payment schedule is for “monthly depositors.” 940 payments, if under $500.00 per year, are due on January 31st of the following year.  

Enrollment in EFTPS is mandatory. Click the link to set up your EFTPS account now.

IRS Payroll Tax Payment Schedules  

For more information on payment schedules or to find out which payment schedule you are required to follow, please Click The Link.

All NEW employers will automatically begin on the monthly payment deposit schedule.

Employment Security Division   

All Nevada companies starting a business in Nevada with employees must pay unemployment tax on the first $31,200.00 (for 2019) of each employees wages at a rate of 2.95% and .05 percent for the Career Enhancement Program (CEP). This tax is paid quarterly with the quarterly electronic payroll tax return. To receive your state unemployment identification number and set up your web based account, please click the link. Click on “create an online user account” and follow the steps.

Department of Taxation 

Modified Business tax is due quarterly on all wages over $50,000.00. To set up your MBT ID number, please click the link.

Hired employees? Here are 2 forms required to be kept on file for compliance. 

W-4 – Employee’s Withholding Allowance Certificate

I-9 – Employment Eligibility Verification

Starting a business? Need a Federal ID Number? You can fill out the application online and receive your number in the matter of minutes.

Click HERE.

Opening a business in Nevada? It is important to consult with a CPA to determine the best entity structure. Once your entity structure is determined, go to Silver Flume to receive your articles and business license or contact us for assistance.

Click HERE.