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U.S. Master Payroll Guide (2011)
This one-source resource to payroll is part of CCH's Master Series of professional guidebooks. You'll find everything you need to know about payroll from employers and their obligations to payroll withholding and tax deposits to payroll management and administration issues.

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CCH® PAYROLL — 07/23/10

Illinois legislation mandates EFT for certain payments

Legislation amends Illinois corporate and personal income provisions to provide that certain taxpayers are required to make withholding tax and income tax payments by electronic funds transfer (EFT). Beginning with calendar year 2011, for semiweekly withholding tax payments, each employer that withheld or was required to withhold more than $12,000 during the one-year period ending on June 30 of the preceding calendar year must make payments by EFT. Additionally, the revenue department may permit employers, in lieu of the return and payment requirements otherwise in place, to file annual returns due on or before January 31 of the year for taxes withheld or required to be withheld during the previous calendar year and, if the aggregate amounts required to be withheld by the employer (except for amounts withheld by partnerships, S corporations, and trusts) do not exceed $1,000 for the previous calendar year, to pay the taxes required to be shown on each such return no later than the due date for such return. (H.B. 5833, Laws 2010, effective July 12, 2010.)

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