As long as you pay the taxes when they are due, it doesn't matter if you collected them with each paycheck or pay a lump sum at the end of your tax period. Smaller businesses are allowed to file (and pay) quarterly.
The smart thing to do is just withhold the tax with each paycheck. But, if you're a small business you do have until the end of the quarter to come up with the money. As I said, it's risky and generally a terrible idea. I was just explaining how companies come to find themselves in this position.
The smart thing to do is just withhold the tax with each paycheck. But, if you're a small business you do have until the end of the quarter to come up with the money. As I said, it's risky and generally a terrible idea. I was just explaining how companies come to find themselves in this position.