1.
Pay and file quarterly
payroll withholding. Do I pay this to the State or Federal? You pay and file
quarterly and annual payroll taxes with the IRS and the state of Maryland.
2.
Pay quarterly state
unemployment tax. If I reach the maximum tax in the first quarter do I still
need to file in subsequent quarters? You report Maryland unemployment insurance taxes
every quarter, and pay the required amount.
3.
Pay quarterly
federal unemployment tax. If I reach the maximum tax in the first quarter do I
still need to file in subsequent quarters? Federal
unemployment is paid quarterly, but Form 940 is filed annually.
4.
Pay state quarterly
estimated tax payment To the extent your
federal withholding taxes do not cover your federal tax liability, you file federal
quarterly estimated taxes.
5.
Pay federal
quarterly estimate tax payment To the extent
your Maryland withholding taxes do not cover your Maryland tax liability, you file
Maryland quarterly estimated taxes.
These are the all
the basic payroll taxes, and your personal income tax responsibilities, and you can't
combine any of these.
You also could
have sales tax (or meals tax) requirements, and depending
on your business, you may have industry specific quarterly reporting requirements.
