ACCOUNTING CS- Alerts and notices
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Internal Employees
The Georgia Department of Revenue accepts EFT Debit and EFT Credit payments of withholding taxes.
- Employers who withheld more than $50,000 in the aggregate for the "lookback period" are classified as semi-weekly payers and are required to remit withholding tax payments via EFT.
- Employers owing more than $500 in connection with any withholding return are required to make payments using electronic funds transfer (EFT).
- Employers whose withholding tax liability was below that mandatory threshold can remit their taxes via EFT on a voluntary basis.
How to apply
The Georgia Department of Revenue requires all EFT users to apply for approval before submitting tax payment files in addition to having received approval from two other states to pay via EFT. For more information about making EFT credit payments and to obtain the State of Georgia's ACH credit authorization form, please visit the Georgia Department of Revenue website and navigate to the Tax Professionals section.
Payment and other information
All businesses submitting payments via EFT, as required or voluntarily, must send these payments on a monthly deposit schedule, regardless of their normal deposit schedule. Tax returns are still required on the regular due date for the particular tax period being paid, even if you are paying via EFT.