[lendaddy]

Since before I have been running the office side we have always used a payroll service. I knew that they held (and invested ) our tax deposits until they HAD to deposit them with the appropriate entities. I always assumed this was quarterly but in my discussion with them they made it sound more often. Does anyone know the actual schedule on this?

For instance, if they are due quarterly then the first January payroll tax deposits get invested by them until the end of March where as they then keep the interest accrued, they lose a week of interest on the second payroll, three on the third, etc.... Am I incorrect? Or are tax deposits more frequent?