Millennium Funding News

Starting January 1^st, 2011 banks will no longer accept payroll and income tax deposits on 8109 coupons. Going forward the IRS will require all federal tax depositors with a federal payroll tax liability of more than $2,500 per quarter to submit federal payroll tax deposits via the EFTPS payment system.  This IRS requirement will cover nearly all businesses. One easy way for a small business to make sure your payroll taxes are remitted properly is to have Millennium Funding do your payroll in addition to factoring your accounts receivable.