Effective June 1, 2010, employers that withhold $20,000 or more annually from employee compensation (equates to annual wages of around $650,000) are required to remit those taxes to the Department of Revenue pursuant to a semiweekly schedule.

Affected employers whose payday falls on Wednesday, Thursday, or Friday must deposit the tax with the state the Wednesday following the payday.  Affected employers whose payday falls on a Saturday, Sunday, Monday, or Tuesday must deposit the tax with the state the following Friday.  This deposit schedule mirrors the IRS payroll tax deposit schedule.