ROCK HILL, SOUTH CAROLINA (SC), US, June 28, 2022 /EINPresswire.com/ -- The second quarter of 2022 is almost complete, which means it’s time for employers and tax professionals to start preparing quarterly payroll IRS Form 941. The IRS has released and finalized a new version of the 941 for reporting second-quarter information.

TaxBandits has updated its e-filing process accordingly and the second quarter Form 941 for 2022 is now available. TaxBandits includes all the updated lines and 941 Worksheets required for the second quarter and provides time-saving features to help employers and tax professionals file easily and accurately.

Under the CARES Act and later the American Rescue Plan (ARP), employers were able to claim an advance payment on sick and family leave wages paid to employees due to COVID-19. They could also claim the

Additionally, the Employee Retention credit has expired along with the COBRA premium assistance credit. While credits from past quarters can be claimed on Form 941 for Q2, there are now no credits available for the current quarter.

Now that many of the COVID-19 programs have ended and tax credits can no longer be claimed in advance, the IRS has reduced the number of Worksheets needed to file Form 941 for the Q2 of 2022.

For the second quarter of 2022, there will only be 2 Worksheets to help employers calculate the refundable and non-refundable portions of their remaining COVID-19 tax credits.

Visit TaxBandits.com to e-file Form 941 for the second quarter of 2022.

About TaxBandits
The 1099 and W-2 experts! TaxBandits is a SOC 2 Certified, IRS authorized e-file provider of Forms 1099, W-2, 1095, 940, 941, and W-9, serving businesses, service providers, and tax professionals of every shape and size.

About SPAN Enterprises
SPAN Enterprises is the parent company of TaxBandits and a variety of other business management and e-filing applications. Located in the small city of Rock Hill, SC, SPAN Enterprises proves that big ideas grow in small towns.

With existing Business Management and E-filing Applications such as TruckLogics, ExpressTruckTax, and ExpressTaxExempt, SPAN Enterprises is at the forefront of innovative applications. Learn more at https://www.spanenterprises.com/.

For any media inquiries, please reach out to Stephanie Glanville, Content Writer at stephanie@spanenterprises.com.

Stephanie Glanville
TaxBandits
stephanie@spanenterprises.com
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