EDD Upgrades California’s Payroll Tax System

The Employment Development Department yesterday announced the implementation of a new updated computer system for administering California’s payroll tax programs to enhance options and convenience for employers. Rather than reporting payroll taxes annually, employers will now submit quarterly, enabling the department to more quickly identify tax overpayments and send refunds out to employers. The new system also identifies tax underpayments which should lead to increased revenue for the state. Further, the department says the new system will allow employers to go almost completely paperless, experiencing greater ease in managing their payroll tax responsibilities with the newly-expanded “e-Services for Business”. See EDD’s press release here.