Payroll Daily News – 3/24/17

Hawaii DOT revokes requirement to file Form 941 with Form HW-14

The Hawaii Department of Taxation (DOT) has revoked Announcement No. 2005-01 for personal income tax withholding purposes. Announcement No. 2005-01, which was issued on February 15, 2005, gave instructions for filing federal Schedule B (Form 941), Report of Tax Liability for Semiweekly Schedule Depositors. Previously, semiweekly depositors (for pay periods after 2004,that means those employers who have Hawaii withholding liabilities in excess of $40,000 per year) had to file federal Schedule B (Form 941), along with the Form HW-14 that was submitted for the last month of each calendar quarter. However, semiweekly remitters will not be required to submit federal Schedule B (Form 941), with Form HW-14, for the quarter ending March 31, 2017, or for any subsequent quarter. (Announcement No. 2017-01, Hawaii Department of Taxation, March 10, 2017.)

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