meaning of accelerated deposit rule

accelerated deposit rule meaning in Law Dictionary

If a company totals $100,000 in federal tax in one day it must be in lender the following day. When this does occur business must keep a semi-weekly deposit for the following couple of years.

accelerated deposit rule meaning in Business Dictionary

A rule saying that, if the total federal work taxes of an employer totals at least $100,000 on any time, the taxes should be deposited regarding next financial day whatever the regular month-to-month deposit routine. When an employer triggers the guideline, it should maintain a semi-weekly deposit routine for the next two calendar many years.