Accelerated deposit rule

Accelerated deposit rule,

Definition of Accelerated deposit rule:

  1. A rule stating that, if the total federal employment taxes of an employer totals at least $100,000 on any day, the taxes must be deposited on the next banking day regardless of the regular monthly deposit schedule. Once an employer triggers the rule, it must maintain a semi-weekly deposit schedule for the next two calendar years.

Meaning of Accelerated deposit rule & Accelerated deposit rule Definition