What is the next day deposit rule and how does it apply?
Next Day Rule: If an employer accumulates $100,000 or more of taxes on any single day during a deposit period, you must deposit the tax by the next banking day, whether the company is a monthly or semiweekly depositor. If an employer accumulates $95,000 on a Tuesday and another $10,000 on Wednesday, the $100,000 deposit rule does not apply.