# Semiweekly schedule depositor

> Semiweekly schedule depositor — An employer whose lookback-period tax was over $50,000: taxes on Wednesday-to-Friday paydays are deposited by the next Wednesday, Saturday-to-Tuesday paydays by the next Friday. Reports its liability by payday on Schedule B (Form 941).

Source: https://lopifi.com/glossary/semiweekly-schedule-depositor
Part of: Lopifi — US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

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**What is semiweekly schedule depositor?** In accounting, semiweekly schedule depositor means an employer whose lookback-period tax was over $50,000: taxes on Wednesday-to-Friday paydays are deposited by the next Wednesday, Saturday-to-Tuesday paydays by the next Friday. Reports its liability by payday on Schedule B (Form 941).

## Words this system refuses for it

- biweekly payroll

- **Category:** Payroll
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** liability, form-941, period