What could be a consequence of miscalculating the deposit frequency?

Miscalculating the deposit frequency can lead to increased penalties and interest because tax authorities have strict requirements regarding how often deposits need to be made. If an employer deposits taxes less frequently than required, they can incur penalties for late payments. This includes financial repercussions such as interest on the unpaid tax amounts from the time they were due until they are actually paid. The implications of miscalculating the deposit frequency emphasize the importance of adhering to set schedules for tax deposits to avoid these additional costs.

In contrast, overpayment of taxes does not directly result from miscalculating the deposit frequency, as it pertains more to whether the correct amounts owed are being sent. An increase in the number of employees is unrelated to the consequences of deposit frequency miscalculations, and a faster processing of tax returns does not apply since the issue is specifically about tax deposits rather than tax return processing.