March 2014: Employer’s business tax calendar

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in Office Management,Payroll Management

NOTE: Saturdays, Sundays and legal holidays as observed in the District of Columbia are taken into account to determine due dates. Under the federal deposit rules, you’re allowed a deposit shortfall of the greater of $100 or 2% of your tax liability.

Semiweekly and monthly deposits are for the deposits of FICA and withheld income taxes due on wages paid during the time periods indicated.

March 5     

Semiweekly deposit for wages paid on Feb. 26, 27 and 28.

March 7     

Semiweekly deposit for wages paid on March 1, 2, 3 and 4.

March 10     

Employees who work for tips. If employees received $20 or more in tips during ­February, they should report them to you on Form 4070.

March 12     

Semiweekly deposit for wages paid on March 5, 6 and 7.

March 14     

Semiweekly deposit for wages paid on March 8, 9, 10 and 11.

March 17     

Monthly deposit for wages paid in February, if the semiweekly deposit rule didn’t apply.

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