June 2014: Employer’s business tax calendar — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

June 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.

June 4     

Semiweekly deposit for wages paid on May 28, 29 and 30.

June 6     

Semiweekly deposit for wages paid on May 31, June 1, 2 and 3.

June 10     

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

June 11     

Semiweekly deposit for wages paid on June 4, 5 and 6.

June 13     

Semiweekly deposit for wages paid on June 7, 8, 9 and 10.

June 16     

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

Corporations. Calendar-year corporations deposit the second installment of estimated income tax for 2014. A worksheet, Form 1120-W, is available to help you make an estimate of your tax for the year. Fiscal-year corporations deposit by the 15th day of the 6th month of their tax year.

June 18     

Semiweekly deposit for wages paid on June 11, 12 and 13.

June 20     

Semiweekly deposit for wages paid on June 14, 15, 16 and 17.

June 25     

Semiweekly deposit for wages paid on June 18, 19 and 20.

June 27     

Semiweekly deposit for wages paid on June 21, 22, 23 and 24.

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