September 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

September 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.

Sept. 4     

Semiweekly deposit for wages paid on Aug. 27, 28 and 29.

Sept. 5     

Semiweekly deposit for wages paid on Aug. 30, 31, Sept. 1 and 2.

Sept. 10     

Semiweekly deposit for wages paid on Sept. 3, 4 and 5.

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

Sept. 12     

Semiweekly deposit for wages paid on Sept. 6, 7, 8 and 9.

Sept. 15     

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

Corporations. File a 2013 calendar year income tax return (Form 1120) and pay any tax, interest and penalties due. This due date applies only if you timely requested an automatic six-month extension; otherwise, the return should have been filed by March 17. Calendar-year corporations deposit the third 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 9th month of their tax year.

S Corporations. File a 2013 calendar year income tax return (Form 1120S) and pay any tax due. This due date applies only if you timely requested an automatic six-month extension; otherwise, the return should have been filed by March 17. Provide each shareholder with a copy of Schedule K-1 (Form 1120S) or substitute Schedule K-1.

Partnerships. File a 2013 calendar year partnership return (Form 1065). This due date applies only if you were given an additional five-month extension; otherwise, the return should have been filed by April 15. Provide each partner with a copy of Schedule K-1 (Form 1065) or substitute Schedule K-1.

Sept. 17     

Semiweekly deposit for wages paid on Sept. 10, 11 and 12.

Sept. 19     

Semiweekly deposit for wages paid on Sept. 13, 14, 15 and 16.

Sept. 24     

Semiweekly deposit for wages paid on Sept. 17, 18 and 19.

Sept. 26     

Semiweekly deposit for wages paid on Sept. 20, 21, 22 and 23.

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