May 2015: 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

May 2015: 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.

(Editor's note: Why stop with May? A step-by-step payroll compliance guide to each pay period, month and calendar quarter of the year is now available! Download it free here.)

May 1    

Semiweekly deposit for wages paid on April 25, 26, 27 and 28.

May 6    

Semiweekly deposit for wages paid on April 29, 30 and May 1.

May 8    

Semiweekly deposit for wages paid on May 2, 3, 4 and 5.

May 11    

Quarterly filers. File Form 941 for the first quarter of 2015. This due date applies only if you deposited withheld income and FICA taxes for the first quarter in full and on time. If not, you should have filed the return by April 30.

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

May 13    

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

May 15    

Semiweekly deposit for wages paid on May 9, 10, 11 and 12.

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

May 20    

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

May 22    

Semiweekly deposit for wages paid on May 16, 17, 18 and 19.

May 28    

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

May 29    

Semiweekly deposit for wages paid on May 23, 24, 25 and 26.

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