July 2018: Employer’s business tax calendar

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.

July 5

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

July 9

Semiweekly deposit for wages paid on June 30, July 1, 2 and 3.

July 10

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

July 11

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

July 13

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

July 16

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

July 18

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

July 20

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

July 25

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

July 27

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

July 31

All employers. Quarterly filers file Form 941 for the second quarter of 2018. Deposit any undeposited tax. If the total is less than $2,500 and not a shortfall, you can pay it with the return. If you deposited the tax for the quarter in full and on time, you have until Aug. 10 to file the return. Annual filers deposit any undeposited tax, if the total liability is $2,500 or more for 2018, but less than $2,500 for the second quarter. All employers deposit FUTA taxes owed through June, if more than $500. If you maintain an employee benefits plan, such as a pension, profit-sharing or stock bonus plan, file Form 5500 or 5500-EZ for calendar year 2017. If you use a fiscal year as your plan year, file the form by the last day of the 7th month after the plan year ends.