As we move through the third quarter of 2024, it’s important for businesses and employers to be aware of key tax-related deadlines. Please note that this list is not exhaustive, and there may be additional deadlines applicable to your specific situation. Contact us to ensure you are meeting all relevant deadlines and to learn more about the filing requirements.
July 15
- Monthly Deposit Rule: Employers should deposit Social Security, Medicare, and withheld income taxes for June if the monthly deposit rule applies.
- Nonpayroll Withheld Income Tax: Employers should also deposit nonpayroll withheld income tax for June if the monthly deposit rule applies.
July 31
- Form 941: Report income tax withholding and FICA taxes for the second quarter of 2024 and pay any tax due. (See the exception below under “August 12.”)
- Form 5500 or Form 5500-EZ: File a 2023 calendar-year retirement plan report or request an extension.
August 12
- Form 941: Report income tax withholding and FICA taxes for the second quarter of 2024, if you deposited on time and in full all the associated taxes due.
September 16
- Estimated Income Taxes: Calendar-year C corporations should pay the third installment of 2024 estimated income taxes.
- Income Tax Return: Calendar-year S corporations or partnerships that filed an automatic six-month extension should file their 2023 income tax return (Form 1120-S, Form 1065, or Form 1065-B) and pay any tax, interest, and penalties due.
- Retirement Plan Contributions: Make contributions for 2023 to certain employer-sponsored retirement plans.
- Monthly Deposit Rule: Employers should deposit Social Security, Medicare, and withheld income taxes for August if the monthly deposit rule applies.
- Nonpayroll Withheld Income Tax: Employers should also deposit nonpayroll withheld income tax for August if the monthly deposit rule applies.
Staying compliant with tax deadlines is crucial for avoiding penalties and interest. For a comprehensive understanding of all applicable deadlines and filing requirements, please contact us. We are here to assist you in ensuring that all your tax obligations are met in a timely manner.
