Small Business Taxes & Management

To Do List -- Federal

July 10, 2024

Form 4070, employees who received $20 or more in tip income in June.

July 15, 2024

Employment tax deposits (for June, 2024 due for monthly depositors.

July 31, 2024

Form 941 due for second quarter 2024.
FUTA (Form 940) deposit due for second quarter.
Form 5500, Annual Return for Employee Benefit Plan. For qualified pension, profit sharing, or other employee benefit plans for calendar-year 2023 (Form 5558 for extension request).

Notes:

Form 941 may be filed as late as August 10 if taxes have been deposited in full and on time.

Various

Form 8300 (statement to payer of cash of more than $10,000) must be filed with the IRS by the 15th day following the transaction.

Semi-Weekly Employment Tax Deposit Schedule for July:

Payroll Date Deposit Date

Jun 26-28 Jul 3

Jun 29-30 Jul 8

Jul 1-2 Jul 8

Jul 3-5 Jul 10

Jul 6-9 Jul 12

Jul 10-12 Jul 17

Jul 13-16 Jul 19

Jul 17-19 Jul 24

Jul 20-23 Jul 26

Jul 24-26 Jul 31

Jul 27-30 Aug 2

Jul 31-Aug 2 Aug 7

Special Rule: Employers must deposit taxes on next banking day after date employment tax liability exceeds $100,000.

Copyright 2024 by A/N Group, Inc. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is distributed with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional should be sought. Articles in this publication are not intended to be used, and cannot be used, for the purpose of avoiding accuracy-related penalties that may be imposed on a taxpayer. The information is not necessarily a complete summary of all materials on the subject. Copyright is not claimed on material from U.S. Government sources.--ISSN 1089-1536

Payroll Date	Deposit Date
Jun 26-28	Jul 3
Jun 29-30	Jul 8
Jul 1-2	Jul 8
Jul 3-5	Jul 10
Jul 6-9	Jul 12
Jul 10-12	Jul 17
Jul 13-16	Jul 19
Jul 17-19	Jul 24
Jul 20-23	Jul 26
Jul 24-26	Jul 31
Jul 27-30	Aug 2
Jul 31-Aug 2	Aug 7