Happy birthday, America! As you’re busy celebrating our freedom and also shooting up the grill, do not forget about compliance and tax obligations in July. Following is a listing for your own review.

Actually July, it’s advised that you simply:-LRB-****)

• Alert customers to (or*******************) mid-year tax preparation opportunities.
• Program continuing expert instruction for 2017.

Key Compliance Dates:-LRB-****)

Thursday, July 6 — Semiweekly depositors deposit FICA and accrued income tax on salary paid on June 28-30.

Friday, July 7 — Semiweekly depositors deposit FICA and withheld income tax on salary paid on July 1-4.

Monday, July 10 — Tipped workers who acquired $520 and much more in tips during June report them to the company on Kind 4070, Employee’s Report of Tips to Employer.

Wednesday, July 12 — Semiweekly depositors deposit FICA and withheld income tax on salary paid on July 5-7.

Friday, July 14 — Semiweekly depositors deposit FICA and withheld income tax on salary paid on July 8- year11.

Monday, July 17 — Monthly depositors deposit FICA and withheld income tax for June.

Wednesday, July 19 — Semiweekly depositors deposit FICA and withheld income tax on salary paid on July 12-14.

Friday, July 21 — Semiweekly depositors deposit FICA and withheld income tax on salary paid on July 15-18.

Wednesday, July 26 — Semiweekly depositors deposit FICA and withheld income tax on salary paid July 19-21.

Friday, July 28 — Semiweekly depositors deposit FICA and withheld income tax on salary paid on July 22-25.

Monday, July 31

• Deposit FUTA tax owed through June if more than $($**********************).
• Record Kind 941, Employer’s Quarterly Federal Tax Return, to the next quarter of all ($*******************) (in case tax deducted at full and on time, file from Aug. 10).
• Record 2016 Kind 5500, Yearly Return/Report of Employee Benefit Plan, or 5500-EZ, Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan, to get calendar-year retirement and benefit plans)

(***)   (****) (***)Intuit® ProConnect™ Resources:-LRB-****)

(b)As always, see Intuit ProConnect to find out more and training sources.

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Dorinda DeScherer (43 Articles)

Dorinda DeScherer is a lawyer specializing in employment and tax law. She’s an honors’ graduate of the University of Maryland School of Law and Barnard College of Columbia University. She’s presently a principal with Editorial Resource Group, in which she specializes in editing and composing publications.