Quickbooks, Bookkeeping and Accounting Blog

A list of upcoming dates and actions that accountants, bookkeepers and small business owners should be aware of follows:

• 2/1/2008 - If you are subject to the semiweekly deposit rule, then deposit payroll taxes for payments made between January 26th and January 29th.
• 2/6/2008 - If you are subject to the semiweekly deposit rule, then deposit payroll taxes for payments made between January 30th and February 1st.
• 2/8/2008 - If you are subject to the semiweekly deposit rule, then deposit payroll taxes for payments made between February 2nd and February 5th.
• 2/11/2008 - If you deposited all required payments on time, then file Forms 940, 941, 943, 944, and/or 945.
• 2/13/2008 - If you are subject to the semiweekly deposit rule, then deposit payroll taxes for payments made between February 6th and February 8th.
• 2/15/2008 - Obtain a new W-4 form from employees who claimed “exempt” during calendar year 2007.
• 2/16/2008 - If you have employees who claimed exemption from withholding last year but have not yet submitted a new W-4, then you must begin withholding income taxes from them.
• 2/21/2008 - If you are subject to the semiweekly deposit rule, then deposit payroll taxes for payments made between February 13th and February 15th.
• 2/22/2008 - If you are subject to the semiweekly deposit rule, then deposit payroll taxes for payments made between February 16th and February 19th.
• 2/27/2008 - If you are subject to the semiweekly deposit rule, then deposit payroll taxes for payments made between February 20th and February 22nd.
• 2/28/2008 - Information returns (Forms W-2G, 1098, and 1099) for certain payments made during calendar year 2007 are due.
• 2/29/2008 - If you are a large food or beverage establishment, then file Form 8027.

A new list will be published at the end of each month showing dates and actions to be aware of in the following month.