Quickbooks, Bookkeeping and Accounting Blog

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

• 1/1/2008 - Stop the advance credit of the Earned Income Credit for employee who have not submitted a new Form W-5.
• 1/4/2008 - If you are subject to the semiweekly deposit rule, then deposit payroll taxes for payments made on January 1st.
• 1/9/2008 - If you are subject to the semiweekly deposit rule, then deposit payroll taxes for payments made between January 2nd and January 4th.
• 1/10/2008 - Employees who earned tips: File Form 4070 to report to employer earnings of more than $20 in tips.
• 1/11/2008 - If you are subject to the semiweekly deposit rule, then deposit payroll taxes for payments made between January 5th and January 8th.
• 1/15/2008 - If you are subject to the monthly deposit rule, then deposit payroll taxes for December 2007 by January 15th.
• 1/16/2008 - If you are subject to the semiweekly deposit rule, then deposit payroll taxes for payments made between January 9th and January 11th.
• 1/18/2008 - If you are subject to the semiweekly deposit rule, then deposit payroll taxes for payments made between January 12th and January 15th.
• 1/24/2008 - If you are subject to the semiweekly deposit rule, then deposit payroll taxes for payments made between January 16th and January 18th.
• 1/25/2008 - If you are subject to the semiweekly deposit rule, then deposit payroll taxes for payments made between January 19th and January 22nd.
• 1/30/2008 - If you are subject to the semiweekly deposit rule, then deposit payroll taxes for payments made between January 23rd and January 25th.
• 1/31/2008 - Deliver Forms 1098, 1099 and W-2G to recipients for certain payments made during calendar year 2007.

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