Quickbooks, Bookkeeping and Accounting Blog

Accountants, bookkeepers and small business owners should be aware of the following dates in July:

• 7/1/2008 - Occupational excise taxes: if you are in the business of taking wagers, then file Form 11-C to register and pay the annual tax.
• 7/2/2008 - If you are subject to the semiweekly deposit rule, then deposit payroll taxes for payments made between June 25th and June 27th.
• 7/7/2008 - If you are subject to the semiweekly deposit rule, then deposit payroll taxes for payments made between June 28th and July 1st.
• 7/9/2008 - If you are subject to the semiweekly deposit rule, then deposit payroll taxes for payments made between July 2nd and July 4th.
• 7/10/2008 - Employees who earned more than $20 in tips in June must report the total to their employers.
• 7/11/2008 - If you are subject to the semiweekly deposit rule, then deposit payroll taxes for payments made between July 5th and July 8th.
• 7/15/2008 - If you are subject to the monthly deposit rule, then deposit payroll taxes for June by July 15th.
• 7/16/2008 - If you are subject to the semiweekly deposit rule, then deposit payroll taxes for payments made between July 9th and July 11th.
• 7/18/2008 - If you are subject to the semiweekly deposit rule, then deposit payroll taxes for payments made between July 12th and July 15th.
• 7/23/2008 - If you are subject to the semiweekly deposit rule, then deposit payroll taxes for payments made between July 16th and July 18th.
• 7/25/2008 - If you are subject to the semiweekly deposit rule, then deposit payroll taxes for payments made between July 19th and July 22nd.
• 7/30/2008 - If you are subject to the semiweekly deposit rule, then deposit payroll taxes for payments made between July 23rd and July 25th.
• 7/31/2008 - If you wish to request extension to file Forms 5500 or 5500EZ, then file form 5558.

We will publish a list of the August dates accountants and bookkeepers should be aware of at the end of July.