Happy May 1st! We’ve compiled your business due dates for this new month. Add these to your calendar NOW to stay on track!
May 1 – Federal Unemployment Tax
Deposit the tax owed through March if it is more than $500.
May 1 – Social Security, Medicare and Withheld Income Tax
File Form 941 for the first quarter of 2017. Deposit or pay any un-deposited tax under the accuracy of deposit rules. If your tax liability is less than $2,500, you can pay it in full with a timely filed return. If you deposited the tax for the quarter in full and on time, you have until May 10 to file the return.
May 10 – Social Security, Medicare and Withheld Income Tax
File Form 941 for the first quarter of 2017. This due date applies only if you deposited the tax for the quarter in full and on time.
May 15 – Employer’s Monthly Deposit Due
If you are an employer and the monthly deposit rules apply, May 15 is the due date for you to make your deposit of Social Security, Medicare and withheld income tax for April 2017. This is also the due date for the non-payroll withholding deposit for April 2017 if the monthly deposit rule applies.
Contact Dagley & Co. with any questions regarding May’s due dates.
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