As the fourth quarter of 2024 approaches, here are some key tax deadlines that may impact businesses and employers. This list is not exhaustive, so additional deadlines might apply to your situation. Reach out to us to ensure you meet all applicable deadlines and to discuss your specific filing requirements.
Note: Tax-filing and payment deadlines may be postponed for taxpayers in federally declared disaster areas.
Tuesday, October 1
- SIMPLE IRA Plan Setup: This is the last day to establish a SIMPLE IRA plan if you (or a predecessor employer) have not previously maintained one. New employers starting after October 1 can set up a SIMPLE IRA plan as soon as possible after the business is established.
Tuesday, October 15
- C Corporation Filing: Calendar-year C corporations that filed for a six-month extension must:
- File the 2023 income tax return (Form 1120) and pay any taxes, interest, and penalties due.
- Make 2023 contributions to applicable employer-sponsored retirement plans.
Thursday, October 31
- Payroll Taxes: Report income tax withholding and FICA taxes for the third quarter of 2024 (Form 941) and pay any taxes owed.
- (See the exception below for “November 12.”)
Tuesday, November 12
- Payroll Taxes (If Deposited on Time): Report third-quarter 2024 income tax withholding and FICA taxes (Form 941), if all related taxes were deposited on time and in full.
Monday, December 16
- Estimated Taxes: Calendar-year C corporations must pay the fourth installment of 2024 estimated income taxes.
For further details or assistance with your filing requirements, contact us to ensure you’re staying on track with all deadlines.
