August 10—You should collect Form 4070, “Employee’s Report of Tips to Employer,” from any employee who received $20 or more in tips.
• If you filed requesting a four-month extension on April 15 for your personal taxes, you must file your taxes for the previous tax year by this date. You can file Form 2688, “Application for Additional Extension of Time To File U.S. Individual Income Tax Return,” if you need an additional two-month extension to file your returns. Note that this additional extension requires a reason and approval by the IRS.
• If you pay your Social Security, Medicare, and income taxes withheld on a monthly deposit, you should make that deposit by this date for the July payment.
• If you withhold nonpayroll taxes ...