As we enter the final quarter of 2024, businesses and employers face several key tax deadlines that must be met to avoid penalties and remain compliant.
Be sure to consult your Rudler, PSC advisor to ensure you're aware of all applicable deadlines and filing requirements.
While the following list highlights some important dates, it’s crucial to remember that it may not cover every deadline relevant to your specific situation. From setting up retirement plans to filing income tax returns and making quarterly payments, these deadlines require careful attention. Additionally, businesses in federally declared disaster areas may benefit from deadline extensions.
Tuesday, October 15
If a calendar-year C corporation that filed an automatic six-month extension:
- File a 2023 income tax return (Form 1120) and pay any tax, interest and penalties due.
- Make contributions for 2023 to certain employer-sponsored retirement plans.
Thursday, October 31
- Report income tax withholding and FICA taxes for third quarter 2024 (Form 941) and pay any tax due. (See exception below under “November 12.”)
Tuesday, November 12
- Report income tax withholding and FICA taxes for third quarter 2024 (Form 941), if you deposited on time (and in full) all the associated taxes due.
Monday, December 16
- If a calendar-year C corporation, pay the fourth installment of 2024 estimated income taxes.
Contact your Rudler, PSC advisor at 859-331-1717 if you’d like more information about the filing requirements and to ensure you’re meeting all applicable deadlines.
RUDLER, PSC CPAs and Business Advisors
This week's Rudler Review is presented by Josh Myers, Staff Accountant and Becca Thorman, CPA, CVA.
If you would like to discuss your particular situation, contact Josh or Becca at 859-331-1717.
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