December 2017 Business Due Dates
11/21/2017
On December 22, 2017, The Tax Cuts and Jobs Act was signed into law. The information in this article predates the tax reform legislation and may not apply to tax returns starting in the 2018 tax year. You may wish to speak to your tax advisor about the latest tax law. This publication is provided for your convenience and does not constitute legal advice. This publication is protected by copyright.
December 1 - Employers
During December, ask employees whose withholding allowances will be different in 2018 to fill out a new Form W4 or Form W4(SP).
December 15 - Social Security, Medicare and Withheld Income Tax
If the monthly deposit rule applies, deposit the tax for payments in November.
December 15 - Nonpayroll Withholding
If the monthly deposit rule applies, deposit the tax for payments in November.
December 15 - Corporations
The fourth installment of estimated tax for 2017 calendar year corporations is due.
December 31 - Last Day to Set Up a Keogh Account for 2017
If you are self-employed, December 31 is the last day to set up a Keogh Retirement Account if you plan to make a 2017 Contribution. If the institution where you plan to set up the account will not be open for business on the 31st, you will need to establish the plan before the 31st. Note: there are other options such as SEP plans that can be set up after the close of the year. Please call the office to discuss your options.
December 31 - Caution! Last Day of the Year
If the actions you wish to take cannot be completed on the 31st or a single day, you should consider taking action earlier than December 31st.
2017 Archives
LINDSTROM ACCOUNTANCY CORP.
2291 W March Lane Ste D105, Stockton CA 95207
(209) 451-0428 FAX (209) 451-0593
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