Tax Law and News December 2018 Tax and Compliance Deadlines Read the Article Open Share Drawer Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window) Written by Intuit Accountants Team Modified Oct 22, 2018 2 min read Welcome to December — the month of snowflakes, unwrapping presents, holiday gatherings, and yes, some important tax and compliance deadlines. Here’s a list for your review. In December, it’s recommended that you: Remind employees whose withholding status will change in 2019 that they should submit a new Form W-4 to the employer. The new form should be submitted as early as possible to guarantee implementation of the withholding change in January. Establish tax return preparation procedures. Develop tax preparation docket sheet. Analyze tax season staffing needs. Prepare tax season work assignments. Prepare tax preparation packets and tax data organizers for clients. Review new tax developments. Remind individual clients of Jan. 15 due date for final 2018 estimated tax payment. Remind business clients of Jan. 31 due date for filing Forms W-2 and 1099-MISC. Key Compliance Dates: Wednesday, Dec. 5 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 28-30. Friday, Dec. 7 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Dec. 1-4. Monday, Dec. 10 – Tipped employees who receive $20 or more in tips during November report them to the employer on Form 4070. Wednesday, Dec. 12 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Dec. 5-7. Friday, Dec. 14 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Dec. 8-11. Monday, Dec. 17 Monthly depositors deposit FICA and withheld income tax for November. Calendar-year corporations pay fourth installment of 2018 estimated tax. Wednesday, Dec. 19 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Dec. 12-14. Friday, Dec. 21 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Dec. 15-18. Thursday, Dec. 27 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Dec. 19-21. Friday, Dec. 28 – Semiweekly depositors deposit FICA and withheld income tax on wages paid on Dec. 22-25. Intuit® ProConnect™ Resources: The December 2018 Calendar with filing deadlines and reminders for you and your clients Key Tax Facts for 2018 5 Key Tax Changes for Your Individual Clients in 2018 As always, visit Intuit ProConnect for more information and training resources. Previous Post Tax Reform and Qualified Opportunity Zones Next Post IRS Issues Tips on How Tax Reform Affects Farmers and… Written by Intuit Accountants Team The Intuit® Accountants team provides ProConnect™ Tax, Lacerte® Tax, ProSeries® Tax, and add-on software and services to enable workflow for its customers. Visit us at https://proconnect.intuit.com, or follow us on Twitter @IntuitAccts. More from Intuit Accountants Team Comments are closed. Browse Related Articles Tax Law and News January 2025 tax and compliance deadlines Workflow tools On the Books podcast: Merry books-to-tax season Tax Law and News Navigating year-end planning for businesses Practice Management How market competitors have become firm predators Tax Law and News Accountant’s guide to secure file sharing Practice Management Consultant spotlight: Jason Tritle Practice Management Consultant spotlight: Corey Spear Practice Management Consultant spotlight: Drew Hickman Practice Management Top 7 advantages of choosing a firm niche Advisory Services Your firm: Maximizing value over volume