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 2011 calendar year corporations is due.
December 31 – Last Day to Set Up a Keogh Account for 2011
If you are self-employed, December 31 is the last day to set up a Keogh Retirement Account if you plan to make a 2011 Contribution. If the institution where you plan to set up the account will not be open for business on the 31st, a Saturday, you will need to establish the plan by December 30. 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.
