Essential July 2025 Tax Deadlines for Businesses: Stay Compliant and Avoid Penalties

Efficient financial management starts with staying on top of critical deadlines. This July 2025, ensure your business remains compliant by adhering to key tax and payroll dates. Below is a breakdown of important due dates that warrant your immediate attention.

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July 1 – Self-Employed Pension Plans
If you maintain a pension or profit-sharing plan, it's essential to assess your requirements for filing Form 5500 or 5500-EZ for calendar year 2024. While the final submission deadline is July 31, reach out to us promptly for support in preparing these documents.

July 15 – Payroll Tax Obligations
Employers must observe the monthly deposit rule for Social Security, Medicare, and withheld income tax due by July 15 for the June 2025 pay period. Ensure compliance to avoid penalties, including for any nonpayroll withholding deposits.

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July 31 – Quarterly and Annual Filings
July 31 marks various pivotal filing deadlines. You need to file Form 941 for Q2 2025, ensuring all taxes have been accurately deposited or paid. If your quarterly tax liability is under $2,500, payment can accompany a timely filed return. Form 5500 or 5500-EZ must also be filed for calendar year 2024 plans.
Federal Unemployment Tax
Deposit outstanding Federal Unemployment Tax for the first half of 2025 if it exceeds $500.

Handling Weekends & Holidays
Remember, if a deadline falls on a weekend or federal holiday, the due date extends to the next working day.

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Disaster Area Filing Extensions
In times of crisis, designated disaster zones may receive deadline extensions. Always verify current information via FEMA's disaster declarations and the IRS's tax relief updates.

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