January

1. Payroll Class Review January • January Payrolls • Payroll Register – Cut Checks / Pay Employees • Update Employees’ Earnings Records • Record Journal Entry • Electronically Deposit “941” Taxes • Electronically Deposit Illinois SIT Withholding Tax

2. Payroll Class Review February • February Payrolls • Payroll Register – Cut Checks / Pay Employees • Update Employees’ Earnings Records • Record Journal Entry • Electronically Deposit “941” Taxes • Electronically Deposit Illinois SIT Withholding Tax

3. Payroll Class Review March • March Payrolls • Payroll Register – Cut Checks / Pay Employees • Update Employees’ Earnings Records • Record Journal Entry • Electronically Deposit “941” Taxes • Electronically Deposit Illinois SIT Withholding Tax

4. Payroll Class Review April • Quarterly Reports – 1st Quarter • Form 941 – Federal FICA/FIT Form • Form IL-941 – Illinois Quarterly SWT Form • Form UI-3/40 – Illinois SUTA Form & Payment • FUTA – if over $500, then electronically deposit. • April Payrolls • Payroll Register – Cut Checks • Update Employees’ Earnings Records • Record Journal Entry • Electronically Deposit“941” Taxes • Electronically Deposit Illinois SIT Withholding Tax

5. Payroll Class Review May • May Payrolls • Payroll Register – Cut Checks / Pay Employees • Update Employees’ Earnings Records • Record Journal Entry • Electronically Deposit“941” Taxes • Electronically Deposit Illinois SIT Withholding Tax

6. Payroll Class Review June • June Payrolls • Payroll Register – Cut Checks / Pay Employees • Update Employees’ Earnings Records • Record Journal Entry • Electronically Deposit“941” Taxes • Electronically Deposit Illinois SIT Withholding Tax

7. Payroll Class Review July • Quarterly Reports – 2nd Quarter • Form 941 – Federal FICA/FIT Form • Form IL-941 – Illinois Quarterly SWT Form • Form UI-3/40 – Illinois SUTA Form & Payment • FUTA – if over $500, then electronically deposit. • July Payrolls • Payroll Register – Cut Checks • Update Employees’ Earnings Records • Record Journal Entry • Electronically Deposit“941” Taxes • Electronically Deposit Illinois SIT Withholding Tax

8. Payroll Class Review August • August Payrolls • Payroll Register – Cut Checks / Pay Employees • Update Employees’ Earnings Records • Record Journal Entry • Electronically Deposit“941” Taxes • Electronically Deposit Illinois SIT Withholding Tax

9. Payroll Class Review September • September Payrolls • Payroll Register – Cut Checks / Pay Employees • Update Employees’ Earnings Records • Record Journal Entry • Electronically Deposit“941” Taxes • Electronically Deposit Illinois SIT Withholding Tax

10. Payroll Class Review October • Quarterly Reports – 2nd Quarter • Form 941 – Federal FICA/FIT Form • Form IL-941 – Illinois Quarterly SWT Form • Form UI-3/40 – Illinois SUTA Form & Payment • FUTA – if over $500, then electronically deposit. • October Payrolls • Payroll Register – Cut Checks • Update Employees’ Earnings Records • Record Journal Entry • Electronically Deposit“941” Taxes • Electronically Deposit Illinois SIT Withholding Tax

11. Payroll Class Review November • November Payrolls • Payroll Register – Cut Checks / Pay Employees • Update Employees’ Earnings Records • Record Journal Entry • Electronically Deposit“941” Taxes • Electronically Deposit Illinois SIT Withholding Tax

12. Payroll Class Review December • December Payrolls • Payroll Register – Cut Checks / Pay Employees • Update Employees’ Earnings Records • Record Journal Entry • Electronically Deposit“941” Taxes • Electronically Deposit Illinois SIT Withholding Tax

13. Payroll Class Review January • Quarterly Reports – 4th Quarter • Form 941 – Federal FICA/FIT Form • Form IL-941 – Illinois Quarterly SWT Form • Form UI-3/40 – Illinois SUTA Form & Payment • FUTA – if over $500, then electronically deposit. • Annual Reports • W2’s – Give to Employees by January 31st • W3 – Sent to SSA with W2’s by February 28th • Form 940 – Annual FUTA form by January 31st