January 2024 Sun Mon Tue Wed Thu Fri Sat 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 A B C D KEY DEADLINES D Jan. 31, 2024—File Form 940, Employer’s Annual A Jan. 31, 2024—File and Furnish Forms W-2 Federal Unemployment (FUTA) Tax Return File Forms W-2 with the Social Security Administration by Jan. File Form 940 with the IRS by Jan. 31, 2024, to report taxable 31, 2024. Companies may request a 30-day filing extension by FUTA wages paid in 2023. If your company deposited all its using Form 8809, but extensions will only be granted in limited FUTA tax when it was due, the filing deadline is extended to cases for extraordinary circumstances or catastrophes. Forms Feb. 10, 2024. However, since Feb. 10, 2024, is a Saturday, W-2 must also be furnished to employees on or before Jan. the extended deadline is the next business day, which is Feb. 31, 2024. 12, 2024. B Jan. 31, 2024—File and Furnish Forms 1099-NEC, COMPLIANCE REMINDERS Nonemployee Compensation As 2024 begins, review your company’s compliance with File Forms 1099-NEC with the IRS by Jan. 31, 2024, if your federal, state and local employment laws, including any new company made payments totaling $600 or more for services requirements. This review should include: performed by nonemployees, such as independent contrac- • Checking that workplace posters are up to date. tors, in 2023. A 30-day filing extension may be requested • Verifying minimum wage and overtime requirements by using Form 8809, but extensions will only be granted in and updating the wage base limit for withholding. limited cases for extraordinary circumstances or catastro- • Reviewing procedures for completing Form I-9 phes. Companies must also furnish statements to the nonem- (Employment Eligibility Verification). ployees on or before Jan. 31, 2024. • Confirming employee leave policies are consistent with Jan. 31, 2024—File Form 941, Employer’s federal, state and local leave requirements. C Quarterly Federal Tax Return • Reviewing any new fair employment law protections and File Form 941 with the IRS by Jan. 31, 2024, to report the incorporating changes into employee training. federal income tax, social security tax and Medicare tax you • Updating the employee handbook and employment withheld from your employees’ pay during the fourth quarter policies as necessary. of 2023 (October, November and December). If your company • Making a schedule for any required workplace training, timely deposited all taxes when they were due, the filing such as sexual harassment training. deadline is extended to Feb. 10, 2024. However, since Feb. 10, • Reviewing recruitment and compensation practices 2024, is a Saturday, the extended deadline is the next busi- to ensure they are consistent with any applicable pay ness day, which is Feb. 12, 2024. transparency laws. 3