Are you on track with your business’s compliance deadlines? August just has a few key dates for payroll, taxes, benefits, and HR—check them out below.
Federal holidays
There are no federal holidays this month.
Tax and payroll compliance deadlines
Payroll tax deposits (for semi-weekly depositors)
Employers who file Forms 940 and 941 have to deposit payroll taxes on different schedules throughout the year.
If you report more than $50,000 in payroll taxes during the lookback period of July 1, 2023, to June 30, 2024, you’re considered a semi-weekly depositor, which means you follow the schedule below:
If payday for your employees is on… | Deposit employment taxes by… |
Wednesday | The following Wednesday |
Thursday | The following Wednesday |
Friday | The following Wednesday |
Saturday | The following Friday |
Sunday | The following Friday |
Monday | The following Friday |
Tuesday | The following Friday |
There’s one exception: if you accumulate $100,000 or more in tax liability on a single day, you must deposit the amount by the following business day, regardless of your usual deposit schedule.
To learn more about federal payroll tax deposits, read Publication 15.
It’s also a good idea to contact your state and local tax agencies to find out if you owe deposits for local payroll taxes.
August 11, 2025
Employee tip reporting deadline for July
If your employees collected tips of $20 or more during the month of July, they need to report those tips to you by August 11. You can learn more about tip withholding and reporting requirements here.
Form 941 extended filing deadline for people who made timely deposits
The second Form 941 for 2025 and the accompanying payroll tax payment were due on July 31. However, if you made the full deposit for the quarter on time, you automatically get additional time (10 days) to file the form. That means Form 941 is due August 11 if you made the full quarterly deposit on time. You can e-file through the EFTPS.
August 15, 2025
Payroll tax deposits for monthly depositors
If you’re on the monthly payroll tax deposit schedule (meaning that you reported less than $50,000 in payroll taxes during the lookback period), your tax deposit for July Social Security, Medicare, and withheld income tax is due on August 15.
Form 8038 filing deadline for tax-exempt private activity bonds
If your business issues tax-exempt private activity bonds, you have to file Form 8038 for bonds issued in the second quarter of 2025 by August 15. Per the IRS, you have to file Form 8038 by the 15th day of the second calendar month after the close of the calendar quarter in which the bond was issued. Forms 8038-B, 8038-G, and 8038-TC are also due at this time.
Make sure you file a separate form for each issue of the following tax-exempt private activity bonds issued after 1986:
Exempt facility bonds
Qualified mortgage bonds
Qualified veterans’ mortgage bonds
Qualified small issue bonds
Qualified student loan bonds
Qualified redevelopment bonds
Qualified hospital bonds
Qualified 501(c)(3) bonds
Nongovernmental output property bonds
All other tax-exempt private activity bonds
Send your forms to the following address:
Department of the Treasury
Internal Revenue Service Center
Ogden, UT 84201
HR compliance deadlines
August 14, 2025
Deadline to furnish second quarterly benefits statement to participants
If your business offers participant-directed retirement plans to your employees, you have to deliver benefit statements to plan participants on a quarterly basis (at a minimum). These documents are due within 45 days of the end of the previous quarter.
That means the second quarterly benefits statement, as well as a statement of plan fees and expenses charged to the participant’s plan account during the quarter, is due to participants by August 14.
