Welcome to 2011. We certainly hope you had a joyful holiday season and a happy new year. The beginning of the year is always a busy time for employers since multiple payroll reports are due January 31st and February 28th. Here's a quick rundown.

Due January 31st:
• W2s to employees
• Form 941 - 4th Qtr Employer's Federal Tax Return for Withholding, etc.
• Form 940 - Federal Unemployment Tax Return
• Forms 1099 - Used to report various types of payments to the recipient
• Form DR 1094 - Colorado Withholding report
• Form UITR 1 - Colorado Unemployment Tax Return

Due February 28th:
• Form W3 - Transmittal form to accompany Forms W2 (due 3/31 if filing electronically)
• Form 1096 - Transmittal form to accompany Forms 1099
• Form DR 1093 - Transmittal form to accompany Colorado Forms W2

Also remember that your 4th quarter Form 1040-ES is due January 15th to pay the final quarterly installment of your estimated 2010 individual income tax.

Please be sure to call us if you have any questions regarding January and February reporting requirements. Additionally, get your 2010 tax information in to us AS SOON AS POSSIBLE to give us time to maximize all planning opportunities available. Happy New Year!!!