July 2022 Individual Due Dates

July 1 - Time for a Mid-Year Tax Check-Up

Time to review your 2022 year-to-date income and expenses to ensure estimated tax payments and withholding are adequate to avoid underpayment penalties.

July 11 - Report Tips to Employer

If you are an employee who works for tips and received more than $20 in tips during June, you are required to report them to your employer on IRS Form 4070 no later than July 11. Your employer is required to withhold FICA taxes and income tax withholding for these tips from your regular wages. If your regular wages are insufficient to cover the FICA and tax withholding, the employer will report the amount of the uncollected withholding in box 12 of your W-2 for the year. You will be required to pay the uncollected withholding when your return for the year is filed.

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A Passion For the Alcohol Industry

Breweries & Distilleries

Breweries & Distilleries Are Our Specialty

At Oak City Payments, we have a deep understanding of the unique financial challenges and opportunities faced by breweries and distilleries. With nearly 15 years of experience in the alcohol industry, our team is passionate about this specialized sector. We're here to make sure your business thrives, whether you're crafting small batch bourbon in Asheville or craft beer in Wilmington. We know North Carolina -- and we know alcohol.

Expertise in Brewery and Distillery Operations

Our founder, Allen Jackson, has a background in the alcohol industry. HIs passion drives our commitment to supporting breweries and distilleries at every stage of their journey. Whether you're a startup craft brewery or an established distillery, we have the knowledge and resources to address your payroll, payments, and accounting needs.

Comprehensive Solutions for Alcohol Businesses

From payroll services specifically tailored to the unique needs of breweries and distilleries to wholesale solutions designed to optimize inventory management, Oak City Payments offers a suite of services to support your business. Our goal is to alleviate administrative burdens by providing the tools and support you need to focus on what you do best—crafting exceptional brews and spirits.

Trusted Partner in the Alcohol Industry

Oak City Payments is proud to be a trusted partner for breweries and distilleries across the Tar Heel State.. With our deep industry knowledge and personalized service, we are dedicated to helping alcohol businesses succeed and thrive in an increasingly competitive market. Cheers to a long-term partnership!

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