The taxes levied hereunder shall be payable in quarterly installments on or before the expiration of one month from the end of the quarter in which they accrue. If the taxpayer, excluding those filing under the Contracting Classification, can reasonably expect his tax liability to be less than one hundred dollars ($100.00) for the taxable year, such taxpayer does not have to file quarterly and may file only an annual return. The taxpayer shall, within one month from the expiration of each quarter or, for annual filers, one month from the, expiration of the calendar year, make out a return upon a form prescribed by the Treasurer showing the gross proceeds of sales, or gross income of business, trade or calling and sign, and mail the same, together with a remittance in the manner and form required by Section 711.08 for the amount of the tax to the office of the Treasurer. The Treasurer, if he deems necessary to insure payment of the tax, may require return and payment under this section for other than quarterly periods. (Passed 3-26-92.)