Upcoming Tax Deadlines To Mark On Your Calendar
For business owners, we understand how hard it can be to keep track of all the different taxes that are due throughout the year. For your convenience, we’ve compiled a comprehensive list below. Go ahead and put these into your calendar as repeating events to help you stay on track – or if you'd rather have a tax expert handle it all for you, schedule a call with us instead!
Due Date: 1st day of the 4th month following the business year-end. For most, this is April 1.
Paid to: Secretary of State
Hiring a bookkeeper, CPA, and/or financial advisor for your small business will help you stay on top of your taxes without taking up the additional headspace you need to run your business. At Two Roads, we do your books so you can do everything else. Learn more about the financial services we provide or get a price today.
Annual Report
Due Date: 1st day of the 4th month following the business year-end. For most, this is April 1.
Paid to: Secretary of State
Business Tax License
Due Date: 15th of the 4th month following the business year-end. For most, this is April 15. Paid to: State Department of Revenue *Note: This is privilege tax of doing business based on your business’s location. Some businesses may fall within the city limits and therefore will have to pay this tax for both city AND county.Franchise & Excise Tax
Due Date: This tax is filed annually, but paid quarterly based on income. Payment schedules should be provided to you by your CPA (Certified Personal Accountant – Don't have one? Let's talk). Final payment and filing are due the 15th of the 4th month following the business year-end. For most, this is April 15. Paid to: State Department of RevenueTangible Personal Property Tax
Due Date: Filing is due March 1st, but payment can be made anytime between October 1st and February 28th. Paid to: City & County *Note: This is a tax based on a business’s fixed asset holdings. You will receive a bill from the city and county based on your business’s location for the previous years and a Tangible Personal Property Tax schedule to file with your current asset holding. You could receive up to three notices around year-end regarding this tax.Sales Tax
Due Date: Due the 20th of each month for the previous month of sales or services. Rates and filing methods vary by state and county. Most services are exempt from this tax, but it is always best to check the tax code to verify! Paid to: State Department of RevenueLiquor by the Drink
Due Date: Due the 15th of each month for the previous month of alcohol and wine sales. Rates and filing methods vary by state and county. Paid to: State Department of RevenueHiring a bookkeeper, CPA, and/or financial advisor for your small business will help you stay on top of your taxes without taking up the additional headspace you need to run your business. At Two Roads, we do your books so you can do everything else. Learn more about the financial services we provide or get a price today.