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

!

Annual Report

Due Date:

1

st

day of the 4

th

month following the business year-end. For most, this is April 1.

Paid to:

Secretary of State

Business Tax License

Due Date:

15

th

of the 4

th

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 15

th

of the 4

th

month following the business year-end. For most, this is April 15.

Paid to:

State Department of Revenue

Tangible Personal Property Tax

Due Date:

Filing is due March 1

st

, but payment can be made anytime between October 1

st

and February 28

th

.

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 20

th

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 Revenue

Liquor by the Drink

Due Date:

Due the 15

th

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 Revenue

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.