Many individual taxpayers look with trepidation toward the tax filing deadline of April 15 each year. Once they get their taxes in order and get them filed, they breathe a sigh of relief, knowing that most of the tax work is done until the next year.
But for small business owners and the self-employed, there are other tax filing deadlines to look forward to (aka worry about). If you missed the original filing deadline and filed an extension instead, you’ll want to make sure you have your taxes in order now. Tax filing deadlines are looming on the horizon.
Upcoming Tax Deadlines for Small Business
Here’s a quick run-down of the upcoming tax extension filing deadlines for small businesses and the self-employed, including independent contractors. If any of these apply to you and you’re not ready to file, give us a call at Adams Accounting Solutions. We’ll be glad to help you out!
September 15: If your business is classified as an S-corporation or a partnership and you filed a six-month extension back in March, your taxes are due on September 15, just a few days away. If you miss this date, interest and penalties will apply.
October 15: If your business is classified as a C-corporation or an LLC and you filed a six-month extension back in April, you have until October 15 to get your taxes prepared and filed. If you miss it, you’ll be required to pay penalties, interest, and any remaining taxes not paid in April when you filed the extension.
Upcoming Tax Deadlines for the Self-Employed
October 15: If you’re self-employed and classified as a sole proprietorship, you have until October 15 to get your taxes filed if you requested an extension back in April. Again, penalties and interest will accrue if you miss this deadline.
Other Deadlines
There are a couple of other deadlines that small business owners might want to keep in mind. If you’re a sole proprietor, LLC member, partner, or independent contractor, you’re required to pay estimated quarterly taxes. The payment deadline for third quarter estimated tax payments is September 15.
The Q4 payment deadline for C-corporations only is December 15. For all other business entities, the Q4 payment isn’t due until January 18, 2022.
Confusing Enough?
If all these dates and deadlines make your head spin, give us a call at Adams Accounting Solutions, Our job is to keep track of all this for you and help ensure that your taxes are filed on time, every time. We specialize in small business tax preparation. We’ll help you work through the confusion when it comes to tax planning and preparation. Give us a call at 913-888-9100 to schedule an appointment today!
