There were a record number of new businesses created during the pandemic. This is great! However, many of those new business owners don’t know the tax due dates are different for certain Partnerships and Corporations. Personal taxes and taxes for LLC businesses are due on April 15th, but the tax deadline for S (subchapter) corporations is actually on March 15th.
If your business operates under a calendar year but you’re still new to the financial aspects of business ownership, you might have been unaware of this earlier due date. But don’t worry, if you’re not prepared to file taxes just yet, you have until March 15th to file for a tax extension using Form 7004.
Confused? Maybe panicking a little? You’re not alone. This is a very stressful and complicated aspect of owning a business. Finances usually are in general! But our team of accounting experts can help you through the process with professional tax planning services.
Integrated Accounting & Tax, LLC is a woman-owned accounting firm with services tailored to each client’s unique needs and goals. We guarantee that every service we provide is essential and propels your goal.
Contact us today for a free tax services consultation. We have locations in Prior Lake, MN, and Ft. Lauderdale, FL, and can provide service to surrounding areas.