Business owners are required to file taxes for their business each and every year, just like individuals. However, taxes for businesses have different tax deadlines based on the type of business that you run. Our accountant has outlined important 2019 tax deadlines for business owners to be mindful of to ensure that their taxes are filed on time:
- Partnership tax deadlines: March 15, 2019
- S Corporation tax deadlines: March 15, 2019
- C Corporation tax deadlines: April 15, 2019
- Sole Proprietor tax deadlines: April 15, 2019
- Non-profit tax deadlines: May 15, 2019
Our accountant would like to stress that these tax deadlines should be met if possible. However, there are extension options if needed.
In addition, our accountant recommends that you utilize an accountant more than just in tax season. Meeting with an experienced tax preparer routinely throughout the fiscal year can help you understand how you can impact your tax liability. Tax liability is the total amount of tax debt owed by a corporation (basically how much you owe the government). There are legal ways to go about reducing your tax liability that our account can help your business with if needed.
Contact Mobile Accounting Solutions & Financial Services LLC today to learn more about our business accounting services.