Missing key tax deadlines can lead to penalties and cash flow headaches. Stay ahead by understanding important dates and implementing smart filing strategies. Here’s what every business owner should know:
Important Tax Deadlines for 2025
- January 31: Deadline to send W-2s to employees and 1099-NEC forms to independent contractors.
- March 15: Filing deadline for S-corporations and partnerships.
- April 15: Deadline for individual and C-corporation tax returns, as well as the first quarterly estimated tax payment.
- June 15, September 15, and January 15 (next year): Remaining quarterly tax deadlines.
Filing Tips to Avoid Penalties
- Organize Your Records Early: Gather receipts, invoices, and financial statements to avoid a last-minute scramble.
- File Electronically: E-filing reduces errors and speeds up processing time.
- Consider an Extension: If you’re unable to file by the deadline, request an extension to avoid penalties for late filing.
- Use a CPA’s Expertise: A tax professional can help ensure accuracy and identify deductions you might miss.
Staying informed about deadlines and implementing proactive filing strategies can save your business time and money. Be sure to mark key deadlines on your calendar, and work with your CPA to ensure that your filings are accurate.
If you have questions about upcoming deadlines, leave a comment below or feel free to contact me directly. I’m happy to help!