Business Taxes Every entrepreneur's favorite topic!

What are Business Taxes?
When do I need to file my Business Taxes?
Do I need to file my Business Taxes?

When are Business Taxes due:

SCorporations Business Taxes are due March 15th
Partnership Business Taxes are due March 15th
MultiMember LLCs Taxes as a Partnership are due March 15th

CCorporations Business Taxes are due April 15th
SIngleMember LLCs taxes are due April 15th
SoleProprietorships (Schedule C or Schedule R) taxes are due April 15th

Business Taxes need to be filed every year. Regardless if the company has generated income or even had a loss, you still want to file your Business Taxes. Business owners can often get a personal tax deduction if they have an operating tax loss.

Take advantage of the 6month tax extension offered by the IRS; it gives you time to file your taxes correctly. Even if you wait to pay, a lot of times filings taxes later can decrease your overall tax liability.

Make sure you sit down with your Accountant and discuss all of your business tax expenses, even the expenses you incurred prior to starting this company.

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