Top news today, estimated tax payments are due soon. As business owners, you are required to make quarterly estimated tax payments. The deadlines for these quarterly payments are April 15th, June 15th, September 15th, and January 15th of the following year.
Make sure you send your check by September 15th to avoid any underpayment penalties!
If you have filed an extension for your tax return for either an S Corporation or Partnerships, both types of tax returns are due by September 15th. There are no further extensions after that.
If you have a profitable business, you need to consider tax planning before December 31st, 2021. Tax planning will help you get the most out of your profits and minimize your tax bill legally.
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DISCLAIMER:
Tax Tips discussed here were prepared for the purpose of this video. To apply these strategies, please consult with your CPA or professional tax preparer.
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