With tax season in full swing and April 15 quickly approaching, we’re hoping to save our friends time, countless Google searching and confusion, and are including a quick guide on when payments are due to the IRS, outlined below.

If you’re a small business, it’s easy to assume that the IRS isn’t paying attention, but that is incorrect. Small businesses are being audited more now than ever before. Even if your company is not yet making a profit, you need to have the right process in place, so you don’t fall behind on your tax responsibilities.

If you have not yet hired a tax advisor, you are still responsible for these deadlines, outlined below. So be sure to stay on top of them (or give us a ring, and we’ll take it off your plate)! 

2019 Tax Calendar
Worker Compensation Reporting	No matter the mix of your employees of both full-time and independent contractors, companies are required to withhold both federal and state income taxes from employee wages by the IRS. For independent contractors, your firm does not withhold taxes but instead, must report all payments. This report is submitted quarterly during the calendar year.
January 31, 2019	All employers are required to mail or email W-2 for all employees and to file that document with the IRS. You do not need to provide a W-2 for any independent contractors. Make yourself a note to send a copy of all employee’s W-2s to the IRS. Need help to determine which form to send, there are several 1099 vs. W-2 calculators available on the Internet.
February 15, 2019	All 1099s need to be issued to any independent contractors that received payments in 2018.
February 28, 2019	If you have any independent contractors that work for your business, this date is the deadline to file IRS Form 1096.
April 1, 2019	Electronic deadline for filing any 1099s is today.

Corporate Tax Return
Depending on how you have structured your small business will dictate when your company must file its tax structure. There are five popular forms of a business structure are sole proprietorship; Corporation (C corp); S Corporation; Partnership, and limited liability company.

Connect with a CPA or an attorney to review both the pros and cons of each structure. Once you know which terminology you fall under, you can use those dates for tax filing and reporting purposes.

2019 Corporate Tax Return Deadlines
March 15, 2019	If your small business is an S Corp or a partnership, this date is your deadline. Need an extension? You can file for one but your tax liability – the total amount of tax debt owed – is still due on this date.
April 15, 2019	For corporate tax returns, you will need to complete Form 1120 by this date. It is also the deadline for 2019 estimated tax payments for your business and 1st quarter 2019 estimated tax payments.
June 17, 2019	Deadline for 2nd quarter 2019 estimated tax payment.
September 15, 2019	Deadline for 3rd quarter 2019 estimated tax payment. Additionally, if your company is structured as an S Corp or a partnership and you received a 6-month extension, this date is the deadline.
October 15, 2019	If your company is structured as a Corporation, and you received a 6-month extension, this date is the deadline.
December 16, 2019	Deadline for 4th quarter 2019 estimated tax payment.

Individual Tax Return
This year, when you file your personal tax return, you will need to include Form 1040, especially business owners. Any income produced by your organization may generate income that needs to be indicated on your personal tax return.

Individual Tax Return Deadlines
January 15, 2019	Deadline for 2018 4th quarter estimated tax payments.
April 15, 2019	Deadline for individuals filing a 2018 tax return as we as pay any remaining tax liability due by this date. Need more time to complete your taxes? Fill out IRS Form 4868; however, your payment to the IRS is due by April 15th.  Also, if your company makes 2019 estimated tax payments for your personal taxes, this date is the deadline for the 1st quarter of 2019.
June 17, 2019	Deadline for 2nd quarter 2019 estimated tax payment.
September 16, 2019	Deadline for 3rd quarter 2019 estimated tax payment.
October 15, 2019	Granted a deadline for filing your taxes after completing the 4868? It’s now due on this date.
January 15, 2020	Deadline for 4th quarter 2019 estimated tax payment.

Taxes and deadlines go hand in hand. Depending on how your business is structured will determine when your taxes are due. Do not miss any of these important dates for both your business and personal taxes. Take time to place them in your calendar and set reminders so you don’t forget and end up paying tax fees and penalties.