2024 Tax Deadlines for Austin Startups
For Austin-based businesses, the critical tax deadlines in 2024 include the April 15th state and federal tax return deadlines (which can be extended until October 15th) and the various federal and state filings listed in the calendar below. Add the calendar to your ical by clicking to the right.
Upcoming Austin deadlines in 2024
Total 27 Tax events for Austin in 2024
Click The Links To Learn More About These Filings And 2024 Austin Startup Tax Deadlines
- 15 Jan : Federal Quarterly Estimated Tax 4th installment (fourth quarter 2023).
- 31 Jan : Prior year Travis County Property Taxes deadline.
- 31 Jan : Send 1095-B and 1095-C forms to employees.
- 31 Jan : Austin startups should send 1099s to contractors. Send W2s to employees and e-file 1099-MISC for non-employee compensation with the IRS. Or file Form 8809 for a 30-day extension to file W2s and 1099-MISC for non-employee compensation.
- 31 Jan : Claim Research & Development Tax Credits on Form 941, and file annual Federal Unemployment Tax Act (FUTA) return on Form 940. Use our handy calculator to estimate your possible research and development tax credit.
- 28 Feb : For Austin startups, IRS ACA Compliance 1094-B, 1095-B, 1094-C, and 1095-C filings are due (if paper-filing, due April 1 if eFiling). File Form 8809 for a 30-day extension.
- 1 Mar : IRS 30-day automatic extension: provide Form 1095-B and Form 1095C to employees.
- 1 Mar : Delaware Annual Franchise Report filing deadline. Your Austin startup will pay a minimum of $400, which increases if you have significant funding.
- 31 Mar : 1099s and W2s must be e-filed with the IRS by this due date.
- 1 Apr : IRS ACA Compliance 1094-B, 1095-B, 1094-C, and 1095-C filings are due (e-file).
- 15 Apr : File Travis Central Appraisal District Business Personal Property Rendition (may be extended to May 15) – this is special for Austin area companies.
- 15 Apr : Due date for Austin startup employees to make contributions to Individual Retirement Accounts (IRAs) for 2023 (Employee Benefits).
- 15 Apr : File the R&D Tax Credit Form 6765 with your tax return. Can extend to October 15. We strongly recommend working with a qualified CPA to prepare this form in conjunction with your Form 1120 if you are a high-growth startup – if your company is going to be acquired by a major technology company, that company’s CFO will use a strong tax team to do due diligence on this.
- 15 Apr : Federal Quarterly Estimated Tax 1st installment (first quarter 2024).
- 15 Apr : C Corp Form 1120 Tax Return due. The Federal Form 1120 is the U.S. Corporation Income Tax Return, which the IRS has companies use to report their income, losses, credits, etc., and to figure the income tax liability of the corporation. Can extend the deadline to Oct. 15. All Austin startups are required to file this Federal form by this deadline unless they file an extension.
- 30 Apr : Austin startups can claim Research & Development Tax Credits on Form 941.
- 15 May : Travis Central Appraisal District Business Personal Property Rendition final due date.
- 15 May : Texas Franchise Tax Forms 05-158, Public Information Report Form 05-102, Ownership Information Report Form 05-167, and Research & Development Activities Credits Schedule Form 05-178 due. (May be extended to January 31.)
- 1 Jun : Delaware Quarterly Estimated Franchise Tax. Pay 40% of estimated annual amount (if annual amount expected to exceed $5,000).
- 15 Jun : Federal Quarterly Estimated Tax 2nd installment (second quarter 2024).
- 31 Jul : Claim Research & Development Tax Credits on Form 941 .
- 1 Sep : Delaware Quarterly Estimated Franchise Tax. Pay 20% of your estimated annual amount (if annual amount expected to exceed $5,000).
- 15 Sep : Federal Quarterly Estimated Tax 3rd installment (third quarter 2024).
- 15 Oct : Texas Franchise Tax Forms 05-158, Public Information Report Form 05-102, Ownership Information Report Form 05-167, and Research & Development Activities Credits Schedule Form 05-178 final due date if extension was filed.
- 15 Oct : C Corp Form 1120 Tax Return final due date for Austin startups if extension was filed.
- 31 Oct : Claim your Research & Development Tax Credits on Form 941.
- 1 Dec : Delaware Quarterly Estimated Franchise Tax, Pay 20% of estimated annual amount (if annual amount expected to exceed $5,000).
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Federal Quarterly Estimated Tax 4th installment (fourth quarter 2023).
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Prior year Travis County Property Taxes deadline.
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Austin startups should send 1099s to contractors. Send W2s to employees and e-file 1099-MISC for non-employee compensation with the IRS. Or file Form 8809 for a 30-day extension to file W2s and 1099-MISC for non-employee compensation.
-
Claim Research & Development Tax Credits on Form 941, and file annual Federal Unemployment Tax Act (FUTA) return on Form 940. Use our handy calculator to estimate your possible research and development tax credit.
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IRS 30-day automatic extension: provide Form 1095-B and Form 1095C to employees.
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Delaware Annual Franchise Report filing deadline. Your Austin startup will pay a minimum of $400, which increases if you have significant funding.
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File Travis Central Appraisal District Business Personal Property Rendition (may be extended to May 15) – this is special for Austin area companies.
-
Due date for Austin startup employees to make contributions to Individual Retirement Accounts (IRAs) for 2023 (Employee Benefits).
-
File the R&D Tax Credit Form 6765 with your tax return. Can extend to October 15. We strongly recommend working with a qualified CPA to prepare this form in conjunction with your Form 1120 if you are a high-growth startup – if your company is going to be acquired by a major technology company, that company’s CFO will use a strong tax team to do due diligence on this.
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Federal Quarterly Estimated Tax 1st installment (first quarter 2024).
-
C Corp Form 1120 Tax Return due. The Federal Form 1120 is the U.S. Corporation Income Tax Return, which the IRS has companies use to report their income, losses, credits, etc., and to figure the income tax liability of the corporation. Can extend the deadline to Oct. 15. All Austin startups are required to file this Federal form by this deadline unless they file an extension.
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Austin startups can claim Research & Development Tax Credits on Form 941.
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Texas Franchise Tax Forms 05-158, Public Information Report Form 05-102, Ownership Information Report Form 05-167, and Research & Development Activities Credits Schedule Form 05-178 due. (May be extended to January 31.)
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Delaware Quarterly Estimated Franchise Tax. Pay 40% of estimated annual amount (if annual amount expected to exceed $5,000).
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Federal Quarterly Estimated Tax 2nd installment (second quarter 2024).
-
Claim Research & Development Tax Credits on Form 941 .
-
Delaware Quarterly Estimated Franchise Tax. Pay 20% of your estimated annual amount (if annual amount expected to exceed $5,000).
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Federal Quarterly Estimated Tax 3rd installment (third quarter 2024).
-
Texas Franchise Tax Forms 05-158, Public Information Report Form 05-102, Ownership Information Report Form 05-167, and Research & Development Activities Credits Schedule Form 05-178 final due date if extension was filed.
-
C Corp Form 1120 Tax Return final due date for Austin startups if extension was filed.
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Claim your Research & Development Tax Credits on Form 941.
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Delaware Quarterly Estimated Franchise Tax, Pay 20% of estimated annual amount (if annual amount expected to exceed $5,000).
Note: The federal tax deadline in 2024 falls on April 15 and the extension deadline is October 15. Most states usually follow the same calendar for state income tax returns.
How Much Does a Startup Tax Return Cost? Try Kruze Consulting’s Tax Preparation Pricing Tool
If your Delaware C-Corp Austin funded startup needs tax help contact us today!
How do you make an online corporate tax franchise payment for the state of Texas?
You can make an online corporate franchise tax payment for the state of Texas by visiting the Texas Comptroller website. On the website, you can select the “Web file” option and enter your company ID to make the payment. Click here to visit the Texas Comptroller site - check to make sure the year of the URL corresponds with year of franchise tax that you need to file/pay.
AUSTIN, STARTUPS AND TAXES
Austin is a highly entrepreneurial city that’s becoming home to more and more startups. According to StartupSavant.com, in 2023 Austin was home to about 5,500 startups in industries that include technology, health care, and ecommerce. In 2022, the Austin Chamber of Commerce launched a web-based tool to provide data and resources to Austin’s startup ecosystem. Austin was ranked by U.S. News & World Report as the Best Place to live from 2017-2019.
The most important taxing authorities for companies based in Austin are:
For Austin based businesses, the critical tax deadlines in 2024 include the April 15th state and federal tax return deadlines (which can be extended until October 15th) and the various federal and state filings listed in the calendar above.
Last Year's Tax Deadlines For Austin Startups
2023 startup tax deadlines are supplied for reference purposes only, and should not be used when making decisions in 2024 or beyond. Always consult your tax professional, and see our disclaimer below.
- JAN 31: Send 1099s to contractors, send W2s toemployees, and file 1099-MISC for nonemployee compensation with the IRS.
- JAN 31: For a 30-day extension to file W2s and 1099-MISC for nonemployee compensation, file Form 8809.
- JAN 31: Send 1095-B and 1095-C forms to employees.
- JAN 31: Claim Research & Development Tax Credits on Form 941, and file annual Federal Unemployment Tax Act (FUTA) return on Form 940.
- JAN 31: Prior year Travis County Property Taxes deadline.
- MAR 1: IRS ACA Compliance 1094-B, 1095-B, 1094-C and 1095-C filings are due (if paper-filing, due March 31 if eFiling). File Form 8809 for a 30-day extension.
- MAR 1: Delaware Annual Franchise Report filing deadline requiring minimum payment of $400, and more if you have significant funding.
- MAR 2: IRS 30-day automatic extension, provide Form 1095-B and Form 1095-C to employees.
- MAR 31: IRS ACA Compliance 1094-B, 1095-B, 1094-C and 1095-C filings are due (eFile).
- MAR 31: 1099s and W2s must be e-filed with the IRS by this due date.
- APR 1: PT-50P Tangible Personal Property Tax Return filed with county tax commissioner.
- APR 18*: C Corp Form 1120 Tax Return due. Can extend the deadline to October 16*.
- APR 18*: File the R&D Tax Credit Form 6765 with your tax return. Deadline can be extended to OCT 16*.
- APR 18*: Federal Quarterly Estimated Tax first installment.
- APR 18*: File Travis Central Appraisal District Business Personal Property Rendition (May be extended to May 15) – this is special for Austin area companies.
- APR 30: Claim Research & Development Tax Credits on Form 941.
- MAY 15: TX Franchise Tax Forms 05-158, Public Information Report Form 05-102, Ownership Information Report Form 05-167, and Research & Development Activities Credits Schedule Form 05-178 due. (May be extended to January 31*.)
- MAY 15: Travis Central Appraisal District Business Personal Property Rendition final due date.
- JUN 1: Delaware Quarterly Estimated Franchise Tax. Pay 40% of estimated annual amount (if annual amount expected to exceed $5,000)
- JUN 15: Federal Quarterly Estimated Tax second installment.
- JULY 31*: Claim Research & Development Tax Credits on Form 941.
- SEP 1: Delaware Quarterly Estimated Franchise Tax. Pay 20% of estimated annual amount (if annual amount expected to exceed $5,000)
- OCT 16*: C Corp Form 1120 Tax Return final due date if extension was filed.
- SEP 15: Federal Quarterly Estimated Tax third installment.
- OCT 31*: Claim your R&D Tax Credits on Form 941.
- OCT 16*: TX Franchise Tax Forms 05-158, Public Information Report Form 05-102, Ownership Information Report Form 05-167, and Research & Development Activities Credits Schedule Form 05-178 final due date if extension was filed.
- DEC 1: Delaware Quarterly Estimated Franchise Tax. Pay 20% of estimated annual amount (if annual amount expected to exceed $5,000)
- DEC 15: Federal Quarterly Estimated Tax fourth installment.
View tax compliance dates for Atlanta, Austin, Boston, Chicago, Dallas, Miami, Mountain View, New York City, Palo Alto, Salt Lake City, San Francisco, San Jose, Santa Monica, Seattle, and Washington DC
How Much Does a Startup Tax Return Cost? Try Kruze Consulting's Tax Preparation Pricing Tool.
How much can your startup save in payroll taxes? Estimate your R&D tax credit using our free calculator.
