2023 Tax Deadlines for Austin Startups

• 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.

*Note: When the tax deadline is on weekend or holiday, the deadline is moved to the next business day. However, Monday, April 17, is Emancipation Day, a holiday recognized in the District of Columbia, where the Internal Revenue Service is headquartered. The federal tax deadline in 2023 falls on April 18, rather than April 15. since October 15 falls on a Sunday the federal extension deadline for 2023  is October 16. 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!

AUSTIN, STARTUPS AND TAXES

Austin is a highly entrepreneurial city that’s becoming home to more and more startups. 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 byU.S. News & World Report as the Best Place to live from 2017-2019.

The most important taxing authorities for companies based in Austin are: 

• Texas Comptroller of Public Accounts 
• Travis County Tax Office 
• City of Austin

For Austin based businesses, the critical tax deadlines in 2023 include the April 18th state and federal tax return deadlines (which can be extended until Oct 16th) and the various federal and state filings listed in the calendar above.

2022 Tax Deadlines for Austin Startups

2022 startup tax deadlines are supplied for reference purposes only, and should not be used when making decisions in 2023 or beyond. Always consult your tax professional, and see our disclaimer below.

• JAN 31: Prior year Travis County Property Taxes deadline.
• JAN 31: Send 1099’ s to Contractors. Send W2’s to Employees. 1099-NEC for nonemployee compensation must also be e-filed to IRS on this date.
• JAN 31: Send 1095-B and 1095-C forms to Employees.
• JAN 31: Claim Research and Development Tax Credits on Prior Year Q4 Form 941, and file annual FUTA return on Form 940.
• FEB 28: W-2 and 1099-MISC, 1099-NEC filings are due on this deadline if paper-filing (due MAR 31 if e-Filing). File Form 8809 for a 30-day extension.
• FEB 28: IRS ACA Compliance 1094-B , 1095-B 1094-C and 1095-C filings are due on this deadline (if paper-filing, due MAR 31 if eFiling). File Form 8809 for a 30-day extension.
• MAR 1: Delaware Annual Franchise Report filing deadline: Pay a min. of $400, +more if you have significant funding.
• APR 15: C Corp Form 1120 Tax Return deadline. Can extend to OCT 15 with submission of form 7004.
• APR 1: File Travis Central Appraisal District Business Personal Property Rendition (May be extended to MAY 15) (this is special for Austin area companies).
• APR 15: File the R&D Tax Credit Form 6765with your tax return. Can extend to OCT 15 as mentioned above.
• APR 15:  Federal Quarterly Estimated Tax 1st installment.
• APR 29: Claim R&D Tax Credits on Q1 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 NOV 15).
• MAY 15: Travis Central Appraisal District Business Personal Property Rendition final due date.
• JUN 1: Delaware Quarterly Estimated Franchise Tax deadline, Pay 40% of estimated annual amount (if annual amount expected to exceed $5,000).
• JUN 15:  Federal Quarterly Estimated Tax 2nd installment.
• JUL 29: Claim R&D Tax Credits on Q2 Form 941.
• AUG 15: First extension (if tax owed) due date if extension was filed for: TX Franchise Tax - Annual Report Form 05-158, Public Information Report Form 05-102, Ownership Information Report Form 05-167, and Research & Development Activities Credits Schedule Form 05-178.
• SEP 1: Delaware Quarterly Estimated Franchise Tax deadline, Pay 20% of estimated annual amount (if annual amount expected to exceed $5,000).
• SEP 15: Federal Quarterly Estimated Tax 3rd installment.
• OCT 15: C Corp Form 1120 Tax Return final due date if extension was filed.
• OCT 31: Claim your R&D Tax Credits on Q3 Form 941.
• NOV 15: Second extension (or first if no tax owed) due date if extension was filed for: TX Franchise Tax - Annual Report Form 05-158, Public Information Report Form 05-102, Ownership Information Report Form 05-167, and Research & Development Activities Credits Schedule Form 05-178.
• 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 4th installment.
• ROLLING: Renew your business license annually (if applicable and your business is required to obtain a TX business license).