2024 Tax Deadlines For Miami Startups
Startup companies based in Miami have several important tax deadlines in 2024, including the April 15th federal and Florida tax return filings (which can be extended until October 15th). Additionally, Florida and the federal government have various tax filings due on the dates listed below.
Upcoming Miami deadlines in 2024
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Delaware Quarterly Estimated Franchise Tax, Pay 20% of estimated annual amount (if annual amount expected to exceed $5,000).
Total 28 Tax events for Miami in 2024
Click The Links To Learn More About These Filings And 2024 Miami Startup Tax Deadlines
- 2 Jan : Florida Estimated Corporate Income Tax payment due – Installment #4 (For Prior Year)
- 15 Jan : Federal Quarterly Estimated Tax 4th installment (fourth quarter 2023).
- 31 Jan : Send 1095-B and 1095-C forms to employees.
- 31 Jan : Miami 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 Miami 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 Miami startup will pay a minimum of $400, which increases if you have significant funding.
- 1 Apr : IRS ACA Compliance 1094-B, 1095-B, 1094-C, and 1095-C filings are due (e-file).
- 15 Apr : Due date for Miami 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 Miami startups are required to file this Federal form by this deadline unless they file an extension.
- 30 Apr : Miami startups can claim Research & Development Tax Credits on Form 941.
- 1 May : Florida Corporate Income Tax Return due date (can be extended to November 1).
- 31 May : Florida Estimated Corporate Income Tax payment due – Installment #1.
- 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).
- 30 Jun : Florida Estimated Corporate Income Tax payment due – Installment #2.
- 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).
- 30 Sep : Florida Estimated Corporate Income Tax payment due – Installment #3.
- 15 Oct : C Corp Form 1120 Tax Return final due date for Miami startups if extension was filed.
- 31 Oct : Claim your Research & Development Tax Credits on Form 941.
- 1 Nov : Extended due date for Florida Corporate Income Tax Return.
- 1 Dec : Delaware Quarterly Estimated Franchise Tax, Pay 20% of estimated annual amount (if annual amount expected to exceed $5,000).
- 31 Dec : Florida Estimated Corporate Income Tax payment due – Installment #4.
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Florida Estimated Corporate Income Tax payment due – Installment #4 (For Prior Year)
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Federal Quarterly Estimated Tax 4th installment (fourth quarter 2023).
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Miami 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.
-
IRS 30-day automatic extension: provide Form 1095-B and Form 1095C to employees.
-
Delaware Annual Franchise Report filing deadline. Your Miami startup will pay a minimum of $400, which increases if you have significant funding.
-
Due date for Miami 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 Miami startups are required to file this Federal form by this deadline unless they file an extension.
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Miami startups can claim Research & Development Tax Credits on Form 941.
-
Florida Corporate Income Tax Return due date (can be extended to November 1).
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Florida Estimated Corporate Income Tax payment due – Installment #1.
-
Delaware Quarterly Estimated Franchise Tax. Pay 40% of estimated annual amount (if annual amount expected to exceed $5,000).
-
Federal Quarterly Estimated Tax 2nd installment (second quarter 2024).
-
Florida Estimated Corporate Income Tax payment due – Installment #2.
-
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).
-
Federal Quarterly Estimated Tax 3rd installment (third quarter 2024).
-
Florida Estimated Corporate Income Tax payment due – Installment #3.
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C Corp Form 1120 Tax Return final due date for Miami startups if extension was filed.
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Claim your Research & Development Tax Credits on Form 941.
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Extended due date for Florida Corporate Income Tax Return.
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Delaware Quarterly Estimated Franchise Tax, Pay 20% of estimated annual amount (if annual amount expected to exceed $5,000).
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Florida Estimated Corporate Income Tax payment due – Installment #4.
Note: The federal tax deadline in 2024 falls on April 15. The federal extension deadline for 2024 is October 15. Most states usually follow the same calendar for state income tax returns.
If your Delaware C-Corp Miami funded startup needs tax help contact us today!
MIAMI, STARTUPS AND TAXES
Venture capital raised in Miami has steadily increased over the last several years, from $940 million in 2013 to $5.5 billion in 2022, according to Babson Magazine, and is consistently ranked first in the number of businesses started. Exits of $100 million or more increased from 2013-2021, with seven exits in 2019-2021, showing that the local startup community is maturing.
The most important taxing authorities for companies based in Miami are:
- Florida Department of Revenue
- Miami-Dade County Tax Collector’s Office
- City of Miami Businesses & Licenses
For Miami-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 Miami 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 3: Florida Estimated Corporate Income Tax Payment Due – Installment #4 (For Prior Year)
- JAN 31: Send 1099s to contractors. Send W2s to employees. E-file 1099-MISC for nonemployee compensation to the IRS on this date.
- JAN 31: File Form 8809 for a 30-day extension to file W2s and 1099-MISC for nonemployee compensation.
- JAN 31: Send 1095-B and 1095-C forms to employees.
- JAN 31: Claim R&D Tax Credits on Form 941, and file annual Federal Unemployment Tax Act (FUTA) return on Form 940.
- MAR 1: IRS ACA Compliance 1094-B, 1095-B, 1094-C and 1095-C filings are due if paper filing (due MAR 31 if e-filing). File Form 8809 for a 30-day extension.
- MAR 1: Delaware Annual Franchise Report filing deadline: Pay a minimum of $400, which increases if you have significant funding. You can estimate this franchise tax using our Delaware Franchise Tax Calculator.
- 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 (e-file).
- MAR 31: 1099s and W2s must be e-filed with the IRS by this due date.
- APR 18: 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 October 16*.
- APR 18: File the R&D Tax Credit Form 6765 with your tax return. Can extend to October 16*. 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.
- APR 18: Federal Quarterly Estimated Tax first installment.
- APR 18: Due date for making contributions to individual retirement accounts for 2022 (Employee Benefits)
- APR 30: Claim R&D Tax Credits on Form 941.
- APR 30: Florida Estimated Corporate Income Tax Payment due – Installment #1.
- MAY 1: Florida Corporate Income Tax Return due date (can be extended to November 1).
- MAY 30: Florida Estimated Corporate Income Tax Payment due – Installment #2.
- 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.
- JUL 31: Claim R&D 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).
- SEP 15: Federal Quarterly Estimated Tax third installment.
- SEP 30: Florida Estimated Corporate Income Tax Payment due – Installment #3.
- OCT 16: C Corp Form 1120 Tax Return final due date if extension was filed.
- OCT 31: Claim your Research and Development Tax Credits on Form 941.
- NOV 1: Extended due date for Florida Corporate Income Tax Return
- 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.