2021 Tax Deadlines For New York City Startups
In 2021, businesses in New York City have several important tax deadlines beyond the April 15th state and federal returns deadline. There are quarterly New York State and City estimated tax payment due dates, plus the January 31st NY State Payroll Form due date. The calendar below shares more important deadlines for New York companies in 2021.
Click the Links to Learn More About These Filings and New York Tax Deadlines
How Much Does a Startup Tax Return Cost? Try Kruze Consulting’s Tax Preparation Pricing Tool.
- JAN 31: Quarterly New York State Payroll Taxes Form NYS-45 deadline for prior year Q4.
- FEB 1: 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. Remember, while some payroll providers may provide 1099’s to contractors, they can miss important vendors (like law firms, ad agencies, etc.) that need to get 1099’s. Read more on why it makes sense to manage your 1099 process outside of your payroll provider.
- FEB 1: If you need an extension on your W2’s and 1099, then file Form 8809 for a 30-day extension to file W2’s and 1099-NEC for non-employee compensation. Carefully read to make sure you understand which Form 8809’s can be filed online.
- FEB 1: Send 1095-B and 1095-C forms to Employees.
- FEB 1: Claim your Research and Development Tax Credits on Form 941. These credits can reduce a startup’s payroll tax by up to $250,000 a year.
- FEB 1: File annual Federal Unemployment Tax Act (FUTA) tax return on Form 940.
- MAR 1: IRS Affordable Care Act Compliance 1094-B, 1095-B, 1094-C and 1095-C filings are due (if paper-filing, due APR 1 if eFiling). File Form 8809 for a 30-day extension.
- MAR 1: Delaware Annual Franchise Report filing deadline: Pay a min.of $400, and more if you have significant funding. Use the Kruze Delaware Franchise Tax calculator to estimate how much you owe, but work with your CPA to get the exact amount. Obviously, this assumes that your startup is a Delaware C-Corporation, as most startups are.
- MAR 2: IRS 30-day automatic extension: provide Form 1095-B and Form 1095-C to Employees.
- MAR 15: New York State and New York City estimated tax payments due for Q1.
- MAR 31: IRS ACA Compliance 1094-B, 1095-B, 1094-C and 1095-C filings are due (eFile).
- MAR 31:1099’s and W2’s must be e-filed with the IRS by this deadline.
- APR 15: C Corp Form 1120 Tax Return deadline. Can extend to OCT 15.
- APR 15: File the R&D Tax Credit Form 6765 with your tax return. Can extend to OCT 15.
- APR 15:Federal Quarterly Estimated Tax1st installment, assuming your business is making estimated quarterly tax payments.
- APR 15: New York State General Business Corporation Franchise Tax Form CT-3 due. Can extend to OCT 15.
- APR 30: Claim R&D Tax Credits on Form 941.
- APR 30: Quarterly NY State Payroll Taxes Form NYS-45 due for Q1.
- JUN 1: NYC Business Registration check for current status.
- 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 Tax2nd installment.
- JUN 15: New York State and NYC estimated tax payments due for Q2.
- AUG 2: Quarterly NY State Payroll Taxes Form NYS-45 due for Q2.
- AUG 2: 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 Tax3rd installment.
- SEP 15: New York State and NYC estimated tax payment due for Q3.
- OCT 15: C Corp Form 1120 Tax Return final due date if extension was filed.
- OCT 15: NY State General Business Corporation Franchise Tax Form CT-3 final due date/deadline if extension was filed.
- NOV 1: Quarterly NY State Payroll Taxes Form NYS-45 due for Q3.
- NOV 1: Claim your R&D Tax Credits by using Form 941.
- 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 Tax4th installment.
- DEC 15: New York State and NYC estimated tax payment deadline for Q4.
- ROLLING: NY Biennial Statement for Corporations (every 2 years in the month of original Application for Authority with NY State).
How Much Does a Startup Tax Return Cost? Try Kruze Consulting’s Tax Preparation Pricing Tool.
If you are a Delaware C-Corp New York funded startup that needs tax help, contact us today!
There are various tax credits that NY based companies should consider. While not many venture backed startups will be eligible for it, the New York Life Sciences Research and Development credit is one to ask your CPA about if you have biotech operations in New York.
2020 Tax Compliance Deadlines For New York Startups
2020 tax deadlines are supplied for reference purposes only, and should not be used when making decisions in 2020. Always consult your tax professional, and see our disclaimer below.
Attention - many tax deadlines have been postponed. Check with your tax CPA.
- JAN 31: Send 1099’s to Contractors. Send W2’s to Employees. 1099-MISC for nonemployee compensation must also be e-filed to IRS on this date.
- JAN 31: File Form 8809 for a 30-day extension to file W2’s and 1099-MISC for nonemployee compensation.
- JAN 31: Send 1095-B and 1095-C forms to Employees.
- JAN 31: Claim your R&D Tax Credits on Form 941 , and file annual FUTA return on Form 940 .
- JAN 31: Quarterly NY State Payroll Taxes Form NYS-45 deadline for 2019 Q4.
- FEB 28: IRS ACA Compliance 1094-B , 1095-B , 1094-C and 1095-C filings are due (if paper-filing, due APR 1 if eFiling). FileForm 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.
- MAR 2: IRS 30-day automatic extension: provide Form 1095-B and Form 1095-C to Employees.
- MAR 16: New York State and NYC estimated tax payments due for Q1 2020.
- APR 1: IRS ACA Compliance 1094-B , 1095-B , 1094-C and 1095-C filings are due (eFile).
- APR 1: 1099’s and W2’s must be e-filed with the IRS by this deadline.
- APR 15: C Corp Form 1120 Tax Return deadline. Can extend to OCT 15.
- APR 15: File the R&D Tax Credit Form 6765 with your tax return. Can extend to OCT 15.
- APR 15: New York State General Business Corporation Franchise Tax Form CT-3 due. Can extend to OCT 15.
- APR 30: Claim R&D Tax Credits on Form 941 .
- APR 30: Quarterly NY State Payroll Taxes Form NYS-45 due for 2020 Q1.
- JUN 1: NYC Business Registration check for current status.
- JUN 1: Delaware Quarterly Estimated Franchise Tax, Pay 40% of estimated annual amount (if annual amount expected to exceed $5,000)
- JUN 15: NY and NYC estimated tax payments due for 2020 Q2.
- JUL 31: Quarterly NY State Payroll Taxes Form NYS-45 due for 2020 Q2.
- 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: NY and NYC estimated tax payment due for 2020 Q3.
- OCT 15: C Corp Form 1120 Tax Return final due date if extension was filed.
- OCT 15: NY State General Business Corporation Franchise Tax Form CT-3 final due date/deadline if extension was filed.
- NOV 2: Quarterly NY State Payroll Taxes Form NYS-45 due for 2020 Q3.
- NOV 2: Claim your R&D Tax Credits on Form 941 .
- DEC 1: Delaware Quarterly Estimated Franchise Tax, Pay 20% of estimated annual amount (if annual amount expected to exceed $5,000)
- DEC 15: NY and NYC estimated tax payment deadline for 2020 Q4.
- ROLLING: NY Biennial Statement for Corporations (every 2 years in the month of original Application for Authority with NY State).
If you are a Delaware C-Corp New York funded startup that needs tax help, contact us today!
