2024 Tax Deadlines for New York City Startups
In 2024, 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 2024.
Upcoming New York City deadlines in 2024
Total 34 Tax events for New York City in 2024
Click The Links To Learn More About These Filings And 2024 New York City Startup Tax Deadlines
- 15 Jan : New York State and New York City estimated tax payments due for Q4 (prior year).
- 15 Jan : Federal Quarterly Estimated Tax 4th installment (fourth quarter 2023).
- 31 Jan : Quarterly New York State Payroll Taxes Form NYS-45 deadline for prior year Q4.
- 31 Jan : Send 1095-B and 1095-C forms to employees.
- 31 Jan : New York City 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 New York City 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 New York City 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 : New York State and New York City estimated tax payments due for Q1.
- 15 Apr : New York State General Business Corporation Franchise Tax Form CT-3 due. Can extend to October 15.
- 15 Apr : Due date for New York City 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 New York City startups are required to file this Federal form by this deadline unless they file an extension.
- 30 Apr : Quarterly New York State Payroll Taxes Form NYS-45 due for Q1.
- 30 Apr : New York City startups can claim Research & Development Tax Credits on Form 941.
- 1 Jun : NYC Business Registration check for current status.
- 1 Jun : Delaware Quarterly Estimated Franchise Tax. Pay 40% of estimated annual amount (if annual amount expected to exceed $5,000).
- 15 Jun : New York State and City of New York estimated tax payments due for Q2.
- 15 Jun : Federal Quarterly Estimated Tax 2nd installment (second quarter 2024).
- 31 Jul : Quarterly NY State Payroll Taxes Form NYS-45 due for Q2.
- 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 : New York State and City of New York estimated tax payment due for Q3.
- 15 Sep : Federal Quarterly Estimated Tax 3rd installment (third quarter 2024).
- 15 Oct : New York State General Business Corporation Franchise Tax Form CT-3 final due date/deadline if extension was filed.
- 15 Oct : C Corp Form 1120 Tax Return final due date for New York City startups if extension was filed.
- 31 Oct : Quarterly NY State Payroll Taxes Form NYS-45 due for Q3.
- 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).
- 15 Dec : New York State and NYC estimated tax payment deadline for Q4.
- Rolling: NY Biennial Statement for Corporations (every two years in the month of original Application for Authority with New York State).
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New York State and New York City estimated tax payments due for Q4 (prior year).
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Federal Quarterly Estimated Tax 4th installment (fourth quarter 2023).
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Quarterly New York State Payroll Taxes Form NYS-45 deadline for prior year Q4.
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New York City 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.
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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 New York City startup will pay a minimum of $400, which increases if you have significant funding.
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New York State and New York City estimated tax payments due for Q1.
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New York State General Business Corporation Franchise Tax Form CT-3 due. Can extend to October 15.
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Due date for New York City startup employees to make contributions to Individual Retirement Accounts (IRAs) for 2023 (Employee Benefits).
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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).
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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 New York City startups are required to file this Federal form by this deadline unless they file an extension.
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Quarterly New York State Payroll Taxes Form NYS-45 due for Q1.
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New York City startups can claim Research & Development Tax Credits on Form 941.
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NYC Business Registration check for current status.
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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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New York State and City of New York estimated tax payments due for Q2.
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Federal Quarterly Estimated Tax 2nd installment (second quarter 2024).
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Quarterly NY State Payroll Taxes Form NYS-45 due for Q2.
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Claim Research & Development Tax Credits on Form 941 .
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Delaware Quarterly Estimated Franchise Tax. Pay 20% of your estimated annual amount (if annual amount expected to exceed $5,000).
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New York State and City of New York estimated tax payment due for Q3.
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Federal Quarterly Estimated Tax 3rd installment (third quarter 2024).
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New York State General Business Corporation Franchise Tax Form CT-3 final due date/deadline if extension was filed.
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C Corp Form 1120 Tax Return final due date for New York City startups if extension was filed.
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Quarterly NY State Payroll Taxes Form NYS-45 due for Q3.
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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).
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New York State and NYC estimated tax payment deadline for Q4.
NY Biennial Statement for Corporations (every two years in the month of original Application for Authority with New York State).
Note: Most states usually follow the federal calendar when setting state income tax return deadlines. The federal tax deadline in 2024 falls on April 15. The federal extension deadline for 2024 is October 15.
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!
NEW YORK CITY, STARTUPS AND TAXES
New York City is acknowledged as the world capital for finance and business. New York City’s tech ecosystem is home to more than 9,000 startups, and has more than 100 incubators, according to Tech:NYC. New York was second only to California in startup investment in 2022, boasting $29.2 billion invested in over 2,000 startups. New York City boasts a deep talent pool, with more than 120 universities, and 238 tech education and training organizations across the five boroughs.
The most important taxing authorities for companies in New York City are:
In 2024, 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 NY State Payroll Form due date. The calendar above shares more important deadlines for New York companies in 2024.
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.
2023 Tax Deadlines For New York City 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 to employees. E-file 1099-MISC for nonemployee compensation with the IRS on this date. Remember, while some payroll providers may provide 1099s to contractors, they can miss important vendors (like law firms, ad agencies, etc.) that need to get 1099s. Read more on why it makes sense to manage your 1099 process outside of your payroll provider.
- JAN 31: If you need an extension on your W2 s and 1099, then file Form 8809 for a 30-day extension to file W2s and 1099-MISC for non-employee compensation. Carefully read to make sure you understand which Form 8809s can be filed online.
- JAN 31: Send 1095-B and 1095-C forms to employees.
- JAN 31: Claim your R&D Tax Credits on Form 941. These credits can reduce a startup’s payroll tax by up to $250,000 a year.
- JAN 31: File annual Federal Unemployment Tax Act (FUTA) tax return on Form 940.
- JAN 31: Quarterly New York State Payroll Taxes Form NYS-45 deadline for prior year Q4.
- FEB 15: Hurricane Ida Victims’ Extended Deadline for filing and payment obligations from January 1 to February 14.
- MAR 1: IRS Affordable Care Act Compliance 1094-B, 1095-B, 1094-C and 1095-C filings are due for paper filing (due April 1 if e-filing). File Form 8809 for a 30-day extension.
- MAR 1: Delaware Annual Franchise Report filing deadline for Delaware C-Corporations: Pay a minimum of $400, which increases 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.
- 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 (e-file).
- MAR 31: 1099s and W2s must be e-filed with the IRS by this deadline.
- APR 18*: C Corp Form 1120 Tax Return deadline. Can extend to October 16*.
- APR 18*: File the R&D Tax Credit Form 6765 with your tax return. Can extend to October 16*.
- APR 18*: Federal Quarterly Estimated Tax first installment.
- APR 18*: New York State General Business Corporation Franchise Tax Form CT-3 due. Can extend to October 16*.
- 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 Tax second installment.
- JUN 15: New York State and NYC estimated tax payments due for Q2.
- JULY 31*: Quarterly NY State Payroll Taxes Form NYS-45 due for Q2.
- JULY 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 15: New York State and NYC estimated tax payment due for Q3.
- OCT 16*: C Corp Form 1120 Tax Return final due date if extension was filed.
- OCT 16*: NY State General Business Corporation Franchise Tax Form CT-3 final due date/deadline if extension was filed.
- OCT 31*: Quarterly NY State Payroll Taxes Form NYS-45 due for Q3.
- OCT 31*: 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 Tax fourth installment.
- DEC 15: New York State and NYC estimated tax payment deadline for Q4.
- ROLLING: NY Biennial Statement for Corporations (every two years in the month of original Application for Authority with New York State).
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.
