2023 Tax Deadlines For Salt Lake City Startups
Salt Lake City startups have fewer tax deadlines than companies operating in many cities; other than the federal and state April 18th deadline, the other major dates revolve around the sales and use tax payments, the annual business license, and the Nov 30th propter tax deadline
Click The Links To Learn More About These Filings And 2023 Salt Lake City Tax Deadlines
How Much Does a Startup Tax Return Cost? Try Kruze Consulting's Tax Preparation Pricing Tool.
- JAN 31: Send 1099s to Contractors. Send W2s to employees. 1099-MISC for nonemployee compensation must also be e-filed to IRS on this date. Learn more about how you need to be careful sending 1099s to vendors here.
- 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.
- JAN 31: File your Sales and Use Tax Return. File Form TC-62S (Single Place of Business) or Form TC-62M (Multiple Places of Business).
- JAN 31*: Annual Sales and Use Tax payment due for annual filers. Q4 2019 Sales and Use Tax payment due for quarterly filers.
- Mar 1: IRS ACA 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 minimum of $400, which increases 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 (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. Can extend the deadline to October 16*.
- APR 18*: File Utah Corporation Franchise and Income Tax Return - Form TC-20. Can extend to October 16*.
- APR 18*: File Form 6765 with your tax return if you are using a Research and Development Tax Credit to reduce your payroll taxes. Can extend to October 16*.
- APR 18*: Federal Quarterly Estimated Tax first installment.
- APR 30: Claim R&D Tax Credits on Form 941.
- APR 30: Q1 Sales and Use Tax payment due for quarterly filers.
- 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 R&D Tax Credits on Form 941.
- JULY 31*: Q2 Sales and Use Tax payment due for quarterly filers.
- 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.
- OCT 16*: C-Corp Form 1120 Tax Return final due date if extension was filed.
- OCT 16*: Utah Corporation Franchise and Income Tax Return - Form TC-20 final due date if extension was filed.
- OCT 31*: Claim your R&D Tax Credits on Form 941.
- SEP 30: Q3 Sales and Use Tax payment due for quarterly filers.
- NOV 30: Last day to pay 2023 Salt Lake County Property Taxes without penalty.
- 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.
- ROLLING: Renew your Business License annually. Pay $20.
*Note: April 18 is the 2023 federal tax deadline for both small businesses and individuals, rather than April 15, which is a Saturday. When the tax deadline is on weekend or holiday, the deadline is moved to the next business day, and Monday, April 17, is Emancipation Day, a holiday recognized in the District of Columbia, where the Internal Revenue Service is headquartered. The federal extension deadline for 2023 is October 16, since October 15 falls on a Sunday. Most states usually follow the same calendar for state income tax returns.
How Much Does a Startup Tax Return Cost? Try Kruze Consulting’sTax Preparation Pricing Tool.
If your Delaware C-Corp Salt Lake City funded startup needs tax helpcontact us today!
SALT LAKE CITY, STARTUPS AND TAXES
According to Forbes, Utah offers a unique blend of elements in its technology ecosystem: a large network of people who have access to other people, knowledge, and capital. Strong technology and entrepreneurship programs at the University of Utah and Brigham Young University provide a strong talent base for startups, and there is a deep network of venture capital firms in the city. Salt Lake City also combines natural beauty with a low cost of living, making it very appealing to early-stage companies.
The most important taxing authorities for companies in Salt Lake City are:
Salt Lake City startups have fewer tax deadlines than companies operating in many cities; other than the Federal and State April 18th deadline, the other major dates revolve around the sales and use tax payments, the annual business license, and the property tax deadlines. See all the dates above.
2022 Tax Deadlines for Salt Lake City 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: File your Sales and Use Tax Return. File Form TC-62S (Single Place of Business) or Form TC-62M (Multiple Places of Business).
- 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 1: Annual Sales and Use Tax payment due for annual filers.
- 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 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 15: File Utah Corporation Franchise and Income Tax Return - Form TC-20. Can extend to OCT 15.
- APR 29: Claim R&D Tax Credits on Q1 Form 941.
- 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.
- 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 15: Utah Corporation Franchise and Income Tax Return Form TC-20 final due date if extension was filed.
- OCT 31: Claim your R&D Tax Credits on Q3 Form 941.
- NOV 30: Last day to pay Salt Lake County Property Taxes without penalty.
- 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.
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.