2022 Tax Deadlines For San Francisco Startups

In 2022, San Francisco has many, unique corporate tax deadlines beyond the traditional April 15th tax return date. Important filing deadlines include the San Francisco Gross Receipts filing deadline of February 28 and the April 1st business property tax filing. Estimated tax payments due dates include April 30th, August 2nd and November 1st. See the calendar below for a more complete list.

Hire a Startup Tax Pro

Click the Links to Learn More About These Filings and San Francisco Tax Deadlines

How Much Does a Startup Tax Return Cost? Try Kruze Consulting’s Tax Preparation Pricing Tool.

  • 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.
  • FEB 28: SF Annual Gross Receipts Tax filing & payment deadline. Gross Receipts tax rates in San Francisco can vary depending on a business’ gross receipts - and business activity. Work with your accountant to determine if you need to file this; the limits are quite low so many funded startups will need to file. A 60-day extension is available for filing the return, but not paying any tax due.
  • MAR 1: Delaware Annual Franchise Report filing deadline: Pay a min. of $400, +more if you have significant funding.
  • APR 1: 571-L Business Property Tax filing due. Initial deadline.
  • APR 10: Deadline to pay second installment of property tax bill to San Francisco County
  • APR 15: File the CA Franchise Tax due with Form 100. Pay $800. Extension for time to file return (not pay tax) can be filed.
  • APR 15: Q1 CA Form 100-ES Q1 Estimated Tax due (30% of estimated tax).
  • 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 29: Q1 Estimated SF Gross Receipts Tax installment payment.
  • APR 29: Claim R&D Tax Credits on Q1 Form 941.
  • MAY 7: 571-L Business Property Tax filing due. Final date to avoid 10% penalty.
  • 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.
  • JUN 15: Q2 CA Form 100-ES Q1 Estimated Tax due (40% of estimated tax). Note, CA does not require a Q3 installment.
  • JUL 29: Claim R&D Tax Credits on Q2 Form 941.
  • JUL 29: Q2 Estimated SF Gross Receipts Tax installment payment deadline.
  • AUG 31: SF 571-L Business Property Tax payment due.
  • 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.
  • OCT 31: Q3 Estimated SF Gross Receipts Tax installment payment.
  • NOV 15: File the CA Franchise Tax due with Form 100 (if extended).
  • DEC 1: Delaware Quarterly Estimated Franchise Tax, Pay 20% of estimated annual amount (if annual amount expected to exceed $5,000).
  • DEC 10: Deadline to pay first installment of property tax bill to San Francisco County.
  • DEC 15: Federal Quarterly Estimated Tax 4th installment.
  • DEC 15: Q4 CA Form 100-ES Q1 Estimated Tax due (30% of estimated tax).
  • ROLLING: CA Statement of Information due. Pay $25.

How Much Does a Startup Tax Return Cost? Try Kruze Consulting’s Tax Preparation Pricing Tool.

If your Delaware C-Corp San Francisco funded startup needs tax help contact us today!

 

San Francisco, Startups and Taxes

San Francisco led the world in venture capital investment in 2018, according to the Center for American Entrepreneurship, and together with Silicon Valley, accounts for 13.5% of all global startup deals. It’s easy to see why startups are attracted to San Francisco’s booming startup economy. 

The most important taxing authorities for companies in San Francisco are: 

In 2022, San Francisco has many, unique corporate tax deadlines beyond the traditional April 15th tax return date. Important filing deadlines include the San Francisco Gross Receipts filing deadline and the business property tax filings. See the calendar above for a more complete list.

San Francisco Gross Receipts Tax

The Gross Receipts Tax replaces the Payroll Expense Tax for 2021 and increases the tax rates on most industries. Companies subject to the Gross Receipts Tax need to file it as part of their annual business tax returns. Here’s an overview on the tax:

  • Anyone other than landlords for residential real estate is subject to the tax if you were engaged in business in San Francisco and had more than $2 million in gross receipts.
  • Gross receipts include revenue from sales, services, property sales, interest, rent, royalties, dividends, licensing or other fees, commissions, and distributed amounts from other businesses. Gross receipts do not include government grants or the Payroll Protection Program (PPP)
  • The actual gross receipts tax rate varies based on the amount of gross receipts and the type of business activity. The tax rate for 2021 ranges from .053% to 0.42%. The business activity categories include:
    • Retail Trade/Certain Services (tax rates here)
    • Manufacturing/Food Services (tax rates here)
    • Transportation and Warehousing/Biotechnology/Clean Technology (tax rates here)
    • Accommodations/Arts Entertainment and Recreation (tax rates here)
    • Private Education and Health Services/Administration and Support Services/Miscellaneous Business Activities (tax rates here)
    • Construction (tax rates here)
    • Financial Services/Insurance/Information/Professional, Scientific and Technical Services (tax rates here)
    • Utilities (tax rates here)
    • Wholesale Trade (tax rates here)
    • Real Estate and Rental and Leasing Services (tax rates here)
  • Businesses that have gross receipts from both within and outside San Francisco will need to to allocate those receipts based on the business activities listed above using the rules from the San Francisco Business and Tax Regulations Code.  
  • Estimated business tax payments are due on April 30, July 31, and October 31. 

San Francisco Business Personal Property Tax

In San Francisco, items like furniture and equipment used to run a business, called the Business Personal Property (BPP), are subject to property taxes. BPP items include:

  • Machinery, like washers, dryers, stoves, or refrigerators
  • Office furniture
  • Office equipment, like computers or telephones
  • Supplies, like paper or cleaning supplies
  • Fixtures, including plumbing or wiring 

Exempt items include licensed vehicles and business inventory.

If your business is in operation as of January 1, you should receive a Form 571-L notice in February from the San Francisco Office of the Assessor-Recorder. It’s important for you to keep good records for the acquisition cost of any BPP you buy during the year. You’ll use Form 571-L to report the acquisition costs of all BPP at each of your business locations in San Francisco, and Form 571-L must be filed by April 1. The Office of the Assessor-Recorder will determine an assessed value of your BPP and send a tax bill. If your BPP is less than $4,000, you will not owe a BPP tax. 


2021 Tax Compliance Deadlines For San Francisco Startups

2021 tax deadlines are supplied for reference purposes only, and should not be used when making decisions in 2022. Always consult your tax professional, and see our disclaimer below.

Attention - many tax deadlines have been postponed. Check with your tax CPA.

View tax compliance dates for Atlanta, Austin, Boston, Mountain View, New York City, Palo Alto, Salt Lake City, San Francisco, 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.

Every startup is different and so are its tax compliance needs. This is only a guideline. Please consult your tax professional. IRS Circular 230 Disclaimer: To ensure compliance with IRS Circular 230, any U.S. federal tax advice provided in this communication is not intended or written to be used, and it cannot be used by the recipient or any other taxpayer for the purpose of avoiding tax penalties that may be imposed on the recipient or any other taxpayer. Copyright © Kruze Consulting

Check our 2022 Tax Deadlines For C-Corp Startups or Click for your customized tax compliance calendar by startup hub

Who we are

#1 - Kruze Consulting services

We software

We've built our practice by using best of breed accounting software. Leveraging technology allows us to be more efficient with our time, which saves our clients lots of money. And it frees us up to focus on higher value add activities.

#2 - Kruze Consulting services

All-in-one solution

CFO services, bookkeeping, annual taxes, expense reports, payroll, benefits: we've got you covered. Custom tailored dashboards are provided weekly or monthly, depending on your preference.

#3 - Kruze Consulting services

We startups

We focus on angel and venture backed Delaware C-Corps. It’s our niche. We service startups in San Francisco, New York City, Los Angeles, and Chicago.

#4 - Kruze Consulting services

Trusted Partners & Advisors

We’re not just about churning out financials, we want to meet in person and talk about where you are now and where you'd like to be. We've found that one of the biggest factors in making a startup successful is their network. We're in this together.

#5 - Kruze Consulting services

More Than Accounting

We build financial models that have been used to pitch (and secure millions in funding) from premier VC firms and top angel investors. We also provide 409A valuations, KPI dashboards, cap table management, venture debt consulting, budgeting, and much more.

#6 - Kruze Consulting services

Accounting & Finance Professionals

Founder & CEO, Vanessa Kruze, is a CPA, Deloitte Tax alumni, and former Controller of a 120+ FTE startup. Kruze CFO, Scott Orn, is a Kellogg MBA, former VC Partner, and investment banker. Our Staff Accountants and Controllers come from the Big 4 and venture backed startups.

Consulting, Tax and Valuation Prices

Competitively priced for high-growth companies

See our monthly pricing plans

Financial Consulting

Staff Accountant $120
Senior Staff Accountant $170
Controller $200
Senior Controller $250
Financial Modeling $400
CFO / COO / VP $400

Tax Advice

Administrative $115
Tax Analyst $175
Senior Tax Analyst $295
Tax Manager $395
Tax VP $495
CEO $495

Information for Every Startup

Sign up with your email and get valuable information delivered right to your inbox.

Contact Us for a Free Consultation

Looks good!
Please provide your full name
Looks good!
Please provide company name
Looks good!
Please provide valid phone number
Looks good!
Please provide valid email
Please enter a message.
Looks good!
  Talk to a leading startup CPA