2024 Santa Monica Tax Deadlines
Delaware C-Corps in Santa Monica have the April 15th federal and California tax return deadlines, plus several Santa Monica/LA specific dates. These include the April 1st 571-L filing date (due May 7th) and July 1st/August 31st Santa Monica Business License deadlines. See the rest below.
Upcoming Santa Monica deadlines in 2024
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C Corp Form 1120 Tax Return final due date for Santa Monica startups if extension was filed.
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Delaware Quarterly Estimated Franchise Tax, Pay 20% of estimated annual amount (if annual amount expected to exceed $5,000).
Total 27 Tax events for Santa Monica in 2024
Click The Links To Learn More About These Filings And 2024 Santa Monica Startup Tax Deadlines
- 15 Jan : Federal Quarterly Estimated Tax 4th installment (fourth quarter 2023).
- 31 Jan : Send 1095-B and 1095-C forms to employees.
- 31 Jan : Santa Monica 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 Santa Monica 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 Santa Monica startup will pay a minimum of $400, which increases if you have significant funding.
- 1 Apr : 571-L Business Property Tax for Los Angeles County filing due. Initial deadline.
- 1 Apr : IRS ACA Compliance 1094-B, 1095-B, 1094-C, and 1095-C filings are due (e-file).
- 15 Apr : Deadline to file California Corporation Franchise or Income Tax Return (Form 100). Minimum amount due is $800.
- 15 Apr : Due date for Santa Monica 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 Santa Monica startups are required to file this Federal form by this deadline unless they file an extension.
- 30 Apr : Santa Monica startups can claim Research & Development Tax Credits on Form 941.
- 7 May : 571-L Business Property Tax for Los Angeles County due. Final date to avoid 10% penalty.
- 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).
- 1 Jul : Annual City of Santa Monica Business License Renewal filing due. A 60-day grace period before penalties are assessed is provided. Payment due on Gross Receipts.
- 31 Jul : Claim Research & Development Tax Credits on Form 941 .
- 31 Aug : Last day to file the Annual City of Santa Monica Business License Renewal before penalties are assessed.
- 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).
- 15 Oct : C Corp Form 1120 Tax Return final due date for Santa Monica startups if extension was filed.
- 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).
- Rolling: California Statement of Information deadline date. Pay $25.
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Federal Quarterly Estimated Tax 4th installment (fourth quarter 2023).
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Santa Monica 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.
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IRS 30-day automatic extension: provide Form 1095-B and Form 1095C to employees.
-
Delaware Annual Franchise Report filing deadline. Your Santa Monica startup will pay a minimum of $400, which increases if you have significant funding.
-
571-L Business Property Tax for Los Angeles County filing due. Initial deadline.
-
Deadline to file California Corporation Franchise or Income Tax Return (Form 100). Minimum amount due is $800.
-
Due date for Santa Monica 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.
-
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 Santa Monica startups are required to file this Federal form by this deadline unless they file an extension.
-
Santa Monica startups can claim Research & Development Tax Credits on Form 941.
-
571-L Business Property Tax for Los Angeles County due. Final date to avoid 10% penalty.
-
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).
-
Annual City of Santa Monica Business License Renewal filing due. A 60-day grace period before penalties are assessed is provided. Payment due on Gross Receipts.
-
Claim Research & Development Tax Credits on Form 941 .
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Last day to file the Annual City of Santa Monica Business License Renewal before penalties are assessed.
-
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).
-
C Corp Form 1120 Tax Return final due date for Santa Monica startups if extension was filed.
-
Claim your Research & Development Tax Credits on Form 941.
-
Delaware Quarterly Estimated Franchise Tax, Pay 20% of estimated annual amount (if annual amount expected to exceed $5,000).
California Statement of Information deadline date. Pay $25.
Note: Startups need to prepare and file their federal and state tax returns by April 15 in 2024, unless filing for an extension. 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 your Delaware C-Corp Santa Monica funded startup needs tax help contact us today!
SANTA MONICA, STARTUPS AND TAXES
On the west side of Los Angeles County, Santa Monica boasts both natural beauty and a diverse economy. Santa Monica is the #2 city in the US for sustainability startup funding, according to Promoleaf, which ranks cities for green businesses, renewable energy, environmental engineering, and recycling. Often called “Silicon Beach,” Santa Monica is home to hundreds of startup companies funded by venture capital.
The most important taxing authorities for companies in Santa Monica are:
- State of California Franchise Tax Board
- State of California Employment Development Department
- County of Los Angeles Treasurer and Tax Collector
- Los Angeles Office of Finance
Delaware C-Corps in Santa Monica have the April 15th federal and California tax return deadlines, plus several Santa Monica/Los Angeles specific dates. See the important dates above.
Last Year's Tax Deadlines For Santa Monica 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. 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 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 paper filings are due (due April 1 if e-filing). File Form 8809 for a 30-day extension.
- MAR 1: Delaware Annual Franchise Report filing due: 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 094-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 1: 571-L Business Property Tax filing due. Initial deadline.
- MAY 7: 571-L Business Property Tax due. Final date to avoid 10% penalty.
- APR 18*: C Corp Form 1120 Tax Return due. Can extend to October 16*.
- APR 18*: File the Research and Development Tax Credit Form 6765 along with your tax return. This can be extended to October 16*.
- APR 18*: Deadline to file the CA Franchise Tax . Pay $800.
- APR 18*: Federal Quarterly Estimated Tax first installment.
- APR 30: Claim R&D Tax Credits on Form 941 .
- 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 1: Annual City of Santa Monica Business License Renewal filing due. A 60-day grace period before penalties are assessed is provided. Payment due on Gross Receipts.
- JULY 31*: Claim R&D Tax Credits on Form 941.
- AUG 31: Last day to file the Annual City of Santa Monica Business License Renewal before penalties are assessed.
- 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 31*: 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: Federal Quarterly Estimated Tax fourth installment’
- ROLLING:CA Statement of Information deadline date. Pay $25.
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.
