Startups must also comply with federal tax deadlines in March or April. For those who filed extensions, the deadlines are September or October.
Annual Tax Filings
All LLCs, C-Corps, and S-Corps must file annual tax reports with the IRS and relevant state authorities. Missing these deadlines can lead to significant penalties.
State-Specific Taxes
Each state has its own tax filing requirements and deadlines. Startups must be aware of and comply with these to avoid penalties and interest.
What Happens if I Miss a Deadline?
Penalties & Interests
Missing tax deadlines can result in significant penalties and interests, draining essential resources.
Investor Red Flags
Tax non-compliance is a red flag for investors, indicating potential mismanagement and deterring investment.
Operational Interruptions
Unresolved tax issues can cause operational disruptions, diverting focus from growth and innovation.