3 Ways You Can Beat the Tax Deadline and Save on Your Taxes
This week we filed tax extensions for S-Corporations and Partnership LLCs. We are now heading toward the NEXT Tax Deadline, which is TUESDAY, April 18, 2022, about 30 days from today.
While the March 15th Deadline was not for everyone. The APRIL 18th DEADLINE COMING is for EVERYONE. Let’s discuss upcoming Tax Deadlines Coming,
March 31, 2022 – 1099 must be filed
April 18, 2022 – Form 1040, 1120, 1041 must be filed
April 18, 2022 – All Income TAX must be PAID
May 2, 2022 – Employment Tax Return Forms Due for March
The April 18th tax deadline is for EVERYONE and below let’s summarize what needs to be done for Personal vs Business Taxes:
- FILE their income TAX RETURN or Suffer Penalties.
- PAY 2021 income taxes due or Suffer Penalties.
2. Business Owners who are Incorporated, Not Yet Incorporated, and designated as C-Corporations MUST
- PAY all income tax due based on their net income or BOTTOM-LINE earnings from 2021. If tax payment is not made, you will PAY INTEREST and PENALTIES for not paying the taxes when due.
If you fear that you may owe, the #1 thing to do to avoid tax and financial problems is GET A TAX EXTENSION and an ESTIMATED INCOME TAX ANALYSIS from your Accountant.
We can help you www.AccountantThisWay.com
So many people waste money each year on TAX penalties and interest for 3 reasons:
1. Missed Deadlines
2. Incomplete Financial Reporting
3. No Accountant Advisor
Don’t waste money with tax penalties, and make mistakes 1,2,3 above, join the Pocket More Profit Bootcamp to get Tax Ready. www.PocketMoreProfitBootcamp.com
To hear the vlog on this topic, click the picture. This vlogg was recorded LIVE. Spiceda Jackson Accountant, Business Consultant and Founder of eXFinancial, Inc and www.TaxPLUS365.com makes herself available to answer questions each Friday morning. She is the Accountant You Love to work with because she helps you Understand how to FIX and Maintain your business financial and tax life, RIGHT.
You can work with her and her team, go to the website www.exfinancialcpa.com to get started. Join her live each FRIDAY morning for her 9am’ ish Live Pop-Up and ask her Accounting, Tax and Business Type questions. www.linktr.ee/Spiceda for the link to join live.
Are you ready for tax deadline? If not, join the Pocket More Bootcamp to get TAX READY, Better Your Financials and get over any Number Fears you may have. www.PocketMoreProfitBootcamp.com
We believe that Bad Business Financial Numbers = Bad Tax Returns
Bad Tax Returns are the #1 cause of business owners overpaying in taxes. Don’t let this be you.
The PMP Bootcamp is for: Entrepreneurs, Business Owners, Investors, High Wage Earners and Side-Hustlers who want to improve their NEXT tax return and understand what they can do to make tax time better.