Pop quiz: when are your startup’s taxes due?
If you’re a first-time founder and this is your first tax season, you’re probably thinking something like “April 15? Wait. Is there an extension to file this year? Maybe sometime in late May? Or I can file for an automatic extension and move the deadline out to October?”
If you’re a multiple-time founder, you know this is a trick question: your startup’s taxes are always due!
Well, maybe not quite always, but close to it: our typical startup clients face more than two dozen different tax deadlines every year, spread across all twelve months of the calendar. From income tax to property tax to employer filings and more, at the federal, state, and local levels, the tax calendar never stops. And if you don’t stay on top of your filings, you can face penalties and fines, lose out on credits your business could otherwise claim, and face a cash crunch when you’re hit with an unexpected tax bill.
Navigating these requirements can be a major headache for founders, especially since they can change year to year. The most common strategies are:
But Pilot is here to help! We’ve put together a reminder service for your startup’s tax deadlines. Here’s how it works:
It’s that simple! Sign up for free today.
And when you reach the point where it no longer makes sense to spend time handling taxes yourself, you can sign up for Pilot Tax, and we can take care of this for you.
Note: Every company is different, and there are thousands of tax jurisdictions around the country. While this service provides guidelines for the most common situations for our startup client base, it doesn’t cover every situation for every company. This service is not legal advice, financial advice, or tax advice and isn’t meant as a substitute for consulting your own qualified advisors.
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