What do tax obligations look like for small business owners in 2021? Can I get an extension on my business taxes? When are the deadlines for 2021 estimated tax payments? If the due date falls on a Saturday or Sunday or public holiday, payments are considered on time if the CRA receives it on the following business day. The automatic extension applies only to individual returns and payments for 2020, but does not include 2021 estimated-tax payments, which are used … 31-03-2021 - Value-Added Tax (VAT) electronic submissions and payments. Tax due dates for various Business types in 2021 S-corporation tax returns on IRS Form 1120- S:15 th March, 2021 C-corporation tax returns on IRS Form 1120: for year-end corporations, the due date is 15 th April 2021. Those payments are still due on April 15. Here’s What to Expect… and What to Do, Budget 2021: Your Tax Tables and Tax Calculator, 5 March – Monthly PAYE submissions and payments, 25 March – VAT manual submissions and payments, 31 March – VAT electronic submissions and payments. That will give taxpayers more time to file tax returns and settle bills. The filing season deadline for provisional taxpayers who file their returns online, has been postponed from Friday 29 January, to 15 February. Tax due dates for 2021, based on status: March 15, 2021: Partnerships. If you’re a sole proprietor or individual, remember to pay the fourth quarter of 2021 estimated taxes by the 15th. January 15, 2022. Notice 2021-21 also postpones the due date for Form 5498 series returns related to these accounts to June 30, 2021. https://www.business.org/finance/taxes/when-are-business-taxes-due Here are the can’t-miss-it 2021 tax dates that every small business taxpayer should know: January 15, 2021: Deadline to pay the fourth-quarter estimated tax payment for tax year 2020 January 31, 2021: Deadline for submitting wage statements and forms for independent contractors C Corps file IRS Form 1120 (U.S. The extended deadline is … For C Corps not using a calendar year, the filing deadline is the 15th day of the fourth month following the end of the corporation’s fiscal year. © TGS South Africa 2019 | All rights reserved | Powered by, Selected for SARS Verification or Audit? 23-04-2021 - Value-Added Tax (VAT) manual submissions and payments, 30-04-2021 - Value-Added Tax (VAT) electronic submissions and payments, 30-04-2021 - Corporate Income Tax (CIT) Provisional payments, 07-05-2021 - Pay-As-You-Earn (PAYE) submissions and payments, 25-05-2021 - Value-Added Tax (VAT) manual submissions and payments, 31-05-2021 - Value-Added Tax (VAT) electronic submissions and payments, 31-05-2021 - Corporate Income Tax (CIT) Provisional Tax Payments, 07-06-2021 - Pay-As-You-Earn (PAYE) submissions and payments, 25-06-2021 - Value-Added Tax (VAT) manual submissions and payments, 30-06-2021 - Value-Added Tax (VAT) electronic submissions and payments, 30-06-2021 - Corporate Income Tax (CIT) Provisional Tax Payments, 30-06-2021 - End of the 1st Financial Quarter, 07-07-2021 - Pay-As-You-Earn (PAYE) submissions and payments, 23-07-2021 - Value-Added Tax (VAT) manual submissions and payments, 30-07-2021 - Value-Added Tax (VAT) electronic submissions and payments, 30-07-2021 - Corporate Income Tax (CIT) Provisional Tax Payments, 06-08-2021 - Pay-As-You-Earn (PAYE) submissions and payments, 25-08-2021 - Value-Added Tax (VAT) manual submissions and payments, 30-08-2021 - Value-Added Tax (VAT) electronic submissions and payments, 30-08-2021 - Personal Income Tax (PIT) Provisional Tax Payments, 30-08-2021 - Corporate Income Tax (CIT) Provisional Tax Payments, 07-09-2021 - Pay-As-You-Earn (PAYE) submissions and payments, 23-09-2021 - Value-Added Tax (VAT) manual submissions and payments, 30-09-2021 - Value-Added Tax (VAT) electronic submissions and payments, 30-09-2021 - Personal Income Tax (PIT) top-up Provisional Tax Payments, 30-09-2021 - Corporate Income Tax (CIT) Provisional Tax Payments, 30-09-2021 - End of the 2nd Financial Quarter, 07-10-2021 - Pay-As-You-Earn (PAYE) submissions and payments, 25-10-2021 - Value-Added Tax (VAT) manual submissions and payments, 29-10-2021 - Value-Added Tax (VAT) electronic submissions and payments, 29-10-2021 - Corporate Income Tax (CIT) Provisional Tax Payments, 05-11-2021 - Pay-As-You-Earn (PAYE) submissions and payments, 25-11-2021 - Value-Added Tax (VAT) manual submissions and payments, 30-11-2021 - Value-Added Tax (VAT) electronic submissions and payments, 30-11-2021 - Corporate Income Tax (CIT) Provisional Tax Payments, 07-12-2021 - Pay-As-You-Earn (PAYE) submissions and payments, 24-12-2021 - Value-Added Tax (VAT) manual submissions and payments, 31-12-2021 - Value-Added Tax (VAT) electronic submissions and payments, 31-12-2021 - Corporate Income Tax (CIT) Provisional Tax Payments, 31-12-2021 - End of the 3rd Financial Quarter. If your business is a corporation, remember to pay the fourth quarter estimated taxes by this date. The relief does not apply to the first-quarter 2021 estimated tax payments that many small business owners owe, however, the agency said. This extension does not affect estimated quarterly taxes, which are still due April 15, 2021 for non-employee income. The federal tax filing deadline postponement to May 17, 2021, only applies to individual federal income returns and tax (including tax on self-employment income) payments otherwise due April 15, 2021, not state tax payments or deposits or payments of any other type of federal tax. 07-04-2021 - Pay-As-You-Earn (PAYE) submissions and payments. 2020 was a difficult year for small businesses and entrepreneurs struggling to stay afloat during the Covid-19 pandemic. For the tax year 2020, the IRS extended the deadline to file business taxes to July 15, 2020, due to the coronavirus pandemic. If you or your spouse earned business income in 2021 then your tax return is due June 15, 2021. However, for individual tax filers in 2021, this has been changed to May 17, 2021. Different types of business entities file tax returns in different ways. The IRS announced an extension to May 17, 2021 of the deadline for filing individual income tax returns, including those who pay self-employment taxes. 30-03-2021 - Excise Duty payments. How can I check the filing and payment deadlines in my state? SARS says this is due to the “traumatic” fall-out from the pandemic. Corporation Income Tax Return), the deadline being April 15, 2021, for corporations operating on a calendar year (the extended deadline is October 15, 2021). The two earlier rounds were advance payments of the recovery rebate credit for 2020. This deadline is a bit tricky because taxes owing are still due April 30, 2021 even though the actual filing of the return is not due until June. The South African Revenue Service (SARS) has warned taxpayers that the filing season for provisional taxpayers ends on 15 February 2021. File IRS Form 1065 and Schedule K-1 from each partner; LLCs; File IRS Form 1065 and Schedule K-1 from each member (owner) of the corporation; S-corporations. Sept. 15, 2021: Today is the deadline to pay Q3 2021 quarterly estimated taxes. For tax year 2017 Federal income tax returns, the normal April 15 deadline to claim a refund has also been extended to May 17, 2021. According to the IRS, "individual taxpayers can also postpone federal income tax payments for the 2020 tax year due on April 15, 2021, to May 17, 2021, without penalties and … Happy New Year! This extension follows an announcement from the Internal Revenue Service extending the deadline for federal individual income tax returns to May 17. 31 March – Corporate Income Tax Provisional Tax payments where applicable. The IRS has also announced it is giving victims of the winter storms until June 15th, 2021 to file and pay business returns normally due on March 15th and April 15th. December 15, 2021. Third-round payments are advances of a special tax break called the recovery rebate credit for 2021. Provisional Income Tax Due 26 February: Do’s and Don’ts for Companies January 28, 2021 MANILA, Philippines – The Bureau of Internal Revenue (BIR) said that the April 15, 2021 deadline for the filing of income tax returns (ITRs) and paying … Rate of Tax 1 March 2021 - 28 February 2022 45% 1 March 2020 - 28 February 2021 45% 1 March 2019 - 29 February 2020 45% 1 March 2018 - 28 February 2019 45% 1 March 2017 - 28 February 2018 45% 1 March 2016 - 28 February 2017 41% 1 March 2015 - 29 February 2016 41% 1 March 2014 - … These businesses typically file their taxes annually. The IRS is postponing the tax filing deadline to May 17 from April 15, the agency said Wednesday. This is also the income tax filing deadline for partnerships and S-corps that requested a six-month income tax filing extension. Many entrepreneurs found relief through financial resources introduced in the Coronavirus Aid, Relief and Economic Security (CARES) Act. 1 31-03-2021 - Corporate Income Tax (CIT) Provisional payments. The extended deadline is Sept. 15, 2021. ROCK HILL, SC / ACCESSWIRE / March 15, 2021 / While the IRS has not extended any of the March 15, 2021 deadlines, many businesses may need some additional time to file their 2020 business tax … Business concept with calculator, pen, magnifier and financial documents. February tax deadline warning from SARS Disclaimer: The information provided herein should not be used or relied on as professional advice. e-Filing For Income Tax Starts On 1 March 2021 LHDN (Inland Revenue Board) has recently released the Return Form (RF) Filing Programme For The Year 2021 on its website, which listed all the file types, due dates, grace period, and filing method for your references.With that said, we have prepared a summary of the filing programme as below with highlights to some of the key changes in 2021. NASHVILLE - The Department of Revenue is extending the filing and payment deadline for Hall income tax returns and, for certain taxpayers, the franchise and excise tax return from April 15, 2021 to May 17, 2021.. The April 15 deadline for filing annual income tax returns (ITRs) is fast approaching and taxpayers are waiting for announcements from the Bureau of Internal Revenue (BIR) whether the said deadline will be extended. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Income Tax Deadlines for 2021 Before COVID-19, most individuals filed their Canadian income tax returns by April 30 each year. Need More Help Keeping Track of Tax Deadlines for Your Small Business? More information can be found on the IRS website. For more articles, go to www.BusinessInsider.co.za. 01-04-2021 - Start of the 2021/22 Financial Year. However, individual states might not have changed their filing deadlines to match, and we do not yet know how filing deadlines in 2021 will be impacted. Last year, the deadline was extended twice in light of the restrictions and quarantine measures implemented by the Philippine government due […] Important DateS. Taxpayers who don’t make the deadline, will face fines. Always contact your professional adviser for specific and detailed advice. October 2021. 2017 unclaimed refunds – deadline extended to May 17. C-corporation income tax returns (IRS Form 1120): These are due April 15, 2021, for C-corporations that operate on a calendar year. 2021 Federal tax deadlines for your small business Your small business tax checklist for 2021. File IRS Form 1120S and Schedule K-1 from each shareholder; April 15, 2021: It may feel like you just finished your 2019 business income taxes, but it’s... Income tax. Covered business owners now have until June 15, 2021 to file their 2020 tax returns, including returns that were originally due on March 15, 2021 or April 15, 2021. The first is April 15, followed by June 15, Sept. 15 and Jan. 18 of 2022. 31-03-2021 - End of the 2020/21 Financial year. Stay afloat during the Covid-19 pandemic struggling to stay afloat during the Covid-19 pandemic individual income tax Provisional payments... 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