Small Business Reading Room

Tuesday, July 29, 2008

'Tis The Season...Ending

Well, Franchise Tax season is officially over for me, although there are some lingering duties.

I always suggest that our customers keep track of the franchise tax due dates in case they miss our email and mailed notices or reminders.

Corporation franchise taxes are due March 1st every year in which the corporation has not filed a dissolution or certificate of merger during the previous year.

LLC franchise taxes are due June 1st every year in which the LLC has not filed a certificate of cancellation, dissolution or merger during the previous year.

Contact one of our incorporation specialists if you need our assistance with this process.

Franchise tax dates to keep in mind are as follows:

3/1 - Corporations Annual Report and Franchise Tax
6/1 - LLCs
6/30 - Foreign Annual Report
6/1 - LP/LLLP Franchise tax
6/1 - LLLP Annual Report

Quarterly Estimated Tax Payments – Taxpayers who owe $5,000.00 or more pay taxes in quarterly installments based on the prior year’s assessment. 40% is due June 1, 20% is due September 1, 20% is due December 1, and the remaining 20% is due March 1.

If you don’t have an email calendar, you can try an online calendar Good luck, and be sure to keep up with those dates!

posted by Barbara at 3:43 PM - permalink 0 comments

Small Business Reading Room

'Tis The Season...Ending

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