Tax season is one of the most stressful and confusing times for everyone. People are scrambling to try to figure their finances out, get their W2 forms, and searching for “accountants near me” so you can get advice on how to receive the best refund. This is just for people who are doing personal taxes. Owning a small business adds an additional stressor because not only do they have to worry about taxes for themselves, but they need to make sure that the tax services for their business are properly done. This is why many businesses rely on accounting firms to help them make sure all deadlines are met, and all papers are filed. If you’re in the Pembroke Pines area, the company you need is SmarTax, LLC. As a leading tax expert in the area, they have the expertise to help guide your small business.

 

A Guide To Tax Services

As a small business, many owners don’t think that they have big responsibilities when it comes to tax deadlines, but the truth is they have a number of requirements that need to be met when it comes to filing and paying taxes. Trying to keep track of deadlines and keeping track of all the required forms that need to be filled can be overwhelming and exhausting. Especially when you pile on all the other things that business owners need to worry about. This is why it is vital to find trusting accountants near me so you can hand off some of the responsibility. Even if you do hand off some of the responsibility, it is critical that you, as the owner, have some basic knowledge about what is expected so you can prepare properly and make a smooth transition to your accountant.

  • Tax Deadlines: The deadline for filing your 2018 tax return changes depending on how your business is set up. If you have an S corporation, multiple-member LLC or partnership you need to file your returns no later than March 15, 2019. If you are a single-member LLC or self-employed your return needs to be filed by April 15, 2019. Additionally, if you have a C corporation that ends the tax year on December 31, your return needs to be in by April 15,  2019. On the other hand, if your C corporation ends their fiscal year on June 30, your tax return is due September 15.

 

  • Extensions: If you find yourself in the situation where you are not prepared to submit your tax return by the above deadline you can file for an extension. If you are filing for single-member LLC or corporation, your new deadline will be October 15, 2019. If you are an S-corporation, a partnership, or multi-member LLC your deadline would be pushed to September 16, 2019. Even if you file an extension, it is crucial to remember that any taxes your company owes still must be paid by the original due date. The extension is only for tax forms.

Tax preparation really begins at the start of each year. It is imperative for the success of your business that a careful record and log of all paperwork and transactions made of kept orderly and organized.

Contact Us

SmarTax LLC provides tax services in the Pembroke Pines area. We assist our clients with all of their tax needs to make sure they meet all their deadlines and requirements. Call or visit us today to find out how we can eliminate the need to search for accountants near me!