First major tax deadline is approaching!

The deadline to filing Partnerships, C-Corporations, and S-Corporations is approaching quickly. The deadline to file your clients’ business returns is March 15th, 2017 and unless they are ready by then they will be subject to fees and penalties.

An extension will give them an additional six months to file their business return, so they will not need to file until September 15th, 2017.

The extension does not extend when the payment for taxes are due, if applicable in their state. The payment of the taxes is due no later than April 18th, 2017. Your clients can prevent the late filing fees and penalties by filing an extension and paying the tax on their net sales in 2016, if applicable in their state.

We want to inform you now, so that you will not be penalized for late payment of taxes owed.