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What Every Business Needs to Know
As April 15th approaches, businesses must stay ahead of important tax deadlines to avoid costly penalties and ensure full compliance. While tax season can feel overwhelming, preparation and a proactive approach will help you confidentially manage deadlines.
Here’s a quick guide to the key tax deadlines for this month and how you can stay on top of your obligations without the stress.
- Federal Income Tax Filing for Businesses
April 15, 2025 is the deadline for C corporations to file their federal income tax returns using Form 1120. If you’re unable to file on time, you can request a six-month extension, but any taxes owed must still be paid by this date to avoid interest and penalties.
- Payroll Tax Deposits
Employers must deposit federal payroll taxes, including Social Security, Medicare, and federal income tax withholdings, on a semi-weekly or monthly schedule. Failing to meet these deadlines could result in significant penalties from the IRS, so it’s necessary to stay organized and on track.
- Estimated Quarterly Tax Payments
Self-employed individuals, freelancers, and businesses that don’t withhold taxes through payroll are required to make Q1 estimated tax payments by April 15, 2025. Be sure to use Form 1040-ES (for individuals) or Form 1120-W (for corporations) to calculate and submit these payments on time.
- State Payroll and Business Tax Filings
State tax obligations vary by jurisdiction. Many states require employers to file state income tax withholdings, unemployment insurance, and other business-related taxes in April. Make sure to check your state’s tax authority for specific requirements and deadlines.
- Forms 941 & 940 for Employers
Employers must file Form 941 (Quarterly Federal Tax Return) by April 30, 2025, reporting wages and payroll taxes withheld for Q1. If you are subject to Federal Unemployment Tax Act (FUTA) deposits, ensure you meet any outstanding quarterly obligations by the same deadline.
How TEL Staffing & HR Can Help You Stay Compliant
Managing these deadlines can be complicated, but TEL Staffing & HR is here to make it easier. We offer a full-service payroll and tax compliance solution that takes care of everything, from tax filings to automated payments, making sure you meet all the deadlines without the worry.
Our team stays on top of the latest tax laws and uses proactive guidance to help you avoid penalties. Whether you need dedicated HR and payroll support or professional tax administration, we offer tailored solutions to fit your business needs.
Final Thoughts
April 2025 brings important tax deadlines for businesses, but with the right resources and support, you can meet them with confidence. Stay on top of your obligations and take advantage our services to simplify your tax and payroll management.
