Business & Tax Essentials
Practical checklists, guides, forms, and tax resources to help you stay organized and prepared throughout the year.
Whether you are starting a side gig or starting a whole business, you'll find essential checklists, guides, and tax information right here. Choose a section below to get started.
Starting a Business
Helpful resources for getting your business set up and understanding the first steps.
Business Resources
Practical tools and checklists to help you manage the financial side of your business.
Tax Resources
Forms, checklists, deadlines, and other resources to help you stay prepared.
Business Structures
Learn the basics of common business structures and how they differ.
-Sole Proprietorship
-LLC
-Partnership
-S Corporation
-C Corporation
-Nonprofit
Important Deadlines
January 15 - Sales Tax/Payroll Tax Due
January 31 - 1099s/W2 Due
February 15 - Sales Tax/Payroll Tax Due
March 15 - 1120, 1065 & 990 Due
March 15 - Sales Tax/Payroll Tax Due
March 31 - End of the 1st Quarter
April 15 - Sales Tax/Payroll Tax Due
April 15 - 1040 Due
May 15 - Sales Tax/Payroll Tax Due
June 15 - Sales Tax/Payroll Tax Due
June 30 - End of the 2nd Quarter
July 15 - Sales Tax/Payroll Tax Due
August 15 - Sales Tax/Payroll Tax Due
August - 2290
September 15 - Sales Tax/Payroll Tax Due
September 30 - End of the 3rd Quarter
October 15 - Sales Tax/Payroll Tax Due
November 15 - Sales Tax/Payroll Tax Due
December 15 - Sales Tax/Payroll Tax Due
December 31 - End of the 4th Quarter
Business Structure
Sole Proprietorship
Sole proprietorships do not produce a separate business entity. This means your business assets and liabilities are not separate from your personal assets and liabilities. You can be held personally liable for the debts and obligations of the business.
C Corporation
Corporations can make a profit, be taxed, and can be held legally liable.
Corporations offer the strongest protection to its owners from personal liability, but the cost to form a corporation is higher than other structures. Corporations also require more extensive record-keeping, operational processes, and reporting.
S Corporation
S corporations are corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes.
Partnership
Limited partnerships have only one general partner with unlimited liability, and all other partners have limited liability. Profits are passed through to personal tax returns, and the general partner — the partner without limited liability — must also pay self-employment taxes.
LLC
Limited Liability Company (LLC) is a business structure allowed by state statute. Each state may use different regulations, you should check with your state if you are interested in starting a Limited Liability Company.
Non-Profit
Nonprofit corporations are organized to do charity, education, religious, literary, or scientific work. Because their work benefits the public, nonprofits can receive tax-exempt status, meaning they don’t pay state or federal income taxes on any profits it makes.