Business Estimated Tax Payments

Posted Thursday, December 5, 2024

Certain businesses need to make estimated tax payments as a business, and possibly in addition to whatever estimated tax payments the owners have made personally. This can happen in two situations-

  1. Your business is a C corporation and has tax liabilities requiring estimated tax payments, or
  2. Your business is located in a state such as California, New Jersey, Illinois among several others that imposes a franchise tax or similar tax, and also requires estimated franchise tax payments to be be prepaid.

Please provide the amounts paid and the dates so can ensure the business is properly credited when preparing the tax returns. If you are confused, no biggie! Let’s hop on a call and figure it out.

The button below will take you to your Sharefile portal for your safe and securing uploading of tax documents-

tax accountants close to me

Sharefile

Click here to securely submit your documents via ShareFile!

wcg tax
Tax Planning Season

Tax planning season is here! Let's schedule a time to review tax reduction strategies and generate a mock tax return.

tax strategist
Bookkeeping Services

Tired of maintaining your own books? Seems like a chore to offload?

Professional Consultation

Did you want to chat about this? Do you have questions about Business Estimated Tax Payments? Let’s chat!

The tax advisors, business consultants and rental property experts at WCG CPAs & Advisors are not salespeople; we are not putting lipstick on a pig expecting you to love it. Our job remains being professionally detached, giving you information and letting you decide within our ethical guidelines and your risk profiles.

We see far too many crazy schemes and half-baked ideas from attorneys and wealth managers. In some cases, they are good ideas. In most cases, all the entities, layering and mixed ownership is only the illusion of precision. As Chris Rock says, just because you can drive your car with your feet doesn’t make it a good idea. In other words, let’s not automatically convert “you can” into “you must.”

Let’s chat so you can be smart about it.

We typically schedule a 20-minute complimentary quick chat with one of our Partners or our amazing Senior Tax Professionals to determine if we are a good fit for each other, and how an engagement with our team looks. Tax returns only? Business advisory? Tax strategy and planning? Rental property support?

accounting services for small business

Text WCG Offices

Need to get in touch through a quick text? We'll respond within a day.

accounting services for small business

Call Our Team

If you need to speak to a tax pro, give us a call and we'll get you connected.