April is a critical month for business owners when it comes to taxes. With the IRS deadline looming, ensuring your business filings are accurate and submitted on time is essential to avoid penalties. Whether you’re a sole proprietor, an LLC, or a corporation, staying informed about key tax deadlines will help keep your business in good standing.
Below is a breakdown of the most critical business tax deadlines in April and tips on staying organized.
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Key Business Tax Deadlines in April
📅 April 15, 2025 – Federal Tax Deadline for Most Businesses
- Sole proprietors, single-member LLCs, and partnerships: This is the deadline to file Form 1040 with Schedule C for reporting business income.
- S Corporations & C Corporations: C Corps filing under a calendar year must submit Form 1120 by this date.
📅 Quarterly Estimated Tax Payment (Q1) – April 15, 2025
- If your business is required to pay estimated taxes, the first-quarter payment for 2025 is also due on April 15. This applies to freelancers, independent contractors, and business owners who do not have taxes withheld.
📅 State Tax Deadlines – Varies by State
- Virginia business owners: For most businesses, the deadline for filing Virginia state income tax is May 1, 2025. However, check with the Virginia Department of Taxation for specific rules for your business structure.
📅 LLC and Corporation Annual Reports (Virginia-Specific) – April 1, 2025
- If you operate as an LLC or corporation in Virginia, your annual report and any required fees are due by April 1 to the Virginia State Corporation Commission (SCC) to remain in good standing.
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Tips to Stay Ahead of Tax Deadlines
✅ Organize Your Financial Records—Track business expenses, receipts, and financial statements throughout the year to make tax time easier.
✅ Work with a Tax Professional – Consulting a CPA or tax preparer can help you maximize deductions and comply with tax laws.
✅ Set Reminders for Estimated Taxes – If your business pays estimated quarterly taxes, mark the due dates (April, June, September, and January) on your calendar.
✅ File Early to Avoid Penalties – Don’t wait until the last minute. Filing early gives you time to fix errors and avoid penalties.
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Need Help Navigating Business Taxes?
Filing business taxes can be overwhelming, but you don’t have to do it alone. The University of Mary Washington Small Business Development Center (UMW SBDC) provides recommendations for bookkeepers & accountants to help you stay on track. Schedule a consultation today to get personalized support for your business!
Bianca M. Guzman, Business Consultant