Key Actions
Tax season is over, now what? If you filed your federal income tax return, you are done for now. If you filed an extension, your new deadline is October 15, 2026. This gives you more time to file, not pay. If you were not able to pay in full by the April 15 deadline, set up an IRS payment plan as soon as possible at IRS.gov to help avoid additional penalties.
Keep in mind, as a self employed business owner or someone with additional income, you are expected to pay taxes throughout the year, not just at filing time. Your next estimated tax payment is due June 15, so now is a good time to stay organized and focus on a few key actions:
- Keep your books up to date so you know your actual profit and can estimate taxes accurately
- Set aside money now for your June estimated tax payment
- Review your first quarter numbers to see how your year is going so far
- Clean up any uncategorized transactions or unreconciled accounts from earlier in the year
Upcoming Tax Deadlines:
June 15
- Estimated tax payment due for Q2 The second payment of your estimated tax is due.
If you have payroll, you may have:
- Monthly payroll tax deposits
- State level filings depending on your location
State specific deadlines
- Sales tax filing deadlines vary by state and can be monthly, quarterly, or annually depending on your business
Final Thoughts from the Founder:
After tax season, most business owners shift their focus to planning for the rest of the year. This is the time to get clear on your budget, stay on top of your cash flow, and work toward your quarterly goals with confidence.
We are here to support you with clean ups and ongoing monthly maintenance so your books stay accurate and you can make decisions that help you reach those goals throughout the year.
If you know someone who could benefit from our services, we would truly appreciate the referral. We do offer a referral program, so feel free to reach out and we can share more details.
See you next week!
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