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Get Clear Guidance on Small Business Tax Preparation, Obligations, and Deadlines
Clean Slate Tax prepares small business returns for every entity type, calculates quarterly estimated payments, and ensures you never miss a filing deadline or miss a deduction.
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Serving Small Businesses in NJ, PA & Beyond | Certified Public Accountant | Anthony Surace, CPA | 20+ Years Experience | Free Consultation
Small business tax obligations vary by entity type, number of employees, state, and revenue level. Understanding what you owe, when you owe it, and what you can deduct is the difference between a profitable year and an unexpected IRS bill. Clean Slate Tax provides clear guidance on every small business tax obligation and prepares your returns accurately the first time.
Small Business Tax Obligations by Entity Type
| Entity Type | Federal Return | SE Tax? | Payroll Required? | NJ State Filing |
|---|---|---|---|---|
| Sole Proprietor / Single-Member LLC | Schedule C on 1040 | Yes | If employees | NJ-1040 |
| Partnership / Multi-Member LLC | Form 1065 + K-1s | Yes (partners) | If employees | NJ-1065 |
| S-Corporation | Form 1120-S + K-1s | No on distributions | Yes — W-2 salary required | NJ-CBT-1 |
| C-Corporation | Form 1120 | No | Yes | NJ-CBT-100 |
Quarterly Estimated Tax Payments
Self-employed individuals, partners, and S-Corp shareholders must make quarterly estimated federal and state tax payments to avoid underpayment penalties. The quarterly deadlines are April 15, June 16, September 15, and January 15 of the following year. Clean Slate Tax calculates your estimated obligations based on projected income and prior year safe harbor rules so you always know what to set aside each quarter.
Not sure what your small business owes this quarter?We calculate your estimated payments and tell you exactly what to set aside. No year-end surprises. Call 1-888-588-5429 Now
The Most Missed Small Business Deductions
The most commonly missed deductions for small business owners include the home office deduction, vehicle business use, self-employed health insurance premiums, retirement plan contributions (SEP-IRA, Solo 401(k)), the Section 199A QBI deduction for pass-through entities, and startup costs in the first year of business. Clean Slate Tax reviews every client’s situation for applicable deductions and structures record-keeping to support them under examination.
Anthony Surace, CPA, has worked with small business owners across New Jersey, Pennsylvania, and beyond for more than 20 years. A Rutgers University accounting graduate and active member of the AICPA and NJCPA, Anthony brings hands-on expertise to small business clients. Call 1-888-588-5429.
Common Questions About Small Business Tax Preparation
When are small business tax returns due?
S-Corp and partnership returns (1120-S, 1065) are due March 15. C-Corp (1120) and sole proprietor Schedule C returns are due April 15. Extensions are available for all entity types. NJ state business returns follow matching or similar deadlines. Clean Slate Tax files extensions as needed and monitors all deadlines.
Should my business be an LLC or S-Corp for tax purposes?
S-Corp election typically produces tax savings when net business income exceeds roughly $60,000 to $80,000 annually by reducing self-employment tax on the distribution portion. The trade-off is additional filing requirements and payroll compliance. Clean Slate Tax performs the entity structure analysis and gives you a specific dollar-savings projection before recommending any change.
Know Exactly What Your Small Business Owes the IRS This Year
Free consultation. We review your entity structure and tell you where you stand.
