At SWC — Southern California’s independently owned tax planning and financial strategies advisory firm for entrepreneurs and small business owners, real estate investors, and high-net-worth individuals — we know tax deadlines can be overwhelming. And if you’ve been with us awhile, you know that staying ahead of the game can help you avoid unnecessary penalties and stress.

Below, we’ve outlined the most important tax dates for business owners, entrepreneurs, and individual taxpayers for February through April. Here’s what you need to know:

Important Tax Dates for Business Owners & Entrepreneurs

FEBRUARY 2025

Feb. 10 (note: if you missed this deadline and would like assistance, please contact our office for help):

• Employers must file Form 940 (Employer’s Annual Federal Unemployment (FUTA) Tax Return form), Form 941 (Employer’s Quarterly Federal Tax Return form), Form 943 (Employer’s Annual Federal Tax Return for Agricultural Employees form), Form 944 (Employer’s Annual Federal Tax Return form), and Form 945 (Annual Return of Withheld Federal Income Tax form) — but only if taxes were deposited on time and in full.
• Employees who earn tips must report January tips to their employer via Form 4070 (Employee’s Report of Tips to Employer form).

Feb. 18:

• If an employee claimed an exemption from income tax withholding on their 2024 Form W-4, they must file a new Form W-4 to continue that exemption for 2025.

Feb. 28: Continue reading… Continue reading… Continue reading…