Federal and Utah filing calendars, payroll deposits, tax elections explained.
An Employer Identification Number (EIN) is a nine-digit federal tax identification number issued by the Internal Revenue Service. It functions as the business equivalent of a Social Security number for federal…
An Employer Identification Number (EIN) is the federal tax ID the IRS assigns to a business. Most LLCs, corporations, partnerships, and any business with employees needs one. It is also generally required to o…
Whether a worker is an employee or an independent contractor determines tax withholding, unemployment insurance, workers' compensation, wage-and-hour obligations, and benefits eligibility. Misclassification ca…
Utah founders most often choose among three basic structures: sole proprietorship, limited liability company (LLC), and corporation. Each is created under a different part of Utah law, and each carries differe…
For payments made after December 31, 2025, businesses report payments to independent contractors on Form 1099-NEC when they total $2,000 or more in a year, up from $600. The threshold is adjusted for inflation…
Recurring items most small businesses address each year. Deadlines vary by entity type, jurisdiction, and tax situation; confirm each against the cited source.
January 31 following the end of the tax year.
The 15th day of the fourth month after the end of the tax year. For calendar-year filers this is April 15.
The last day of the month following the end of each calendar quarter.
April 15 for calendar-year filers, filed as part of the individual's Form 1040.
The 15th day of the third month after the end of the tax year. For calendar-year filers this is March 15.
Generally April 15, June 15 and September 15 of the tax year, and January 15 of the following year.
Filed electronically with the Utah State Tax Commission by January 31, together with the fourth-quarter or annual return. Dates on a weekend or legal holiday move to the next business day.
Furnish copies to recipients by January 31; file W-2s with the Social Security Administration and 1099-NECs with the IRS by January 31.
