When Can You File Small Business Taxes in 2022?
This year, make things easier on yourself by planning ahead. You’ll thank yourself for filing business taxes according to the prescribed deadlines. Not only will this save you from sweating over a shoebox full of receipts, but making on-time tax payments will save you from any late fees or interest payments. To help you with this process, we’ve put together this complete guide for filing business taxes in 2022. You can use the information and the dates we provide to form a strategic plan for preparing and filing your taxes in 2022. What Is the Business Tax Filing Deadline for 2022? You may have already marked April 18, 2022, on your calendar to remind you to pay your personal income taxes. This date is a slight change from previous years since April 15 (the common tax deadline) happens to fall on Good Friday. But what about your small business taxes? The deadlines for filing business taxes depend on how your business is structured. Here are the deadlines for common business types: Sole Proprietors, LLCs, and C Corporations April 18, 2022, is the tax deadline for sole proprietors, limited liability companies (LLCs), and C corporations. They all must all file their taxes by this common April due date. These businesses can also file for a tax extension, and this extension must also be received by April 18. Once your extension is approved, your new tax deadline becomes October 17, 2022. It’s important to remember that your tax return must be at least postmarked by the due date. If you choose to send a paper return through the mail, take this into consideration to ensure you comply with the April tax deadline. S Corporations and Partnerships Some business types must file their taxes earlier than the April 18 tax deadline. For S corporations and partnerships, the deadline is March 15, 2022. These businesses can also file for a six-month tax extension, which places their final deadline at September 15, 2022. As with the return itself, applications for a tax extension must be postmarked by March 15, 2022. Estimated Tax Payment Deadlines It’s quite common for business owners to make estimated tax payments. These payments are made in each quarter, though the deadlines don’t always fall at precise intervals. For the 2022 calendar year, businesses must adhere to the following quarterly tax payment schedule: April 18, 2022 (for income received from Jan through March) June 15, 2022 (for income received from April through May) September 15, 2022 (for income received from June through August) January 16, 2022 (for income received from Sept through Dec) Keeping these estimated tax payment deadlines on your calendar can ensure that you meet your tax obligations. Keep in mind it’s better to overpay than to underpay, as the latter can result in a penalty if your payments are too low. When Can I Do My Taxes for 2022? We recommend that business owners not wait until April 17 when filing business taxes. Some entrepreneurs may be particularly eager to file their taxes, hoping to take advantage of deductions based on careful planning on their previous year’s taxes. Generally, the IRS will begin accepting electronic tax returns by late January. In 2021, the IRS didn’t begin accepting returns until February 12, though this seems to be an anomaly. By January 24, you’ll likely be able to file a business tax return. This date, of course, assumes you’re ready. Some business owners prefer to have a financial professional or tax services give their tax return a final check before filing to verify its accuracy and ensure that they received all of the deductions and credits to which they’re entitled. Key Dates Ready to mark your calendars? Here are all of the important dates for filing business taxes in 2022. You can bookmark this page for future reference or transfer this data to your personal or company calendar, so you never miss a deadline. January 20, 2022: Employees who earned over $20 from tips in the month of December must report this income to their employers using Form 1070. January 15, 2022: Your fourth-quarter estimated tax payment for 2021 is due on this date. January 31, 2022: Employers must send W-2 forms to their employees and 1099 forms to their contractors for earnings from 2021. February 10, 2022: Employees who earned over $20 in tips during the month of January must report this income to their employers using Form 1070. February 15, 2022: Financial institutions must send Form 1099-B (sales of stocks/bonds/mutual funds through a brokerage account), Form 1099-S (real estate transactions), and Form 1099-MISC unless the sender is reporting payments in boxes 8 or 10. February 28, 2022: Businesses must mail Forms 1099 and 1096 to the IRS. March 1, 2022: Farmers and fishermen must file individual income tax returns (unless they paid 2021 estimated tax by Jan 18, 2022). March 10, 2022: Employees who earned over $20 in tips during the month of February must report this income to their employers using Form 1070. March 15, 2022: Corporate tax returns (Forms 1120, 1120-A, and 1120-S) for the tax year 2021 must be filed by this date, or you may file for a six-month extension using Form 7004 (for corporations using the calendar year as their tax year), or Form 1065 (for filing partnership tax returns). March 31, 2022: This is the deadline to e-file Forms 1099 and 1098 to the IRS (but not Form 1099-NEC). April 11, 2022: Employees who earned over $20 in tips during the month of March must report this income to their employers using Form 1070. April 18, 2022: Household employers who paid $2,300 or more in wages in 2021 must file Schedule H for Form 1040. April 18, 2022: Individuals must file their personal tax returns for 2021, or Form 1040 or Form 1040-SE. Form 4868 must also be filed by this date in order to request an extension. May 10, 2022: Employees who earned over $20 in tips during the month of
A/B Testing: What It Is, Why It Matters, and How to Nail It
A/B Testing: What It Is, Why It Matters, and How to Nail It When you’re running a business, every decision counts. Whether it’s choosing a website design, crafting a catchy headline, or deciding on a marketing strategy, you want to be sure you’re making the right call. That’s where A/B testing comes in. It’s a simple, powerful tool to help you make data-backed decisions that actually work. Let’s break it down. What Is A/B Testing? A/B testing is a method of comparing two versions of something — like an email, webpage, or ad — by changing just one element and seeing which version performs better. For example, you might test two different subject lines in an email campaign while keeping everything else the same. This allows you to isolate the effect of that specific change and measure what drives more clicks, opens, or conversions. The idea is to find out which version resonates more with your audience, giving you real data to guide your decisions. Why Is A/B Testing So Important? In today’s data-driven world, the margin for error is slim, and the competition is fierce. A/B testing helps you make informed choices backed by real numbers instead of guesses. It allows you to test small changes before rolling them out on a larger scale, minimizing risk while maximizing potential impact. Not only that, but A/B testing helps you get to know your audience better. By analyzing what works and what doesn’t, you can refine your marketing, website, and even product offerings to better align with customer preferences. In the long run, this means more conversions, happier customers, and a higher return on investment. Real-World Tips for A/B Testing Success Start with a Hypothesis Before you create two versions of your content, ask yourself what you’re trying to prove. Do you think a different color button will get more clicks? Are you testing if shorter headlines grab more attention? Form a hypothesis first, so you know what to look for. Test One Element at a Time Keep it simple. If you’re testing multiple things at once — a new image, different text, and a new button — you won’t know which change made the difference. Stick to one element per test to get clear, actionable insights. Use a Large Enough Sample Size You need enough data to make sure your results aren’t just a fluke. Test on a big enough group of people to ensure the results are reliable. The more data, the better the insights. Give It Time Let your test run for a while so you can collect enough data. If you stop the test too early, you might make the wrong call. A good rule of thumb is to run the test until you have statistically significant results (don’t worry, most A/B testing tools will do the math for you). Don’t Be Afraid to Experiment Sometimes the smallest changes can make the biggest difference. Test things like button color, placement of content, subject lines, and even font sizes. You might be surprised by what resonates with your audience. Analyze and Apply What You Learn Once you’ve got your results, take action! Apply what you learned from the test and implement the winning version. Don’t just stop there — keep testing regularly to make sure you’re staying on top of your game. Absolutely! Here’s a real-world example of an A/B email test focused on subject lines for a catch-up bookkeeping service: A/B Test Example: Catch-Up Bookkeeping Email Goal: Increase email open rates by testing two different subject lines. The content of the email is identical in both versions, highlighting the benefits of xendoo’s catch-up bookkeeping services. Version A – Subject Line: “Are You Behind on Your Books? We’ve Got You Covered!” Version B – Subject Line: “Stressed About Backlog Bookkeeping? Let Us Handle It! Analysis: Version A speaks directly to the customer and gives a sense of security by saying, “We’ve got this handled for you.” It’s all about making the reader feel safe and supported. On the other hand, Version B points out the stress of falling behind, tapping into a common pain point. It’s designed to connect emotionally, showing that xendoo understands their struggle and is ready to help. Both approaches aim to draw people in but appeal to different feelings—comfort vs. empathy. How A/B Testing Can Help with Financial Decision-Making A/B testing is a powerful tool for enhancing your business’s financial health. By making small, data-driven adjustments, you can cut down on wasteful spending and focus your budget on what truly works. For instance, if A/B testing reveals that one ad copy outperforms another, you can direct more of your resources to the successful version, ensuring you’re getting the most value from your spend. High quality leads can also be targeted more effectively with A/B testing. By identifying what resonates with your audience, you can attract more qualified prospects, which reduces your customer acquisition costs. This approach not only boosts your immediate results but also strengthens your long-term financial performance by building a more engaged and loyal customer base. In short, A/B testing helps you make smarter financial decisions, optimize your marketing budget, and drive better financial outcomes for your business. Final Thoughts A/B testing helps you get inside the mind of your customers and gives you the data you need to make smart, effective changes. Whether you’re tweaking an email, a landing page, or an ad, A/B testing ensures you’re making decisions that lead to better results. So go ahead and put your assumptions to the test! You might just be one experiment away from discovering serious growth for your business. At xendoo, we understand that turning insights into action is key to growing your business. We prepare comprehensive financial statements, including retained earnings, profit and loss statements, and balance sheets for your business. But we don’t stop there—we’ll also help you interpret these numbers, so you can make informed decisions about your business. Just like A/B testing guides your marketing strategies, our