As we are now beginning the new year, it’s time to ensure your business is well prepared to meet its tax obligations. At Bondoni, we aim to make the process as seamless as possible for our valued clients.
Here are key reminders to help you stay on track:
Be Prepared for Tax Returns: Companies with a fiscal year ending 31 December are required to file their tax returns within the stipulated timeframe.
- Complete Tax Returns in 90 Days: Ensure that your tax returns are finalized and submitted no later than 90 days after your fiscal year-end.
- Pay Taxes in 120 Days: Tax payments must be completed within 120 days of your fiscal year-end to avoid penalties.
Our Recommendation: To avoid potential last-minute challenges, we recommend completing your tax payments within 80 to 100 days. This proactive approach provides a buffer for any unforeseen issues and ensures compliance ahead of the cutoff.
Should you need support with your tax filings or have any questions, please don’t hesitate to reach out to us.