The following are tax filing deadlines to note:

Personal Tax Return: April 18th, 2023

S-Corporation or Partnership Tax Return: March 15th, 2023

C-Corporation Tax Return: April 18th, 2023

Non-Profit Information Return: May 15th, 2023

You can extend these deadlines by 6 months if you file for an extension, but this is only an extension to file, not to pay. You may have extra penalties added to your return if you happen to owe a lot to the government AND you haven’t been diligent in paying your quarterly estimated taxes.

Running out of cash is the number one reason why most businesses fail.

The statement of cash flows is the least popular and least used amongst small business owners.

It’s complex, but learning how to use this financial statement empowers business owners to take their business to the next level or get them out of a tight financial situation.

This article provides a simple guide to the statement of cash flows, breaking it down into bite size pieces that are easy to understand.

Whether you’re just starting a small business or if you’re a veteran you already know small business accounting can seem daunting. Your business’ financial records have a high impact on your budgeting, decision making, financial planning, and taxes so it pays off to do this right.