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Reporting Your Taxes
If you are going to be in business, you'll want to know what types of business taxes may apply, including:
State and Federal Income Tax
This is a tax on you and/or your business's net income. If your business entity is a sole proprietorship, or you have a net profit reported on your individual income tax return from a partnership or S corporation, you pay any...
California Tax Information Center - Special Circumstances
We know there are special, sometimes difficult, circumstances that you may be dealing with. We have gathered information and resources that may be helpful for you and your business. If you don't find the information you need, check our Contact Us page for a telephone number or the location of a local tax agency...
Estimated Business Taxes and Prepayments - California
Board of Equalization
Sales and Use Tax Quarterly Prepayments
When you obtain your seller's permit, you will be instructed to file your sales and use tax return on a monthly, quarterly, annual, or quarterly prepayment basis (the determination is based on the volume of sales expected for your business).
Businesses with average taxable sales of $17,000 or more...
California Tax Information Center - Your Taxes
Get Paid for Working
When you get paid for working as an employee, you must report your wages (salary, bonuses, commissions, etc.) to the Franchise Tax Board (FTB) and Internal Revenue Service (IRS) and pay taxes every year.
Fill out an IRS Form W-4 to tell your employer how much federal and California income tax to deduct from your paychecks. If you want...
Extension Of Time To File for Individuals - California
Federal Income Tax (Internal Revenue Service)
File Automatic Extension of Time to File U.S. Individual Income Tax Return (Form 4868) on or before the regular due date of your return. Follow the instructions on Form 4868 on Where to File the Form. You may file Form 1040, Form 1040A or Form 1040EZ anytime before the six-month extension period ends.
You must make...
Important Dates for Payroll Tax - California
Employers can now register a business, manage their payroll tax account, make tax payments, and much more online! For additional information, visit e-Services for Business .
As of January 1, 2018, all employers are required to electronically file employment tax returns, wage reports, and payroll tax reports. For more information on this requirement, visit E-file and E-pay Mandate...
Extension Of Time To File For Businesses - California
Employment Development Department
For good cause,* EDD may extend for up to 60 days the time for filing a payroll tax report or paying any payroll taxes without penalty. If you cannot file your report or pay your taxes on time and good cause exists, contact EDD to request an extension. The request should be made in writing to:
C Corporations - California Tax Service Center
Definitions of Basic Terms
What is a C Corporation?
A C corporation is a legal entity that exists separately from the people who own, manage, control, and operate it. It can enter into contracts, pay taxes, and is liable for its debts.
A C corporation issues shares of its stock, as evidence of ownership, to the person (s) or entities that contribute the money or business assets the...