Tax Deadlines Are Approaching – Here’s How to Get Ready Now!

Hi there,

April 15 is right around the corner. While tax season isn’t the most exciting time of year, a little preparation now can make it far less stressful—and might even help you keep more of your hard-earned money.

Whether you’re filing as a business owner or freelancer, staying ahead of key deadlines and organizing your records will keep things smooth.


What’s Coming Up?

📅 March 15, 2025 – Tax filing deadline for Partnerships & S-Corps (Form 1065 & 1120-S)
📅 April 15, 2025 – Individual & C-Corp tax deadline (Form 1040 & 1120)
📅 April 15, 2025 – First-quarter estimated tax payment due

 

Steps to Stay on Track

1. Organize Your Records

  • Gather all income documents (1099s, sales records, bank statements).
  • Track business expenses—think equipment, travel, marketing, and more.
  • Make sure payroll records and tax forms (W-2s, 1099s) are in order.

2. Look for Deductions & Credits

  • Common deductions: Home office, internet, software, business meals, and mileage.
  • Tax credits worth checking out: Employee retention, energy-efficient upgrades, and R&D.
  • Thinking long-term? Contributing to an IRA or 401(k) could lower your taxable income.

3. Plan for Next Year

  • Quarterly estimated tax payments can help avoid surprises down the road.
  • Good bookkeeping now means a much easier tax season next year.

💡Managing finances is easier with the right tools. Here are some free (or affordable) options:

  • Wave – Simple, free accounting for freelancers and small businesses.
  • ZipBooks – Great for invoicing and expense tracking.
  • Zoho Invoice – Automates invoicing and payment reminders.
  • FreshBooks – Offers a 30-day free trial for easy expense management.

 

Helpful Tax Resources for Businesses

📌 SBA Local Assistance – Find tax help & business support
📌 IRS Industry-Specific Tax Centers – Tax guidance by industry
📌 SCORE Mentoring & Resources – Free business mentoring & tax planning tools

Tax season doesn’t have to be overwhelming. With the right strategy, you can stay compliant, maximize savings, and set your business up for long-term success. Taking small steps now can save you time, stress, and money—not just this year, but for years to come.

Here’s to a smooth tax season and a profitable year ahead!

With Sincere Appreciation,
Daniel Eke

Factor Funding Co.

Did You Know?

If you earn $400 or more in net self-employment income, you are required to file a tax return and pay self-employment tax. Even if you run a part-time business alongside a regular job, the IRS considers you self-employed and subject to these tax rules. Staying informed about deductions and tax credits can help reduce your taxable income. Source

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ABOUT US

Factor Funding is a nationwide small- and medium-sized business factoring company and a leader in helping young and growing businesses—including startups, minority-owned, and women-owned companies—meet cash flow needs and provide for future growth. For over 25 years, our factoring company has been providing fast and reliable cash flow solutions to a variety of industries through creative funding techniques.

Factor Funding is committed to helping growing companies discover and take advantage of hidden and untapped capital potential—thus empowering you to implement plans and strategies to grow to your fullest potential.