I have a business and I need to know if I have to file taxes quarterly (i think my accountant mentioned this but I do not have sales tax on my product) Does anyone know when to file?
You file quarterly to pay taxes. Sales tax is something else besides regular quarterly taxes. Irs has formula that decides if you need to pay every 3 months. If you have business and no job that pays taxes you will wind up paying quarterly. june 15 sept 17 jan 15 Most of the time it is the 15 day but this year some fall on sunday. Taxes must be POSTMARKED on that day by post office not recieved by irs on that day. you should mail it 5 days ahead of time anyway.
You pay quartery taxes 4 times per year, hence the name. 15th of April, June, Sept, and Jan. If your business existed last year and or you owed money at the end of the year you should have already paid the first installment and the second is due shortly. There is no legal requirement to pay quarterly PROVIDED you pay in enough through withholding so that you do not owe money next April. The penalaties and interest can be kinda nasty if you fail to do that. I suggest you clarify this issue as soon as possible.
Ummm, Business taxes are due by March 31.... http://www.ird.govt.nz/business-income-tax/filing-returns/payingtax-duedates.html
I think the answers apply to US tax law. Thanks for the New Zealand link though, I am sure someone will find it useful.
New business, consider paying quarterly starting with the first installment AFTER the business opens. If it is a side business you may be able to get away with not paying quarterly per the guidleines I posted above.