Students may wish to play learning games with their friends to help make the time fly by and make learning more fun. Over the summer, students and parents who practice the above tips can see great strengthening and improvement in scholastic skills, and avoid digressing two to three months in learning.
The C Corporation return is due 3 Â½ months after your fiscal year end. So, if your year-end is December 31st, you need to file as of March 15th, or file for an extension using Form 7004. The C Corporation likely doesnât have a calendar year-end, though. Thatâs one of the big benefits of the C Corporation.
Every year your California Corporation must file an Annual Franchise Tax Return with the Franchise Tax Board. Tax: Both C and S Corporations are subject to franchise taxes. The franchise tax is actually a tax of net income and the rate is 8.84% of net income for corporations. S corporations must pay the franchise tax at a rate of 1.5% of net income. California imposes a minimum franchise tax of $800. NOTE: New corporations are subject to the above tax rate with no minimum tax the first year.