• Summit Bookkeeping

April 2022 | Important Dates & What's New

Updated: May 23

April is a big month for businesses, with many annual and Q1 deadlines. Here are the major deadlines that might be applicable to you and your business.


Important Dates


April 15, 2022

  • Annual DOR Filers: Excise Tax Return — DOR

  • Annual City of Bellingham Filers: B&O Tax Return — City of Bellingham

April 18, 2022

Since April 15 falls on Emancipation Day in D.C., these Federal deadlines have been extended until the next business day.

  • Individual Income Tax Return (Form 1040) — IRS

  • Estimated Tax Payments for Q1 — IRS

  • C-Corp Income Tax Returns (Form 1120) — IRS

April 30, 2022

  • Paid Family & Medical Leave Report for Payment for Q1 — Paid Leave

May 2, 2022

Since the last day of the month falls on a Saturday, these deadlines have been extended until the next business day.

  • Employer's Quarterly Federal Tax Return (Form 941) for Q1 — IRS

  • State Unemployment Insurance (SUI) Report and Payment for Q1— ESD

  • L&I Report and Payment for Q1 — L&I

  • Quarterly DOR Filers: Excise Tax Return for Q1 — DOR

  • Quarterly City of Bellingham Filers: B&O Tax Return — City of Bellingham

  • Monthly City of Bellingham Filers: B&O Tax Return — City of Bellingham


Please note that every business is different, so it's important to make sure to talk with your accountant or bookkeeper about your tax and filing requirements.


What's New

Whatcom Small Business Flood Recovery Grants

Applications are open from April 15 - May 3, 2022, 11:59 PM.

The Whatcom Small Business Recovery Grant is available for businesses that were affected by the fall 2021 floods. Grants are up to $5,000 and are intended to help businesses cover essential expenses such as rent, payroll, repairs, and mitigation measures.


Learn more here.


Downtown Bellingham Storefront Improvement Grant

Applications are open from April 4 - May 9, 2022.

This grant is available for eligible businesses in Downtown Bellingham and will provide design assistance and remodeling assistance to small businesses.


Learn more: https://www.downtownbellingham.com/sig


Working Washington Grants: Round 5 Coming Soon

Round 5 of the Working Washington Grant is in the works and is expected to be available this Spring.


Learn more: commercegrants.com


COVID Economic Injury Disaster Loan (EIDL) Deferment

If you have an existing COVID Economic Injury Disaster Loan (EIDL), the SBA announced additional deferment of principal and interest payments for a total of 30 months deferment from inception.


Learn more: https://www.sba.gov/article/2022/mar/15/sba-administrator-guzman-announces-key-policy-change-existing-covid-economic-injury-disaster-loan


 

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