October 2021 | Important Dates & What's New
Happy October and Happy Autumn! Check out the list below to see important dates that you may want to jot down. We've got another quarterly month up ahead, so make sure you keep track of this month's deadlines that apply to you:
October 15, 2021
Extension Deadline for Individual (1040) and C Corps (1120) Tax Returns — IRS
October 25, 2021
Monthly DOR Filers: Excise Tax Return — DOR
Monthly City of Bellingham Filers: B&O Tax Return — City of Bellingham
October 31, 2021
Paid Family & Medical Leave Report for Payment for Q3 — Paid Leave
November 1, 2021
These are reports and returns that are generally due on October 31, but since that date is a Sunday, the deadline is moved to the next business day.
Employer's Quarterly Federal Tax Return (Form 941) for Q3 — IRS
State Unemployment Insurance (SUI) Report and Payment for Q3— ESD
L&I Report and Payment for Q3 — L&I
Quarterly DOR Filers: Excise Tax Return for Q3 — DOR
Quarterly City of Bellingham Filers: B&O Tax Return — City of Bellingham
Please note that all businesses are different and you may have other deadlines that apply to you. If you have questions related to your business or industry, you should contact your accountant or bookkeeper.
Bellingham plastic bag ban to be replaced by new state law
Effective October 1, 2021
Bellingham's plastic bag ban will be replaced by Washington state's new plastic bag ban. This includes an increase from Bellingham's $0.05 fee for acceptable bags to $0.08. Learn more here.
Working Washington Grants: Border Business Relief Program
Available October 4 - 18, 2021
A grant of up to $50,000 will be available for customer-facing businesses that have faced hardship due to the restrictions on the US-Canadian border. Eligible businesses must have a physical location within a 20-mile radius of a Canadian border crossing or port and must be able to prove a reduction in business income or activity related to COVID-19. Learn more here.
COVID Economic Injury Disaster Loan Cap Increase
Loan approvals greater than $500,000 begin on October 8, 2021
The SBA has increased the COVID EIDL cap from $500,000 to $2 million. These funds can be used for any normal operating expenses and working capital. In addition to this, the SBA has implemented a deferred payment period, established a 30-day exclusivity window, expanded the eligible use of funds, and simplified affiliation requirements. Learn more here.
Want to receive these important dates and updates straight to your inbox?