Attention business owners: As you look ahead to the potentials that 2020 has in store for your company and all the success your hard work will bring, grab your phone or your trusty paper calendar and take note of these deadlines:
State Reporting
If your business is a Maryland entity, the State of Maryland requires all domestic and foreign entities to file
Annual Reports
and
Personal Property Tax Returns
by
April 15
in order to remain in good standing. Up until a few years ago, you could easily remember to do this because the State would automatically mail you a form. In case you have not noticed, they no longer automatically do this, but you can get them online. You can also request a two-month extension and/or annual reminders. Forms are available at
businessexpress.maryland.gov.
For businesses formed or registered in other states, you need to know when your reporting deadlines are for each state in which you do business. Many states follow the IRS tax deadline, but some do not. Each state also has a process to forfeit businesses that do not file their forms.
If you have been in business for a few years and have not noticed that the state does not automatically mail these forms, you may need to take a moment to check the status of your entity. HWK Law Group can help you bring your entity back into good standing, or even revive an entity that has been forfeited. Give us a call.
Employee Pay Data
Another deadline to keep in mind is September 30. That is the deadline for the EEOC to collect employee pay data?
This applies to employers with 100 or more employees
. It must be sorted by race, ethnicity and sex. The EEOC provides an online portal to employers for the purposes of providing the required information. Go to eeoc.gov for more information.
