Filed Your Taxes on Time? Here’s What to Do Next (And What If You Didn’t)

Filed Your Taxes on Time? Here’s What to Do Next (And What If You Didn’t)

Tax Day has come and gone—and whether you’re a small business owner, entrepreneur, or individual taxpayer, it’s normal to wonder what happens next. If you filed your taxes on time this year, congratulations! That’s a big win. But your financial picture doesn’t stop on April 15.

In this guide, we’ll walk you through what to do after filing, how to stay organized, and how to set yourself up for a smoother, more strategic tax season next year. And if you missed the deadline, don’t worry—we’ve got tips for you, too.

✅ Filed on Time? Here's What to Do Next

1. Track Your Refund
If you’re expecting a tax refund, use the IRS “Where’s My Refund?” tool to track your payment. E-filers with direct deposit often see refunds within 21 days. If it’s been longer, there could be a delay due to errors or additional IRS review.

2. Store Your Tax Documents Securely
Always keep a copy of your full return, including all supporting documents and schedules. These may be needed for loan applications, financial planning, or if the IRS requests more information. Store them securely—preferably both digitally and physically.

3. If You Owe Taxes, Pay or Set Up a Plan
Did you owe taxes this year? If you weren’t able to pay the full amount by April 15, interest and penalties are accruing. The IRS offers payment plans, including:

• Short-term payment arrangements (up to 180 days)

• Long-term installment agreements

Working with a tax professional like Acctually can help you avoid missteps and set up the right plan quickly.

4. Adjust Your Withholding or Estimated Payments
Getting a large refund or tax bill year after year? It may be time to adjust your tax withholding or estimated payments. This is especially important for business owners, freelancers, and 1099 contractors. We can help review your numbers and make smart midyear changes.

5. Start Planning for Next Year—Now
Staying organized throughout the year is key. Use accounting software to track income and expenses, save receipts digitally, and log business deductions. For small business owners and entrepreneurs, working with a bookkeeping and accounting team ensures nothing slips through the cracks. Give us a call at Acctually—our dedicated bookkeeping and accounting team is here to make sure you’re set up for success

❗Missed the Tax Deadline? Don’t Panic—Here’s What to Do

If you didn’t file by April 15, here’s what you need to know:

• File ASAP: The longer you wait, the more penalties and interest you may face—especially if you owe.

• Owe taxes? Expect a failure-to-file penalty (up to 5% per month) on top of a failure-to-pay penalty (0.5% per month).

• Due a refund? There’s no penalty, but you still need to file to claim it—and you only have three years to do so.

• Filed an extension? Great—you have until October 15 to file, but remember, the extension doesn’t delay your tax payment due date.

Need help filing late or navigating IRS notices? Let Acctually take the stress off your plate. Schedule a time to chat with our team and see how we can support you.

📌 The Bottom Line

Whether you filed on time or missed the deadline, this is a great moment to reassess and plan ahead. Staying on top of your taxes and finances throughout the year is one of the best ways to reduce stress and save money.

✅ Let Acctually Help You Stay Tax-Ready Year-Round

At Acctually, we specialize in accounting, bookkeeping, and tax services designed for small business owners, entrepreneurs, and individuals who want peace of mind and proactive support. Whether you need help cleaning up your books, filing late returns, or planning ahead for next tax season—we're here to help.

👉 Schedule your free consultation today and let’s make your finances one less thing to worry about.

Get in touch with Acctually to learn how we can help!

📧 Email us at hello@acctually.com
🌐 Visit us at https://acctually.com/
📞 Call us at (800) 707-6160