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Your Essential Guide to the Delaware Annual Filing – 2024

Shay CPA

Every corporation incorporated in the State of Delaware is required to file an Annual Franchise Tax Report and pay the associated franchise taxes. The purpose of this tax is to maintain the corporation’s good standing status within the state.

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Shutting Down a Tech Company – Some Tax/Accounting Tips

Shay CPA

Close your accounts. You’ve probably already thought about closing your bank accounts, but that’s not the only area where you need to get things sorted. Specifically, you should look at: Payroll accounts, including withholding, Department of Labor, and state unemployment insurance accounts. Sales tax accounts.

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Tax Season 2024- Get Your Books Ready in 6 Steps

Shay CPA

Plus, getting things in order before you go to your accountant can streamline the process, helping you avoid extra expenses like troubleshooting services from your bookkeeper or rush-order billable hours with your CPA. Very few founders enjoy doing their taxes. If you are the finance team, do this work yourself.

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What New York-Based Tech Companies Should Know About QETC Filings

Shay CPA

If you set up your corporation in Delaware, for example, but you have a New York location, you can still qualify. Capital Tax Credit for Investors This credit goes to individuals or businesses that make a qualified investment in a QETC. The amount of the credit hinges on how long the investment will be in play.

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What New York-Based Tech Companies Should Know About QETC Filings

Shay CPA

If you set up your corporation in Delaware, for example, but you have a New York location, you can still qualify. Capital tax credit for investors This credit goes to individuals or businesses that make a qualified investment in a QETC. The amount of the credit hinges on how long the investment will be in play.