article thumbnail

Accountants Behaving Badly: Egg Accountant Finally Cracked, and Lots of Embezzlement

Going Concern

listed Chinese biotechnology company to carry out a “brazen” $400 million accounting fraud. Ex-Hillandale Farms accountant admits to $6.8 Weston, a former accountant at Hillandale Farms, engaged in the scheme with his late secretary and bookkeeper — known in court records only as VP — to steal $6.8 and became a federal felon.

Account 52
article thumbnail

More Than a Loophole: Delaware Sales Tax and Other Benefits of Incorporation in DE

inDinero Tax Tips

Other states that have a franchise tax include Alabama, Arkansas, Delaware, Georgia, Illinois, Louisiana, Missouri, New York, North Carolina, and Oklahoma. You don’t need a bank account in Delaware or Nevada to incorporate in those states. The amount of franchise tax and how each state calculates the tax varies.

article thumbnail

Shrinking the Delaware Tax Loophole: Other U.S. States to Incorporate Your Business

inDinero Tax Tips

Currently, Alabama, Arkansas, Delaware, Georgia, Illinois, Louisiana, Missouri, New York, North Carolina, and Oklahoma have a franchise tax. You don’t need a bank account in Delaware or Nevada to incorporate in those states. intellectual property, stocks, bonds, and bank accounts) assets in Wyoming.