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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. Key Dates and Deadlines for Startups The Delaware Annual Franchise Tax Report is due by March 1st each year.

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State CPA Society News & Updates – June 2023

CPA Practice

State CPA Society News & Updates is a round-up of recent announcements and initiatives by CPA associations in the United States and its territories. The Massachusetts Society of CPAs ( MassCPAs ) recently launched a scholarship to honor the legacy of current Society President and CEO Amy A.

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Why a Delaware Statutory Trust is a Viable Alternative to Debt Replacement

CPA Practice

million or more, and second, it should account for the $400,000 debt from the previous property. Delaware statutory trust In the face of these changing realities, many investors are turning to another viable solution: exchanging the debt with an investment in a Delaware statutory trust (DST). First, it must be valued at $1.4

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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. That can give you and your accountant a good foundation to build on for this year.

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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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Accountants Behaving Badly: Kickback Schemes, Hiding Money From the IRS, Embezzlement Spree

Going Concern

Plus, Pennsylvania accountant loves tax evasion, North Carolina CPA indicted on securities fraud charge, and Kentucky accountant gets jail time for sex trafficking. Accountant sentenced to prison for role in doctor-bribery scheme [ Press-Telegram ]. Drobot, who owned Pacific Hospital in Long Beach.

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The New Tax Court Limited Partnership Ruling: What to Know

CPA Practice

While this sentence may be clear, the implications for accounting firms in knowing how to advise clients may be a bit blurry. This recent decision extends that interpretation to state law limited partners in state law limited partnerships, making it crucial for accountants and finance teams to understand its implications.

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