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Shutting Down a Tech Company – Some Tax/Accounting Tips

Shay CPA

Specifically, you should look at: Payroll accounts, including withholding, Department of Labor, and state unemployment insurance accounts. Sales tax accounts. State franchise and income tax accounts. File away R&D tax credit and pandemic aid documentation. File a final corporate tax return.

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Making Tax Digital for Income Tax Self Assessment: Our guide to Unique Taxpayer Reference numbers

Xero

A UTR is a 10-digit number that helps HMRC to identify you or your business, enabling them to find your tax account and match your payment with your bill. You will need to use this UTR number to submit tax returns, pay tax bills, or work with an accountant. Where to find more information.

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HMRC Business Enquiry/ HMRC Corporate Enquiry

Accounting Insight

A large business tax enquiry / corporate tax enquiry is carried out by HMRC’s ‘Large Business’ directorate and ‘Wealthy & Mid-sized Business Compliance’ directorate. Remember, a corporate tax enquiry is not routine, despite what HMRC may suggest. What is a business tax enquiry / hmrc corporate enquiry ?

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Calculating the benefits of direct tax software

ThomsonReuters

As the burden of corporate tax compliance mounts, companies are increasingly turning to tax and accounting firms for help in complying with direct tax requirements. And so, we think about how accurate is the information on a tax return or a report that is ultimately filed with the taxing authority.

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Lost Accounting Data – Emergency Plan for Limited Company Contractors

Cheap Accounting

Company Accounts and Corporation Tax Return – annual filing. You would do this in two places: Via your Business Tax Account with HMRC for VAT, Self Assessment, PAYE and Corporation Tax. If you do not have a Business Tax Account then this really is the time to get one.

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Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

xendoo

From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate. For example, LLCs that opt for the IRS to tax them as corporations are subject to corporate tax rates.

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Business Entity Type Guide: Should You Change Your Business Structure?

Steve Feinberg

An S or C Corporation offers the most legal protection for business owners, for example, but is also subject to tighter regulations and fees. The most common types of businesses are Sole Proprietorship, Partnership, Limited Liability Company (LLC), and Corporations (taxed as S or C). What are the Different Business Structures?

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