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Shutting Down a Tech Company – Some Tax/Accounting Tips

Shay CPA

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. New Jersey.

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Demystifying Taxes for Startup Founders: Deadlines You Need to Know

Shay CPA

If you’re working with a payroll company, inform them of any affected employees so they can mark that on their W-2s before they get sent out. By 3/1: Deal with your Delaware to-dos Since so many tech companies are incorporated in Delaware, we wanted to call out deadlines specific to the state. Disregard that.

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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. Amazon, Staples) Payroll (e.g., Clearly, tax prep isn’t easy.

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