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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

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. Workers’ compensation. New Jersey.

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Demystifying Taxes for Startup Founders: Deadlines You Need to Know

Shay CPA

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. By March 1, you need to both pay your franchise tax and file your annual report with the Delaware Division of Corporations. 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. Delaware Franchise Taxes) Training/education Utilities (e.g.,

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How to Efficiently Complete a Business Personal Property Rendition

CPA Practice

Most states tax personal property owned by businesses and require businesses to complete and file a personal property rendition every year. The exceptions to that rule are Delaware, Hawaii, Illinois, Iowa, Minnesota, New Hampshire, New Jersey, New York, North Dakota, Ohio, Pennsylvania, and South Dakota.

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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. The post What New York-Based Tech Companies Should Know About QETC Filings appeared first on Shay CPA.