Remove Delaware Remove financial statements Remove tax accountant
article thumbnail

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. Accounts payable. New Jersey.

article thumbnail

Qualified Small Business Stock (QSBS) and Recent Court Cases

Shay CPA

For tech founders, the appeal of QSBS lies in its potential to significantly reduce the tax burden upon an exit event, such as a merger or acquisition. Since many startups are formed as Delaware C-corporations and fall under the $50 million gross assets threshold during their early stages, they have a high likelihood of qualifying for QSBS.

CPA