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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.

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Tax Season 2024- Get Your Books Ready in 6 Steps

Shay CPA

Amazon, Staples) Payroll (e.g., Gusto, Justworks) Rent (including WeWork/coworking spaces) Taxes (e.g., Delaware Franchise Taxes) Training/education Utilities (e.g., 4: Reconcile your accounts Start by reconciling what you’re showing in your bookkeeping software or spreadsheets with your account statements.

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