article thumbnail

State Income Tax Planning Considerations for a Liquidity Event

Withum

Make sure you are considering the type of income when implementing state income tax planning techniques. State Tax Rates States without personal income taxes allow taxpayers to significantly reduce their overall tax liability. Trust Planning Each state has different rules regarding the income tax of trusts.

article thumbnail

Professionals on the Move – Jan. 2024

CPA Practice

She helped found the Delaware chapter of the ACE Mentor Program in 2010. Since 2001, she has served as Treasurer to the Delaware chapter of the Construction Financial Management Association. LGA, LLP Welcomes Jeffrey S. Levine, CPA, MST, as the Director of Financial Strategies.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

tax 52
article thumbnail

The Benefits of Delayed Business Filings

CPA Practice

Administrative considerations: If administrative or logistical challenges could cause delays, planning for a later filing date may provide the necessary time to address and overcome these issues. States with tighter schedules include Illinois and New York (up to 60 days) and Virginia (up to 15 days).

article thumbnail

The 10 Best Property Taxes By States in 2021: Move Here to Save Money!

LyfeAccounting

So although property taxes are very low in the district of Columbia, it may not be the most affordable place to own property. And it’s no surprise that Delaware has very low property taxes. constitution, and it also seems like they ratified low taxes. All in all, Delaware is a great state to own property in.

article thumbnail

The 10 States With the Lowest Property Taxes in 2021

LyfeAccounting

So although property taxes are very low in the district of Columbia, it may not be the most affordable place to own property. And it’s no surprise that Delaware has very low property taxes. constitution, and it also seems like they ratified low taxes. All in all, Delaware is a great state to own property in.

article thumbnail

Challenges Facing the Real Estate Industry in the Wake of COVID & the Election

KROST

Volume 3, Issue 3 highlights some of the hot topics in real estate including 1031 Exchange, Cost Segregation, Opportunity Zones, Qualified Improvement Property, Delaware Statutory Trusts, and Green Building Tax Incentives.