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million in grant income in 2024 (accrualaccounting). Potential Solutions for Grant-Funded Startups Choose the Appropriate Accounting Method Accrual Method Typically matches grant income recognition to the period in which R&D expenses are incurred, providing a more aligned view of revenue vs. expenses.
Delaware Corporations March 1st, 2024: Delaware Annual Franchise Report C-Corporations April 15th, 2024: Form 1120 – File return and pay tax due. In addition to annual business tax deadlines, businesses are also responsible to know when taxes are due for quarterly payroll taxes.
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