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Deloitte Picks Up an EY Alum As Chief Tax Officer-in-Residence

Going Concern

“Whether directing large corporate tax departments or leading small in-house teams, today’s chief tax officers share common challenges,” said Carrie Falkenhayn, partner, Chief Tax Officer Program leader, Deloitte Tax LLP.

Tax 52
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Shrinking the Delaware Tax Loophole: Other U.S. States to Incorporate Your Business

inDinero Tax Tips

The Delaware franchise tax. A franchise tax is a charge by states on corporations to conduct business in their state. Currently, Alabama, Arkansas, Delaware, Georgia, Illinois, Louisiana, Missouri, New York, North Carolina, and Oklahoma have a franchise tax. Your very own Delaware corporate tax calendar.

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Mastering Form 2553: Unlocking the Benefits of S Corp Tax Election

inDinero Tax Tips

The IRS website provides a helpful chart that indicates which states should send the form to the IRS Center in Kansas City, Missouri, and which states should send it to Ogden, Utah. S corporation status offers limited liability protection to shareholders, protecting their personal assets in case the business fails.

Tax 52
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More Than a Loophole: Delaware Sales Tax and Other Benefits of Incorporation in DE

inDinero Tax Tips

And there’s no state corporate income tax on goods and services provided by Delaware corporations that operate outside of the state. Delaware holding companies benefit from no corporate tax on interest and other investments. The state also doesn’t impose personal property tax.

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Friday Footnotes: Baker Tilly Did What!?; Internship Ranking Winner Same As Last Year; Pillar II to Be a PITA | 10.25.24

Going Concern

. — Going Concern (@going_concern) October 23, 2024 Local Potsdam village officials to begin search for new auditing firm [ North Country Now (New York)] The country-wide municipal mess continues… The village [of Potsdam, NY] is looking for a new firm to complete its annual fiscal audit.