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Shutting Down a Tech Company – Some Tax/Accounting Tips

Shay CPA

Don’t assume you’re off the hook until you have written confirmation from the appropriate authorities that your tax accounts are shut. . File away R&D tax credit and pandemic aid documentation. Copies of all tax returns and accounting records for the R&D credit year. File a final corporate tax return.

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Shutting Down Your Tech Company? Here’s What You Need to Know

Shay CPA

Submit your final tax filings Some states (including Delaware) require you to get fully paid up on your taxes before you can dissolve your corporation. You might need to pay the current calendar year’s franchise tax before you can officially close up shop, for example. The post Shutting Down Your Tech Company?