1-800Accountant, America’s leading virtual accounting firm for small businesses, manages all of your demanding bookkeeping and accounting tasks with comprehensive end-to-end services designed to nurture and expand your small business in Delaware.
Business Tax Preparation: Get your taxes expertly prepared and filed by a CPA experienced in your industry so you're always secure about your business tax situation. Our CPAs, with more than 17 years of experience on average, can save your business thousands annually when you delegate the complexities of Delaware tax preparation to them!
Bookkeeping: Strengthen your financial foundation and manage cash flow with meticulous, error-free bookkeeping done for you that saves time and provides critical data-driven business insights. This detailed approach offers the best tools for interpreting data with easy-to-understand reporting, enabling your accountant to develop essential financial models.
Tax Advisory: Business tax considerations don't end in April. Through our affordable tax advisory service, you can receive the guidance you need when you need it year-round from a dedicated small business CPA. Strategic planning helps minimize your business tax liability in Delaware throughout the year while ensuring compliance.
Payroll: Save numerous hours each payroll period with our comprehensive payroll services handled for you, with regular tax submissions to the state of Delaware, ensuring accuracy and allowing you to focus on other vital areas of your business.
Business Formation: Experience the benefits of officially establishing your business in Delaware with our complimentary incorporation services. You only cover the state fees, and we manage the rest. Officially establishing your business puts you on a path to hire employees, open a business bank account, and enjoy an optimized business tax structure and maximum tax savings.
Delaware Corporate Tax Rates and Brackets
Corporate Tax Rate | Corporate Tax Bracket |
---|---|
8.7% | $0 |
When Do You Have to File Business Tax Returns in Delaware?
Partnerships Due Date - Annual Returns | C-Corp Tax Due Date - Annual Returns | S-Corp Tax Due Date - Annual Returns |
---|---|---|
March 15 | The 30th day of the fourth month after the close of the taxable year. If the entity is on a fiscal year, the due date is the 30th day of the third month after the corporation's tax year | The 30th day of the fourth month after the close of the taxable year |
LLC Renewal Dates and Fees in Delaware
How Often Do You Have to Renew Your LLC? | LLC Formation Filing Fee | LLC Yearly/Biennial Filing Fee |
---|---|---|
Annually | $90 | $300 |
Single Filers - Delaware Tax Rates and Brackets
Single Filer Rates | Single Filer Brackets |
---|---|
2.20% | $2,000 |
3.90% | $5,000 |
4.80% | $10,000 |
5.20% | $20,000 |
5.55% | $25,000 |
6.60% | $60,000 |
Single Filers - Delaware Exemptions and Deductions
Standard Deduction (Single) | Personal Exemption (Single) |
---|---|
$3,250 | $110 credit |
Married Filing Jointly - Delaware Tax Rates and Brackets
Married Filing Jointly Rates | Married Filing Jointly Brackets |
---|---|
2.20% | $2,000 |
3.90% | $5,000 |
4.80% | $10,000 |
5.20% | $20,000 |
5.55% | $25,000 |
6.60% | $60,000 |
Married Filing Jointly - Delaware Exemptions and Deductions
Standard Deduction (Couple) | Personal Exemption (Couple) |
---|---|
$6,500 | $220 credit |
When selecting an accountant or bookkeeper for Delaware, business owners should consider these factors:
Familiarity with Delaware Corporate Law: Choose a professional well-versed in Delaware's corporate laws and regulations, as the state is a leading jurisdiction for incorporation with specific legal benefits and compliance requirements.
Expertise in Business Entity Structures: Given Delaware’s popularity for business formations, select a financial professional knowledgeable in the advantages and implications of different business structures, including corporations, LLCs, and partnerships.
Experience with Non-Resident Tax Issues: For businesses incorporated in Delaware but operating elsewhere, it's crucial to have an accountant who is fluent in non-resident tax issues and can effectively navigate multi-state taxation.
Knowledge of Local Tax Incentives: Ensure your prospective accountant is familiar with Delaware-specific tax incentives, such as the New Economy Jobs Program, which can provide significant tax credits to qualifying businesses.
Understanding of Intellectual Property Management: With many tech companies and startups choosing Delaware for incorporation, an accountant experienced in managing the financial aspects of intellectual property is valuable.
*Based on a $12.2k average 2022 tax refund per client, which is 4x the cost of a full-service package. Source: first-party data.
*Includes average business tax preparation, form completion and submission, record keeping, and other misc admin time. Source.
*Historical first-party data.