Delaware · No sales tax, franchise tax
CPA, bookkeeping & fractional CFO services in Delaware
Delaware is the most popular state to incorporate, has no sales tax and charges a gross receipts tax on businesses, along with annual franchise taxes for corporations and LLCs. CPA Torrance is a CPA-led firm based in Torrance, California that provides bookkeeping, tax planning, tax filing and fractional CFO support to Delaware businesses remotely.
- Serving all of Delaware remotely
- Delaware franchise tax and annual report tracked for you
- Monthly reporting included
In short
What do I owe each year for a Delaware corporation or LLC?
Delaware corporations file an annual report and pay franchise tax, which can be calculated under more than one method, and the default method can produce a surprisingly large bill for startups with many authorized shares. Delaware LLCs pay a flat annual tax. Businesses actually operating in Delaware also pay the gross receipts tax and Delaware income tax.
- State income tax
- Graduated
- State sales tax
- None
- Key business tax
- Franchise tax, gross receipts tax
- How we serve
- Remotely, statewide
Services in Delaware
What we do for Delaware business owners
From Wilmington financial firms to Dover and Newark small businesses and founders across the country who incorporated in Delaware, we keep entities compliant and books clean. We provide monthly bookkeeping, federal and Delaware tax planning, filings and CFO reporting from one coordinated team.
Bookkeeping Services
- Monthly reconciliations in QuickBooks Online
- Out-of-state sales tax tracking for remote sales
- Payroll and contractor payment review
- Monthly profit and loss and balance sheet
- Catch-up and clean-up bookkeeping
Tax Planning & Strategy
- Entity and S corporation review
- Franchise tax method comparison
- Federal and state estimated payments
- Multi-state income review
- Year-end tax planning meeting
Tax Filing & Compliance
- Federal business returns (1120, 1120S, 1065)
- Delaware franchise tax, annual report and gross receipts returns
- Owner individual returns
- IRS and state notice help
- Due-date tracking for every filing
Fractional CFO Services
- Cash-flow forecasts
- Budget versus actual reviews
- Margin and pricing analysis
- Lender- and investor-ready reporting
- Growth and hiring plans
Delaware tax planning
Planning around Delaware taxes
Delaware planning covers franchise tax method choice, the gross receipts tax, and the states where your Delaware company actually operates.
Book a 15-min callFranchise tax method
Startups with many authorized shares can often lower the bill sharply by using the assumed par value capital method. We recalculate it.
Foreign qualification
A Delaware company operating elsewhere usually registers and files in that state too. We track both.
Gross receipts tax
Businesses operating in Delaware pay tax on gross receipts by activity. We file it correctly.
Who we work with
Delaware industries we serve
We work with owner-led businesses across Delaware, with experience in the industries that drive the state economy.
Venture-backed startups
Delaware C corporations with investor reporting.
Financial services
Banks, card issuers and advisory firms.
Healthcare
Practices and healthcare service companies.
Logistics
Distribution businesses along the I-95 corridor.
E-commerce sellers
Online brands with Delaware sales tax, inventory and multi-channel books.
Professional firms
Consultants, agencies and law firms billing by the hour, project or retainer.
Why Delaware businesses choose CPA Torrance
Areas we cover
Serving businesses across Delaware
Businesses in Wilmington, Dover, Newark, Middletown, Lewes work in banking, chemicals, healthcare, logistics and corporate services. CPA Torrance helps Delaware businesses, including those owned from out of state, stay compliant and organized through remote meetings.
- Wilmington
- Dover
- Newark
- Middletown
- Lewes
- Rehoboth Beach
- Smyrna
- Milford
- Video meetings on your schedule
- Secure document portal for statements and returns
- Cloud accounting you can see any time
FAQ
Delaware business tax and accounting questions
Not covered here? A 15-minute call gets you a straight answer for your situation.
What financial services can CPA Torrance provide to Delaware businesses?
We provide monthly bookkeeping, federal and Delaware tax planning, business tax filing and fractional CFO services. Everything runs from one set of books, so your bookkeeper, CPA and CFO advisor work from the same numbers.
Why is my Delaware franchise tax bill so high?
The default authorized shares method can produce a large bill. Many startups owe far less using the assumed par value capital method, which requires reporting gross assets and issued shares.
Do I need to file in my home state too?
Usually yes. If your Delaware company operates in another state, it typically registers there and files that state returns.
Does Delaware have a sales tax?
No. Delaware has no sales tax, but businesses operating there pay a gross receipts tax.
Can CPA Torrance work with Delaware businesses remotely?
Yes. We serve businesses across Delaware, including Wilmington, Dover, Newark, Middletown, Lewes, Rehoboth Beach, Smyrna and Milford, through video meetings, a secure document portal and cloud accounting you can see any time. Our office is in Torrance, California.
How do I get started?
Book a 15-minute call or request a free financial assessment. We review your books, tax position and systems and recommend the right mix of support for your Delaware business.
Get your Delaware books and taxes in order.
Book a call to review bookkeeping and tax planning for your Delaware business.