WDOR Provides Steps to Close a Business
Jeff Storch | 08.05.16
Closing a business can be complicated, and doing it improperly can increase costs and liability risks. Boardman Clark’s business team can help guide you through the process.
In the July 2016 issue of the Wisconsin Tax Bulletin (#194), the Wisconsin Department of Revenue (WDOR) provided a handy checklist for steps to close your business with the WDOR. These include addressing:
- Employee Withholding Tax
- Sales and Use Tax
- Income or Franchise Tax
- Other Tax Types
- Federal responsibilities (including a link to a similar IRS checklist).
The issue is available here: https://www.revenue.wi.gov/ise/wtb/194.pdf#page=1
DISCLAIMER: The information provided is for general informational purposes only. This post is not updated to account for changes in the law and should not be considered tax or legal advice. This article is not intended to create an attorney-client relationship. You should consult with legal and/or financial advisors for legal and tax advice tailored to your specific circumstances.