The Small Business Tax Help Blog

Posts Tagged ‘small business tax dates’

Question: Company has not done any business, still responsible for paying any tax?

If a corporation started November 2006 and has not done any monetary transactions as of date. What taxation liabilities are they responsible for?

Corporation Located in New York City.
I don’t have an accountant and at the moment of starting up can’t afford one at the moment. Can someone point me in the right path to finding out more what I have to do. For example perhaps a handout to read or what forms to file etc. Thanks in advance

Answer: Here is a link to taxes for corporations in NY and a link to the NY Dept of Revenue.

For a C corp there is a fixed dollar minimum tax of $100, and for an S corp the fixed dollar minimum tax is $100.

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