For business owners, year-end tax planning is an opportunity to maximize deductions, manage income, and position your business for financial success in 2025. Whether you&rsquo... Read More

As we approach tax season, inflation has triggered several notable adjustments that will impact individual taxpayers, families, and estates alike. Here’s a rundown of ... Read More

In a significant move for both employers and employees, the IRS has issued new guidance under Notice 2024-63, providing clarity on a groundbreaking provision of the SECURE 2... Read More

If you're 70½ or older and own an IRA, you have a fantastic option to make a difference in your community while benefiting from significant tax savings. In 2024, ... Read More

In a recent announcement, the IRS has issued a strong warning to taxpayers regarding misleading claims circulating about a so-called "Self-Employment Tax Credit." ... Read More

The Delaware General Assembly has passed House Substitute No. 2 for House Bill No. 168, as amended by House Amendment No. 1, aimed at revising lodging tax regulations. This ... Read More

Faw Casson firm is delighted to announce the recipients of the 2024 Faw Casson Future Accounting Scholarships. Each year, this initiative recognizes high school seniors who de... Read More

The Delaware EARNS (Expanding Access for Retirement and Necessary Savings) program is a state-mandated retirement savings initiative aimed at increasing access to retirement... Read More

As employers across the United States prepare for the implementation of new overtime rules, it's crucial to understand the intent and phased approach outlined in the Fin... Read More

Brian Stetina, CPA, has been honored as one of Forbes Top 200 CPAs in the United States, an accolade that underscores not only his individual expertise but also the high lev... Read More

Taking cash out of your corporation without incurring a heavy tax burden, especially avoiding the higher taxes associated with dividend treatment, requires strategic plannin... Read More

In the ever-evolving landscape of tax regulations and relief programs, the Internal Revenue Service (IRS) has introduced a significant update to its Employee Retention Credi... Read More

Property taxes can be a significant expense for homeowners, especially for those on a fixed income or with limited financial resources. To address this, both Delaware and Ma... Read More

Preparing 1099 forms is an essential task for businesses and individuals who hire independent contractors, freelancers, other non-employees or pay rent. The process involves... Read More

In the landscape of financial regulation, the Corporate Transparency Act (CTA), which became law as part of the National Defense Authorization Act (NDAA), marks a significan... Read More