Feb 13, 2020
Tax Breaks and Best Practices in Agriculture
Thursday, February 14 Lisa Hastings presented on best practices and tax breaks for farmers at the MidAtlantic Women in Agriculture Conference.
THE FEDER... Read More
Feb 4, 2020
New Tax Updates: What You Need to Know for 2020
It’s a new year and what better way to get off on the right foot than to make sure you’re ready for maximum tax savings and retirement planning? We’v... Read More
Jan 14, 2020
What to Know About the Qualified Business Income Deduction
The qualified business income deduction (also known as Section 199A) was a significant part of the Tax Cuts and Jobs Act of 2017. It allows business owners of various entity... Read More
Jan 7, 2020
Charitable Contributions: A Brilliant Deduction
Whether it be your church, synagogue, or other nonprofit, you probably have a list of charities that you feel passionate about donating to. Surely, your annual contribution ... Read More
Dec 13, 2019
FINAL OVERTIME RULE EFFECTIVE JANUARY 1, 2020
New overtime rules will commence in the new year that may affect a number of employers and their employees; the US Department of Labor (DOL) has announced their final rule i... Read More
Nov 26, 2019
Using your 401(k) Plan to Save this Year and Next
You can reduce taxes and save for retirement by contributing to a tax-advantaged retirement plan. If your employer offers a 401(k) or Roth 401(k) plan, contributing to it is... Read More
Nov 5, 2019
Update: Delaware Employers Receiving Incorrect IRS Notices
On August 5th Faw Casson issued a special alert addressing incorrect IRS notices many Delaware employers have been receiving throughout 2019. These notices claim to assess unp... Read More
Oct 29, 2019
Deferring Capital Gain: Qualified Opportunity Zones
The Tax Cuts and Jobs Act (TCJA) adopted in December 2017, is providing the opportunity of deferring and possibly reducing the recognition of capital gain prior to December ... Read More
Oct 15, 2019
The Importance of Tax Planning
The time of year has arrived where we become a little less busy and life goes back to “normal.” School is back in session, summer vacations are in the rearview, ... Read More
Oct 1, 2019
It's a Good Time to Buy Business Equipment
There’s good news about the Section 179 depreciation deduction for business property. The election has long provided a tax windfall to businesses, enabling them to cla... Read More
Sep 24, 2019
Selling Your Home? Consider These Tax Implications
Spring and summer are the optimum seasons for selling a home. And interest rates are currently attractive, so buyers may be out in full force in your area. Freddie Mac repor... Read More
Sep 17, 2019
You May Have to Pay Tax on Social Security Benefits
During your working days, you pay Social Security tax in the form of withholding from your salary or self-employment tax. And when you start receiving Social Security benefi... Read More
Sep 10, 2019
Expenses that teachers can and can't deduct on their tax returns
As teachers head back for a new school year, they often pay for various expenses for which they don’t receive reimbursement. Fortunately, they may be able to deduct th... Read More
Sep 3, 2019
IRS Scams: When it's real (And When it's Not)
The latest scam
In a seemingly endless string of IRS impersonations, the Internal Revenue Service is warning taxpayers about the newest scam they’re seeing.&n... Read More
Aug 5, 2019
IRS NOTICES FALSELY SENT TO DELAWARE EMPLOYERS
Delaware employers have been receiving IRS notices over the last 6+ months claiming they have unpaid payroll taxes from 2016. Some show assessments in excess of $10,000, inc... Read More