Faw Casson

Recent News

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