When you file your 2018 income tax return, you’ll likely find that some big tax law changes affect you — besides the much-discussed tax rate cuts and reduced ite... Read More

Commercial buildings and improvements generally are depreciated over 39 years, which essentially means you can deduct a portion of the cost every year over the depreciation ... Read More

Although most of the provisions under the Tax Cuts and Jobs Act (TCJA) actually went into effect in 2018, there are two major changes that will impact individuals beginning ... Read More

2019 marks Faw Casson’s 75th year serving our clients and our community. We would like to sincerely thank each and every one of you for your continued trust in our fir... Read More

Did you rely heavily on the many itemized deductions that the Tax Cuts and Job Act (TCJA) has eliminated or reduced?  If you are still trying to find viable solutions to ... Read More

School is back in swing and as you can imagine teachers spend a lot of time setting up for the new school year.  We all know a few teachers and it has been a common pract... Read More

The Affordable Care Act continues to be questioned regarding the uncertainty of how it will impact health care costs. Therefore, having an understanding of HSAs, FSAs and HRAs... Read More

History of the Transfer Tax During the 2017 Delaware Legislative session, the Delaware Real Estate Transfer Tax was raised from 3% to 4% in an effort to help balance the ... Read More

Although Congress threatened to reduce the benefits of the home sale exclusion, the final version of the new Tax Cuts and Jobs Act (TCJA) did not include a crackdown. As a res... Read More

Retaining the most money after taxes is one of the top concerns of any corporation.  There are different corporation types, however, and the type of corporation you cho... Read More

After an elongated session on June 30, 2018, the 149th Delaware General Assembly settled multiple bills. The work completed during the session included many crucial legislativ... Read More

The Tax Cuts and Jobs Act’s (TCJA’s) significant changes to income taxes have received a lot of attention, and with good reason. The new law also altered gift an... Read More

There are three main tax-related deadlines affecting businesses and other employers during the third quarter of 2018: July 31st, August 10th, and September 17th.   ... Read More

The new Tax Cuts and Jobs Act (TCJA) creates a brand-new deduction for pass-through entities, designed to provide a balance to corporations benefiting from tax rate cuts. Bu... Read More

The new Tax Cuts and Jobs Act (TCJA) of 2017 is designed to stimulate business growth by cutting corporate tax rates and enhancing tax benefits for acquiring business property... Read More