Can you deduct the full amount of your itemized deductions on your 2017 tax return? Under current law, deductions are reduced for certain upper-income taxpayers under the &l... Read More

The historic new tax reform law—the Tax Cuts and Jobs Act (TCJA)—was finally signed into law by President Trump on December 22, 2017. This massive overhaul of th... Read More

With rising health care costs, claiming whatever tax breaks related to health care that you can is more important than ever. But there’s a threshold for deducting medi... Read More

One sure sign that spring is coming: It is time to prepare to file your annual tax return. You can alleviate some of the usual stress if you have your 2017 return professional... Read More

YOU BRING THE QUESTIONS.   WE’LL BRING THE COFFEE.   Get all of your questions about how the tax reform bill will impact your business answered. ... Read More

At this point, it is still uncertain whether any significant tax reform will be enacted this year. Keeping that in mind, individual taxpayers may stick with “tried-and... Read More

As with individuals, year-end tax planning for businesses remains somewhat uncertain. However, the Protecting Americans from Tax Hikes (PATH) Act of 2015 preserved certain t... Read More

  As we approach the end of 2017 it is time to start thinking about the preparation of Form 1099-MISC.    Most frequently utilized is Nonemployee com... Read More

Faw Casson is pleased to announce that Kristina Mujica, an Associate Accountant in our Dover office, has successfully obtained certification as a Certified Bookkeeper (... Read More

If you are a successful business owner, you should prepare for the day when you hand over the reins—perhaps to a younger family member—or sell the business outrigh... Read More

  Today we are going to discuss how to identify if your dependents qualify for the dependency exemption on your tax return.   Generally, your children... Read More