Mar 15, 2022
Rebate Program Would Potentially Send $300 to Every Delaware State Tax Filer this Spring
A week after a plan to rebate approximately $100 million to Delaware citizens was proposed, State lawmakers reached an agreement on a bipartisan plan to significantly increa... Read More
Feb 2, 2022
Advance Child Tax Credit Letters from IRS May not be Accurate
During 2021, taxpayers with qualifying children 17 years old and younger received monthly payments of a portion of their Child Tax Credit, unless they opted out. (For m... Read More
Jan 18, 2022
Tax Extenders That Expired at the End of 2021
Often, we see tax extenders slated to expire at year’s end get extended at the last moment. That has not been the case as 2021 drew to a close. There w... Read More
Jan 11, 2022
Welcome to Faw Casson, Alona and Erica!
Please join us in welcoming two new hires to our team! Erica Portillo will be working out of our Dover, DE office and Alona Blakeman will be available at our Rehoboth Beach, D... Read More
Jan 4, 2022
Three Changes for Individual Tax Filing in 2022
Happy New Year! It’s time to start watching for important tax documents arriving in the mail and gathering files from 2021. As we enter 2022 and prepare for ... Read More
Dec 21, 2021
Feeling generous at year end? Strategies for donating to charity or gifting to loved ones,
As we approach the holidays, many people plan to donate to their favorite charities or give money or assets to their loved ones. Here are the basic tax rules involved in these... Read More
Dec 1, 2021
Tax Provisions Within the Infrastructure Bill
President Biden signed the $1 trillion bipartisan infrastructure bill (the Bill) into law on Monday, November 15, 2021. The plan is slated to put $550 billion into things su... Read More
Nov 16, 2021
Get your piece of the depreciation pie now with a cost segregation study
If your business is depreciating over a 30-year period the entire cost of constructing the building that houses your operation, you should consider a cost segregation study.... Read More
Nov 10, 2021
Happy Retirement, Steve!
It is with great sadness (for us) and happiness (for him) that Faw Casson bids Steve Gannon the most wonderful retirement. Steve has been maintaining the networks ... Read More
Nov 2, 2021
5 Shrewd Tax Planning Moves to Make Before Year-End
Tax laws come and go, but one thing that doesn’t change is the fact that year-end offers unique opportunities to save money on your business taxes.
Here ... Read More
Oct 5, 2021
Selling a home: Will you owe tax on the profit?
Many homeowners across the country have seen their home values increase recently. According to the National Association of Realtors, the median price of homes sold in July o... Read More
Sep 28, 2021
Planning for year-end gifts with the gift tax annual exclusion
As we approach the holidays and the end of the year, many people may want to make gifts of cash or stock to their loved ones. By properly using the annual exclusion, gifts to ... Read More
Sep 21, 2021
Succession Planning Strategies: 5 Questions to Ask Before Selling Your Business
Succession planning probably isn’t high on the priority list of many business owners. After all, owners have lots of things to think about other than the day when some... Read More
Aug 24, 2021
Delaware and Maryland Minimum Wage Requirements
Minimum Wage in Delaware
The minimum wage in Delaware is on the rise, with legislation to raise the rate to $15 per hour by 2025, recently signed into law by Governor Car... Read More
Aug 10, 2021
PROMOTIONS!
Congratulations to our most recent promotion recipients. We are so proud of each of you and what you bring to our team.