Recent News
29
Oct
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 ...
15
Oct
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 ...
1
Oct
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, enabli...
24
Sep
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. Fre...
17
Sep
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 benefits, you may be ...
10
Sep
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 abl...
3
Sep
IRS SCAMS: WHEN IT’S REAL (AND WHEN IT’S NOT)
The latest scam
 
In a seemingly endless string of ...
5
Aug
IRS NOTICES FALSELY SENT TO DELAWARE EMPLOYERS

Delaware employers have been receiving IRS notices over the last 6+...

26
Jun
Scams, ID Theft and Cyber Criminals…Oh my!
Following the yellow brick road further and further into technical advantages has improved many things about our everyday life.  It has also put our perso...
19
Jun
Need Summer Help? Hire Your Children!
Summer is here and many businesses are rapidly ramping up for the heavier foot-traffic that comes with those busy summer months.  If you’re a...
10
Jun
Jim Arthur Named Managing Partner of Dover Office

Faw Casson is pleased to announce tha...

30
May
Independent Contractors: The Art of Worker Classification
In today’s world there are a plethora of ways to earn a salary, and to engage people to complete a job.  While some employers still employ workers i...
28
May
Brian Stetina Named Director of Operations

Faw Casson is pleased to announce that Brian J. Stetina, CPA has been elected to serve as the ...

24
Apr
Why are my Deductions so Low?
Despite all of the income tax rates that were reduced by the Tax Cuts and Jobs Act (TCJA), as well as the tax breaks that were expanded, some taxpayers may still see an increase from what ...
12
Mar
2018 Gift Tax deadline is approaching
Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine whether you’re required to fi...
28
Feb
Beware the Ides of March - if you own a pass-through entity

Shakespeare’s words don’t apply just to Julius...

18
Feb
Don Casson
The last of the Firm’s namesakes, Don Casson, passed away this past week. He was quite an accomplished individual. Although he retired in 1982, his leade...
12
Feb
3 big TCJA changes affecting 2018 individual tax returns and beyond

When you file your 2018 income tax re...

5
Feb
Two Major Tax Law Changes Impact Individuals
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 in the 2019 tax...
5
Feb
Depreciation-related breaks on business real estate:

Commercial buildings and improvements generally are deprec...

28
Jan
Faw Casson Turns 75!
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 f...
18
Dec
50+? Make up for lost deductions.
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 fi...
6
Nov
Teachers get a Little Break!
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 practice for these...
23
Oct
What Are The Essentials of HSAs, FSAs and HRAs?
The Affordable Care Act continues to be questioned regarding the uncertainty of how it will impact health care costs. Therefore, having an understanding of HSA...
9
Oct
Help for Delaware First-Time Home Buyers

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 State ...
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