Recent News

Mar 24, 2020

UPDATE: GOVERNMENT EXTENDS DUE DATES


Federal Government In an announcement March 20, Treasury Secretary Steven Mnuchin stated that the filing deadline for all individuals and businesses has been moved from Apr... Read More

Mar 18, 2020

Government Extends Payment Due Date


UPDATED ARTICLE 3/21:  https://www.fawcasson.com/news2/UPDATE--GOVERNMENT-EXTENDS-DUE-DATE.htm   Federal Government   In a press announcement M... Read More

Mar 16, 2020

CORONAVIRUS: Impact on Tax Season


In the past few weeks we have started to feel the impact of the Coronavirus Pandemic (COVID-19) here on the East Coast.  As much is still unknown about how this will af... Read More

Feb 25, 2020

The Tax Extenders of 2020


The Taxpayer Certainty and Disaster Tax Relief Act of 2019, which was signed into law in December 2019, extended many already expired provisions.  These tax benefits ar... Read More

Feb 18, 2020

How Will the SECURE Act Impact You?


Most of the recently passed Consolidated Appropriation Act of 2020 focuses on extenders, tax law changes and general federal budgeting.  A piece of this Act that’... Read More

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 19, 2019

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

Nov 12, 2019

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 to... 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



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