Sep 26, 2018
This Tax Shelter is Still Standing
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
Aug 14, 2018
Should S Corporations Switch to C Corporations?
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
Aug 7, 2018
Delaware Legislative Changes
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
Jul 3, 2018
The TCJA’s Impact on estate planning
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
Jun 25, 2018
Key deadlines for businesses and other employers in the Third Quarter
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
Jun 5, 2018
Sizing up New Deduction for Pass-Through Entities
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
May 24, 2018
Four Key Changes for Depreciation Deductions
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
Apr 17, 2018
Tax Reform: Benefits for Individual Taxpayers
Hi, I’m Tammy Ordway, Director of Entrepreneurial Services, with Faw Casson, and today I’m going to discuss with you the Jobs Act (2017 Tax Cuts and ... Read More
Mar 13, 2018
Using the IRS Withholding Calculator and the new Form W-4
On February 28th, the IRS released the Withholding Calculator and new Form W-4. Employees are encouraged to go on the IRS website and use the calculator to fin... Read More
Feb 28, 2018
Do You Have to File a Gift-Tax Return?
Did you make gifts to family members in 2017? As long as the gifts did not exceed the limits for the annual gift-tax exclusion, you should have no federal gift-tax worries. ... Read More
Feb 26, 2018
Tricky Tax Rule for Itemized Deductions
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
Feb 13, 2018
Overview of the New Tax Reform Law
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
Feb 6, 2018
TCJA temporarily lowers medical expense deduction threshold
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