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
Jan 16, 2018
7 Steps for Tax Season
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
Dec 20, 2017
Tax Reform Update
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
Dec 12, 2017
Seven Time-Tested Year-End Tax Tactics
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
Dec 11, 2017
Five Year-End Moves for Small Businesses
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
Dec 5, 2017
Preparing Form 1099-MISC
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
Nov 22, 2017
Kris Mujica Earns Bookkeeper Accreditation
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
Oct 26, 2017
Five Steps to Prepare a Business for Sale
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