Faw Casson

Recent News

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.  

Aug 6, 2021

Alison Andrews, CPA Named Best Accountant in Sussex County, DE


We are honored to have had our Rehoboth Beach, Delaware office Managing Partner, Alison Andrews, CPA,  voted as Best Accountant in Sussex County, DE.  We are ve... Read More

Jul 30, 2021

Accounting and Accountability: Episode 20


Listen to Accounting and Accountability by clicking here.    Some highlights from our latest podcast:   We discuss President Biden revisiting his pr... Read More

Jul 20, 2021

The Delaware Contractor Registration Act


  In a recent change to the rules surrounding the licensing and registration of those businesses that perform contracting services, the Delaware Contractor Registrat... Read More

Jul 6, 2021

Sales and Use Tax After the Wayfair Case


It has been nearly three years since a major U.S. Supreme Court decision was handed down that changed sales and use tax rules for businesses selling products and services re... Read More

Jun 15, 2021

Tax Implications of Working in a Gig Industry


Before the COVID-19 pandemic hit, the number of people engaged in the “gig” or sharing economy had been growing, according to several reports. Reductions in work... Read More

Jun 8, 2021

Many Parents Will Receive an Advance Tax Credit Beginning July 15


Eligible parents will soon begin receiving payments from the federal government. The IRS announced that the 2021 advance Child Tax Credit (CTC) payments, which were created ... Read More

Jun 1, 2021

Questions After Filing Your Return?


Even after your 2020 tax return has been successfully filed with the IRS, you may still have some questions about the return. Here are brief answers to three questions that ... Read More

Jun 1, 2021

Many Parents Will Receive an Advance Tax Credit Beginning July 15


Eligible parents will soon begin receiving payments from the federal government. The IRS announced that the 2021 advance Child Tax Credit (CTC) payments, which were created in... Read More

May 7, 2021

Accounting and Accountability: Episode 14


CLICK HERE TO LISTEN TO EPISODE 14 Biden’s Proposed Tax Updates   Welcome to Accounting and Accountability!   I just found out this week that ... Read More

Apr 13, 2021

Relief for Restaurants in 2021


As part of the American Rescue Plan Act of 2021 (ARP), the Restaurant Revitalization Fund (RRF) was established to provide much needed benefits and relief for restaurants an... Read More



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