Recent News

Dec 18, 2018

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 find viable solutions to ... Read More

Nov 6, 2018

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 pract... Read More

Oct 23, 2018

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 HSAs, FSAs and HRAs... Read More

Oct 9, 2018

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 ... Read More

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 28, 2018

Tax Reform: Impact on Itemized Deductions




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



©2020 Faw Casson   |   Design, Hosting and Application Development by Delmarva Digital