Recent News

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 20, 2018

Tax Reform: Impact on Business Taxpayers




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 24, 2018

Do I Need A CPA?




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 19, 2017

Year End Tax Considerations




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

Oct 24, 2017

Do I Qualify for the Dependent Tax Credit?


  Today we are going to discuss how to identify if your dependents qualify for the dependency exemption on your tax return.   Generally, your children... Read More



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