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Accounting and Accountability

Jul 30, 2021

In this episode we discuss: 

Biden's proposed Capital Gains Tax changes

Potential Childcare Credit expansions

Recommendations for keeping tax documents

The IRS lag

Stick around and hear how Claudio Osorio went from Ernst & Young's Entrepreneur of the Year to defrauding his neighbors and pretending to be the hero Haiti...


Jul 16, 2021

In this episode we discuss:

  • DE Contractor registration is required as of 8/1/2021.
  • Proposed legislation is in the works that would make quarterly tax payments much less confusing.
  • PPP loans are coming due starting this month!  Portals to ask for forgiveness are open.
  • The deadline to submit your information for approval...


Jul 2, 2021

In this episode we discuss:

  • "Obamacare" was challenged again in the most recent ACA update and found by the Supreme Court to be constitutional so the Net Investment Income Tax (NIIT) stands.
  • The Delaware Relief Grant applications for forgiveness have been extended and emails with further guidance will be issued by the...


Jun 18, 2021

Discussed in this podcast:

The current RMD requirements for those 72 years old and over and the 50% penalties that will occur if you don't, as well as the proposed bill to raise that age.

The impact of President Biden's proposed Capital Gains Tax increase and his Global Corporate Tax Rate plan. 

Form 1099K not...


Jun 4, 2021

In this episode we discuss:

  • A method for reducing tax liability for seasonal workers,
  • how employing your own children can be beneficial,
  • the $600 billion Tax Gap and the resulting random IRS audits,
  • the benefits of filing your amended returns electronically,
  • new IRS audit guidelines for contractors, and
  • help for those...