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Accounting and Accountability

Dec 29, 2023

In this episode:

  • An overview of what the government may have on the horizon for 2024 for the Research and Development Credit, Bonus Depreciation, and interest deductions.
  • The IRS continues to fight false Employee Retention Tax Credit claims.
  • An explanation of Section 1202 of the Tax Code.
  • A look into tax credits for...


Dec 15, 2023

In this episode we are joined by Ingrid and Amy Hopkins, of Hopkins Heartland.  They tell us all about their journey leaving the 5-generation Hopkins Farm to pursue their own careers, and how the farm called them back to create something unique to Delaware.  Hear about their persistence in changing legislature, the...


Dec 1, 2023

In this episode:

  • Tax extenders will be needed around election time.
  • Know the IRA rollover rules.
  • Find out the updates on estate and gift tax limits.
  • The legal costs for fighting IRS rulings may not be reimbursed.
  • The IRS has delayed the 1099K reporting threshold.

 

Also, we hear the scam story of the Great Diamond...


Nov 17, 2023

In this episode: 

  • Electronic vehicle rebates versus tax credits.
  • There is an increase on retirement plan contributions for 2024.
  • Most donated inventory may not be deducible as a charitable contribution.
  • It's time for tax planning strategies!
  • Delaware Family Medical Leave Act is ramping up.  Listen in for details. 

We...


Nov 3, 2023

In this episode:

  • Overview of tax and other benefits from having a Health Savings Account (HSA) health plan for medical expenses.
  • The IRS is cracking down on the misuse of the fuel credit.
  • Software development may be used to qualify an entity for the Research and Development Credit.
  • The Social Security Wage Base makes...