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Accounting and Accountability

May 31, 2024

In this episode:

  • The importance of choosing the correct entity type when forming your business.
  • How to properly document the business use of a vehicle.
  • Retirement plans for your business.
  • Best practices for income shifting.

We also hear from Donny Legans, co-owner of Rail Haus in Downtown Dover, DE.  Donny owns this...


May 17, 2024

In this episode:

  • We summarize the Delaware Family Leave Act and what it means to employers/employees.
  • The Delaware EARNS Program launches July 1, 2024.  Find out what employers should be doing.
  • Consider completing the requirements for the Corporate Transparency Act soon.

We also hear from Ryan Horsey, VP of...


May 6, 2024

In this episode:

  • We review tips on calculating home sale gain exclusion. 
  • The details of the IRS 10-year clean-out rule for inherited IRAs.
  • New electronic vehicle tax credit rules and limitations.
  • Remain vigilant and skeptical upon receiving emails and texts.  There are many active scams and scam losses are no longer...