Mar 7, 2025
In this episode:
The potential impact of Qualified Business Income Deductions (QBI) expiring at the end of 2025.
Bonus Depreciation may be restored up to 100%.
More details emerge, clarifying the State of Delaware Paid Leave Program.
In ins and outs of writing off vehicles for business use.
The penalities for not...
Feb 8, 2025
In this episode:
· An overview of tax policies under discussion.
· Corporate Transparency Act update.
· An explanation of the proposed external revenue service.
· A reminder to get your tax documents into us!
We also hear from Brittany La Clair, owner of the Golden Poppy in Dover, Delaware.
Jan 24, 2025
In this episode:
- Form 944 will no longer be used after 2025.
- Additional Foreign Tax Credit benefits.
- Delaware and Maryland Paid Family Leave taxability information.
- A deep dive into steps that can be taken to maximize tax savings now and into 2025.
Jan 10, 2025
In this episode:
Deducting uninsured losses for damage claims in federally declared disaster areas.
Inherited IRA changes.
New rates for 2025 including IRA distribution, fit taxes, and mileage
Beneficial Ownership Reporting for FinCEN status may not be determined until March 2025.
Anita Evans, Vice President of...
Jul 26, 2024
In this episode:
- Former President Trump’s proposed tax bills.
- New reporting of digital assets.
- Bi-Partisan House Bill consolidates corporate filing process, changes tax due dates and treats e-file payment as filed timely regardless of when the payment clears.
- Reminder that only alimony paid pre-2019 is deductible.