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Accounting and Accountability

Oct 22, 2021

In this episode:

It's time for tax planning!  Make your appointment now to minimize your tax liability.  Here are some tax planning strategies.

Social Security recipients will see a 5.9% increase.

Make sure your college student is providing you with their Form 1098T!

Those who qualified for the DE Relief Grant have...

Sep 24, 2021

In this episode we review some of the major changes in the newest proposal, which include:

  • Corporate tax rates
  • Individual tax rates
  • Net Investment Income Tax (NIIT)
  • 199A changes
  • Estate tax and estate planning strategies

We also cover the story of Martin Shkreli, the "Most Hated Man in America".  

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 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 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...