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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...

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. 


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...

Oct 23, 2023

In this episode:

  • Student loan interest is deductible, with limits.
  • The 2024 travel expenses per diem have been released. 
  • The IRS has stated it's pausing some audits for professional service businesses.
  • Make sure you have a beneficiary listed on your retirement accounts.

We are joined by Daniel Yearick, the Facilities...

Aug 11, 2023

In this episode:

  • Continuing issues and scams with ERTC.
  • Be vigilant for cyber-fraud attacks.
  • Issues with inaccurate penalty notices.
  • The IRS announces that they've lost tax...