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Accounting and Accountability

Apr 8, 2022

In this episode:

  • Secure Act 2.0 has been passed by the House and is now on to the Senate.  Look for updates on Required Minimum Distribution, Charitable Giving, Employer Benefit Plans, lowering the Excise Tax and more.
  • There are issues with some taxpayers being required to give back refunded amounts due to the Premium Tax Credit.
  • If businesses are considering buying large assets, they may want to get the purchase in during 2022 to receive the full Bonus Depreciation.
  • The State of Delaware has introduced a bill that may distribute $300 to all Delaware taxpayers to subsidize increased gas prices.
  • The tax credits currently available for installing solar panels will end soon.

We also hear the story of Steven Palladino, of Viking Financial Group, who defrauded his close-knit community along with his own Aunt who raised him.