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Accounting and Accountability

Episode 81: IRS Delays 3-Party Vendor (1099K) Reporting Threshold Change

Dec 1, 2023

In this episode:

  • Tax extenders will be needed around election time.
  • Know the IRA rollover rules.
  • Find out the updates on estate and gift tax limits.
  • The legal costs for fighting IRS rulings may not be reimbursed.
  • The IRS has delayed the 1099K reporting threshold.


Also, we hear the scam story of the Great Diamond...

Episode 80: DE Family Medical Leave Act Ramping up

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...

Oct 6, 2023

In this episode:

  • New mandate requires some 1099s and W-2s to be e-filed in 2024.
  • Home office depreciation may impact tax on home sales.
  • Home interest deduction rules reviewed.
  • Bonus depreciation changes may impact tax planning strategies. 


We also hear the story of Anthony Gignac, who portrayed himself...