Preview Mode Links will not work in preview mode

Accounting and Accountability

Jan 1, 2022

In this episode:

  • The increase in mileage rates for 2022.
  • The Premium Tax Credit repayment has been extended.
  • The Build Back Better Bill will not be passed by year-end.  Look for a revised version in 2022.
  • Before you donate, check online for an organization’s tax-exempt status, even if it’s one you’ve donated to...

Nov 19, 2021

In this episode:

  • Tax planning tips:
    • Accelerating itemized deductions 
    • Tips for taxpayers over 72 years old
    • Gifting stocks to charitable organizations
  • Importance of Estimated Taxes and understanding Safe Harbor
  • Update on the tax implications in the Infrastructure Bill
  • Cryptocurrency rules for taxation

We also have...

Aug 13, 2021

In this episode:

If you filed for the Employee Retention Credit this is a MUST LISTEN episode.  The IRS has just announced additional guidance for this credit that may impact business that have already filed.

We also discuss the raising of the Delaware Minimum Wage.

Our story:

Dana Wein Reis goes down in flames and then...

Jul 16, 2021

In this episode we discuss:

  • DE Contractor registration is required as of 8/1/2021.
  • Proposed legislation is in the works that would make quarterly tax payments much less confusing.
  • PPP loans are coming due starting this month!  Portals to ask for forgiveness are open.
  • The deadline to submit your information for approval...

Jun 18, 2021

Discussed in this podcast:

The current RMD requirements for those 72 years old and over and the 50% penalties that will occur if you don't, as well as the proposed bill to raise that age.

The impact of President Biden's proposed Capital Gains Tax increase and his Global Corporate Tax Rate plan. 

Form 1099K not...