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Accounting and Accountability

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 State of Delaware soon.
  • Qualified Business Income Deduction and other provisions of the TJCA of 2017 are scheduled to end in 2025.
  • Payroll and HR professionals are the newest target of scammers trying to get W-2 data.
  • Setting up and IRA for youth that have Earned Income could give them a jump on their retirement savings. 

We also talk about the Jamaican Lottery Scam that is becoming one of the biggest illicit markets in Jamaica and impacting a disturbing amount of elderly Americans.  Find out what you should be discussing with your elderly relatives and friends now!