Aug 29, 2018 | Blog Posts
The IRS will now automatically provide consent to small business taxpayer’s application to change to the cash method of accounting. What do the automatic consent changes include? a change to the cash method of accounting an end to UNICAP for certain costs – this...
Aug 29, 2018 | Blog Posts
Delaware legislation has authorized the formation of series limited liability companies. Beginning August 1, 2019, registered DE series LLCs will have an annual tax imposed. A series LLC is a unique entity that consists of separate, individual interests. In Delaware,...
Aug 22, 2018 | Blog Posts
Hello, again! Growing up, I was always scared of the term, the “real world,” but this position has shown me that it is nothing to be afraid of. In fact, now I feel much more confident and professional. This internship has given me incredible insight to what...
Jul 31, 2018 | Blog Posts
Hello, hope everyone is having a wonderful summer! I’m Brooke Baldassano, a tax intern here at Stephano Slack in Wayne. May 2019, I will graduate from Bloomsburg University with a bachelor’s degree in accounting. I can proudly say this has been the best job I’ve had....
Jun 14, 2018 | Blog Posts
Even before the Opening Ceremony began, we knew it was going to be a gold medal day! Stephano Slack spent the day volunteering with Special Olympics Delaware at the University of Delaware. We arrived bright and early and the weather was perfect for the events. Some...
Jun 12, 2018 | Blog Posts
It’s never too early to start thinking about your 1099-MISC preparations for 2018. The deadline for filing is January 31. This may seem like a long way out, but do yourself a favor and reduce the last minute rush of collecting W-9s by reviewing your vendors now. Are...
Jun 12, 2018 | Blog Posts
Many people are aware that the tax rate for C-Corporations lowered to 21% across the board, but what many do not know is that there is a potential 20% deduction on Qualified Business Income (QBI) for owners of pass-through entities, Schedule C businesses and even...
Jun 12, 2018 | Blog Posts
The accounting landscape in the United States was inundated at the end of 2017 with the impact of the Tax Cuts and Jobs Act (TCJA) on individuals and their personal tax returns. Now that the tax deadline has come and gone, business owners need to focus on how...
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