Jul 10, 2018 | Blog Posts
The Supreme Court ruled that South Dakota can require online retailers to collect sales tax, in the June 21st, 2018 decision of South Dakota v. Wayfair, Inc. Collecting sales tax on online purchases has been a controversial subject for years. The Supreme Court’s 5-4...
Jul 10, 2018 | Blog Posts
With the passing of the Tax Cuts and Jobs Act, there were some important changes in the legislation which are both temporary in nature and effective through 2025 regarding mortgage interest. The first change relates to the limitation on the amount of acquisition...
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...
Feb 27, 2018 | Blog Posts
New for 2017 You are eligible for a $3,000 exemption on your Income Tax return if you are a military veteran who was honorably discharged or released under honorable circumstances from active duty in the Armed Forces of the United States on or any time before the last...
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