DELAWARE EARNS – State Mandated Retirement Savings Program 

Effective July 1, 2024, any Delaware employer with five or more employees is required to enroll in Delaware’s new retirement savings…

On March 29, 2022, the United States House of Representatives passed the “Securing a Strong Retirement Act of 2022” (SSRA) – better known as “SECURE Act 2.0” with a vote…

For many taxpayers, the increased standard deduction has all but eliminated any tax benefit once derived from charitable contributions. Considering this, one strategy is to utilize Qualified Charitable Distributions or…

As the IRS continues to experience back logs, we are recommending that all income tax payments be made electronically. Many of our clients are experiencing issues with uncleared checks and…

PPP LOAN UPDATE –

If you applied for and received a PPP loan, the original bill created by Congress inadvertently made the proceeds taxable. GOOD NEWS – The new bill…

The Coronavirus Aid, Relief, and Economic Security (CARES) act passed in late March included a provision to provide unemployment insurance to workers who are not ordinarily eligible for unemployment benefits.…

PPP LOAN – WARNING

The Payroll Protection Program is a loan and is expected to be repaid at 1% interest over a 2-year term.

A portion of the loan…

Due to the COVID-19 health crisis, we have received a notification from the Delaware State Housing Authority regarding a Housing Assistance Program for Delawareans who are facing financial hardships.  Households…

The Coronavirus Aid, Relief and Economic Security (CARES) Act was just signed into law on March 27, 2020.  It is a gigantic economic stimulus package with many provisions that will…

The   Coronavirus Aid, Relief and Economic Security (CARES) Act was just signed into law on March 27, 2020.  It is a gigantic economic stimulus package with many provisions that will…