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 rises from the ashes as her grey market scheme crumbles.

In this episode we discuss:  Biden's proposed Capital Gains Tax changes Potential Childcare Credit expansions Recommendations for keeping tax documents The IRS lag Stick around and hear how Claudio Osorio went from Ernst & Young's Entrepreneur of the Year to defrauding his neighbors and pretending to be the hero Haiti so desperately needed.

In this episode: DE Contractor registration is required as of 8/1/2021. Proposed legislation that would make quarterly taxes much less confusing. PPP loan forgiveness portals are open. Submitting information for approval for monies accepted from the DE Relief Grant should be done this month. IRS.gov has a tax withholding estimator you can use to get a good idea of what your withholdings should be. Plus, we tell the story about how New Orleans was let down by their Mayor during their hour of need.

"Obamacare" was challenged and found by the Supreme Court to be constitutional. Net Investment Income Tax stands. The DE Relief Grant forgiveness applications have been extended. Emails with further info will be issued soon. Provisions of the TJCA are scheduled to end in 2025. Payroll/HR prof. are the newest target of scammers trying to get W-2 data. Setting up an IRA for youth that have Earned Income could help with their retirement savings.  We also talk about the Jamaican Lottery Scam.

Current RMD requirements for 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 Biden's proposed Capital Gains Tax increase. Form 1099K not reflecting third party sales. Incorrect IRS Notices were sent out in the past weeks.  Fraudulent Delaware Unemployment notices were sent out to individuals who didn't apply for unemployment or receive it.

In this episode we discuss: A method for reducing tax liability for seasonal workers, how employing your own children can be beneficial, the $600 billion Tax Gap and the resulting random IRS audits, the benefits of filing your amended returns electronically, new IRS audit guidelines for contractors, and help for those businesses that got behind in payroll taxes during COVID. We also discuss Paul Kruse, a fraudster that got taken down by one mad mama.

In this episode" Updates to ACA ("Obamacare") Restaurant Revitalization Fund is running out of money. Non-taxable Unemployment Payments will be refunded. W-2 "Mismatched Notices" will no longer be mailed. HSA and FSA amounts raised for 2021. We also tell the story of Paul Ceglia, who tried to sue Mark Zuckerberg of Facebook for more than 50% of Facebook's worth.

In this episode of Accounting and Accountability the team reviews: The Restaurant Revitalization Fund President Biden's proposed tax law changes in the American Families Plan, including - Higher Child Tax Credit - Changing Tax Rates - Capital Gains impact - Like Kind Exchange changes - Current state of IRS refunds We'll also talk about the story of Rodney Hailey, who made millions with smooth talk and a good excel spreadsheet.

This episode brings news from the front lines regarding the Premium Tax Credit and Child Tax Credit information.  Meals are now 100% deductible for 2021 and 2022!   We also delve into money laundering and the 2014 "Fashion Police" bust.

This episode brings lots of great information on the further impact of the American Rescue Plan.  Included is:  - Automatic refunds for taxed unemployment payments - The Shuttered Venue Operator grants available for movie theaters, theaters, zoos, and many more in the entertainment/sports industry - Extension of PPP - Tax season extensions - Restaurant Revitalization Fund grants - Expansion of Paid Sick Leave - Employee Retention Credits (and the filing of 941s)