Accounting and Accountability

A podcast focusing on the top things business taxpayers need to know. Updated information that is easy to digest and will keep you on the cutting edge of business finance news.

Follow on

Episodes

Episode 25: IRS Backlogs and Estate Planning Strategies

In this episode: The IRS has a significant backlog processing income tax returns. They have sent out over 9M math error notices regarding COVID relief funds. The 10% penalty for taxpayers 59.5 and older from pulling funds out of an IRA is waved if the funds are being used for educational expenses. IRS collection notices may now come from private collection agencies. There are many Capital Gains and estate planning strategies that can be implemented. Make your appointment for tax planning NOW!! W...

Oct 08, 2021•24 min•Season 1Ep. 25

Episode 24: Proposed Tax Changes as of 9/24

In this episode we review some of the major changes in the newest proposal, which include: Corporate tax rates Individual tax rates Net Investment Income Tax (NIIT) 199A changes Estate tax and estate planning strategies We also cover the story of Martin Shkreli, the "Most Hated Man in America".

Sep 24, 2021•27 min•Season 1Ep. 24

Podcast 23: What to know for 9/10/21

Unpaid payroll tax numbers are soaring. 1099Ks will start being issued to vendors who received more that $600 in credit card sales. Employers who elected to defer payments on the 6.2% SS match need to look into repaying that money. Divorced parents who use the “every other year” method for claiming children may want to look into how the childcare/dependent credits may have impacted their situation. Legislation to change the Estimated Tax Payment dates is being proposed. Current scams that are be...

Sep 10, 2021•33 min•Season 1Ep. 23

Episode 22: Proposed tax law changes and Jack Abramoff

In this episode: Current proposals including: Required Minimum Distribution age increase Catch-up Contributions may be treated like Roth IRAs Raising the state and local cap from a $10,000 to $15,000 deduction The story of Jack Abramoff, known as the "Man who Bought Washington".

Aug 27, 2021•31 min•Season 1Ep. 22

Episode 21: Changes to Employee Retention Credit

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. Epe3F995vSyskPLREfmj

Aug 13, 2021•24 min•Season 1Ep. 21

Episode 20: What to know heading into August and the tale of Claudio Osorio

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.

Jul 30, 2021•26 min•Season 1Ep. 20

Episode 19: This week in business and New Orleans's fall

In this episode we discuss: DE Contractor registration is required as of 8/1/2021. Proposed legislation is in the works that would make quarterly tax payments much less confusing. PPP loans are coming due starting this month! Portals to ask for forgiveness are open. The deadline to submit your information for approval for monies accepted from the DE Relief Grant is also starting this month. IRS.gov has a tax withholding estimator you can use to get a good idea of what your withholdings should be...

Jul 16, 2021•25 min•Season 1Ep. 19

Episode 18: Business tips for 7/2 and Jamaican Lottery Scams

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 targe...

Jul 02, 2021•22 min•Season 1Ep. 18

← Prev

For the best experience, listen in Metacast app for iOS or Android

Open in Metacast