Delaware Corporate Tax Planning

Tax Issues Related to the Personal Residence

When we think about our personal residence, we probably do not give much thought to the tax impact associated with it. If we do think about the tax aspect, our focus probably is on the savings related to the mortgage interest and real estate tax deductions.

Tax Extenders - Delaware CPA

Tax Extenders Passed by Congress

The President signed legislation passed by Congress which retroactively extends from January 1, 2014 many individual and business tax provisions which otherwise expired at the end of 2013.

Business License Renewed - Delaware CPA

License Renewal Reminder!

The Delaware Division of Revenue (DOR) is reminding businesses that Delaware business licenses expire at the end of December and must be renewed by December 31, 2014 .

Domicile - Delaware CPA Firm

Residency vs. Domicile

“Place of residency” and “place of domicile” may appear to mean the same thing, but may have different definitions at tax time. The definitions are similar if you have lived in the same place for many years, but if you recently moved to or maintain a second home in a different state, the two terms may be very different.

RMD Planning - Retirement Planning

How to Make the Most of Your Required Minimum Distributions

Now that we have discussed the basics of Required Minimum Distributions (RMD) in The ABCs of RMDs. it’s important to see how you can get the most from your money. RMDs may be a mandate, but that does not mean there isn’t room for flexibility when it comes to tax planning.

Required Minimim Distributions - Delaware CPA

The ABCs of RMDs (Required Minimum Distributions)

The key to Required Minimum Distributions (RMDs) is to know what they are and how they could affect you. Failing to act could result in significant penalties. Here are a few of the basics: Taxpayers are mandated to begin taking taxable withdrawals from their IRAs and 401(k)s in the year they turn age 70 ½. Taxpayers have until April 1 … Continued

Delaware Tax Planning

Surprise! It’s Examination Time for Investment Advisors

Investment advisers registered with the Securities and Exchange Commission (SEC) across the country should remain on alert for the annual surprise examination that they must undergo. However, this type of surprise is not as fun as a surprise birthday party, so let’s get up to speed on what a surprise examination is about. Background In 2009, the SEC issued its … Continued