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February 2018

University of Delaware 2018 Summer Externship Networking Night

February 21 @ 5:00 pm - 6:30 pm
Alfred Lerner Hall, Atrium, 20 Orchard Road
Newark, DE 19716 United States
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Summer Externship Networking Night BLS will be there to talk about their Summer externship program. Attend this networking event to meet employers and alumni seeking undergraduate students with an expected graduation date between December 2019-May 2021 for their summer externship/leadership programs! Students will have the opportunity to go around to different tables in Lerner Atrium and interact with the employers and learn about summer externship opportunities and how to apply. This networking night is targeting students interested in the professional…

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IMPORTANT DEADLINE: Businesses, All Employers and Restaurants & Bars

February 28

BUSINESSES: Businesses must file an information return (forms 1099, except 1099-Misc for Non-employee Compensation, and 1096) with the IRS for certain payments made in 2017.* RESTAURANTS and BARS: Restaurants and bars must report tip income and allocated tips.* *However, if you e-file, the due date is automatically extended to March 31, 2018.

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IMPORTANT DEADLINE: Benefit Plans (12/31 year end)

February 28

BENEFIT PLAN DEADLINE (12/31 year end) Form 1099-R filing deadline with IRS to report 2017 distributions. Deadline for electronic filing is March 31.

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March 2018

2018 Easterseals/CAI Volleyball Challenge

March 3 @ 5:45 pm - 7:30 pm
William Penn High School, 713 E Basin Rd
New Castle, DE 19720 United States
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BLS is very excited to participate again this year!  For over 30 years, the Volleyball Challenge has raised critically-needed funds to help Easter Seals provide exceptional services to children and adults with disabilities so they can achieve their greatest level of independence. The 2018 CAI / Easter Seals Volleyball Challenge will be held at a new venue, William Penn High School.  BLS will be playing on Saturday March 3, 2018 from 5:45-7:30. To visit BLS’s team page, please click here.

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Retirement Industry Career Forum (ASPPA/Vanguard)

March 8 @ 6:00 pm - 8:00 pm
Ballard Spahr, LLP, 1735 Market Street, 48th Floor
Philadelphia, PA 19103 United States
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BLS CPAs is happy to be a Corporate Sponsor of the Retirement Industry Career Forum! Retirement Industry Career Forum Uniting Talents and Opportunities You are invited to attend The ASPPA Benefits Council of Greater Philadelphia (ABC) Career Forum! Learn More about this $27 Trillion industry from our experts. To attend, please submit your resume to maureen@asppa-grphila.org. Attendance is limited so act now! All resumes will be circulated to our corporate sponsors (see below) and ABC members. For a chance to…

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IMPORTANT DEADLINE: S-Corps, S Elections, Partnerships and Large Partnerships

March 15

S-CORPORATIONS: S-Corps file calendar year 2017 tax returns and pay any money still due. They can file an automatic 6-month extension using Form 7004 BUT this is NOT an extension to pay. PARTNERSHIPS: 2017 calendar year returns are due and K-1s must be given to each partner. An automatic 6-month extension using Form 7004 can be filed. S ELECTIONS: S elections must file Form 2553 if you wish to be treated as an S-Corp in 2018. LARGE PARTNERSHIPS: Large partnerships must…

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IMPORTANT DEADLINE: Benefit Plans (12/31 year end)

March 15

BENEFIT PLAN DEADLINE (12/31 year end): Corrective distribution for failed ADP/ACP without 10% excise tax (non EACAs only) is due. Eligible Automatic Contribution Arrangements (EACAs) have until June 30, 2018 to make corrective contributions without a 10% excise tax.

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April 2018

IMPORTANT DEADLINE: Benefit Plans (12/31 year end)

April 1

BENEFIT PLAN DEADLINE (12/31 year end):  Required Minimum Distribution (RMD) beginning date for 5% owners and terminated participants who turned 70 ½ in 2017. This deadline applies only to the first RMD. Subsequent RMDs must be made by December 31 of each year.

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Catholic Charities Annual Tribute Dinner (BLS is a Friend Sponsor)

April 11 @ 5:00 pm - 8:30 pm
Chase Center on the Riverfront, 815 Justison St #A
Wilmington, DE 19801 United States
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BLS CPAs is proud to be a Friend Sponsor of the 2018 Catholic Charities Annual Tribute Dinner! Catholic Charities Annual Tribute Dinner Apr 11, 2018 – 05:00 PM Chase Center, Wilmington, DE Each year, Catholic Charities honors outstanding individuals who have demonstrated a deep commitment to addressing the well-being of our communities’ most vulnerable – our own mission. We bestow upon these remarkable persons the Msgr. Thomas J. Reese Award, created in 1989 in memory of Msgr. Reese, a community…

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IMPORTANT DEADLINE: Benefit Plans (12/31 year end)

April 15

BENEFIT PLAN DEADLINE (12/31 year end): Corrective distribution of 402(g) (excess deferrals)

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If you need more information, please contact us so we can connect you with one of our CPA advisors who will be committed to your business and personal success. BLS is here to help!