Category: Tax
Delaware Relief Grants Update from the Delaware Division of Small Business
October 30, 2020
The Delaware Division of Small Business just released three important changes related to the DE Relief Grants program. Businesses no longer need to demonstrate a revenue decline of at least … Continued
COVID-19 Update: Three important topics for your review
September 29, 2020
In our continued effort to provide guidance to companies and nonprofits, we have outlined three important topics in this edition of our BLS Important Update. Our firm has received numerous … Continued
Considerations Before Meeting with Your Estate Planner
September 01, 2020
The coronavirus pandemic has only punctuated a point that planners have been making for years. Everyone needs an estate plan. Admittingly, the process can seem overwhelming, so we’ve broken down … Continued
High-Level Multidisciplinary Teaming
August 25, 2020
Multi-disciplinary teaming, also known as collaboration, occurs whenever two or more advisors work together in a process that is “client-centric” to design, recommend, and implement specific strategies to the client. … Continued
COVID-19 Update: FAQ Updates for Economic Impact Payments
August 18, 2020
The IRS recently updated their FAQ page related to Economic Impact Payments (EIP), also known as Stimulus Payments. To help simplify the details of what was added to this FAQ … Continued
COVID-19 Update: FAQ Updates for PPP Economic Injury Disaster Loans
August 17, 2020
The IRS recently updated their FAQ page related to Economic Impact Payments (EIP), also known as Stimulus Payments. To help simplify the details of what was added to this FAQ … Continued
COVID-19 Update: SBA FAQs on PPP Loan Forgiveness
August 06, 2020
In an effort to provide guidance to companies and nonprofits that received a Payroll Protection Program (PPP) Loan, the Small Business Administration published Frequently Asked Questions related to PPP Loan … Continued
2020 Income Tax Planning in Light of COVID-19
July 07, 2020
In light of the pandemic, many individuals could see a dramatic shift in various sources of income, such as wages, self-employment income, interest, dividends, capital gains, retirement plan distributions and … Continued
The Need for Estate Planning
June 30, 2020
With the basic exclusion amount over $11.5 million and growing, along with the availability to port a married decedent’s unused exclusion, most individuals will not have a federal or state … Continued
COVID-19 Update: Additional Guidance on Taking Coronavirus-Related Distributions from IRAs and Employer Plans
June 26, 2020
The IRS recently issued Notice 2020-50 which provides further guidance and rules for taxpayers who take coronavirus-related distributions (CRDs) from their IRA or employer retirement plans. Here is what you … Continued