Delaware Bankers Association 2024 Annual Meeting & Dinner
2024-05-09 16:00 - 20:30 (America/New_York) | DuPont Country Club, 1001 Rockland Road, Wilmington, DE, 19803, United States
BLS is proud to be a wine sponsor for this event!
Don’t miss the DBA’s 129th Annual Meeting on Thursday, May 9, 2024. Join us in-person at the du Pont Country Club in Wilmington for a premiere opportunity to meet with your peers in the banking industry. This year’s event promises to be a memorable occasion including appearances by many dignitaries, and the keynote speaker, Rene Perez, National Director of Financial Crimes Sales & Financial Crimes Consultant with Jack Henry.
More information can be found on the DBA events calendar.

2024 Delaware Salute to Service - Multiplying Good
2024-05-08 18:00 - 21:00 | Riverfront Events, 760 S Justison Street, Wilmington, Delaware, 19801
BLS CPAs is proud to be a Supporter Sponsor for Multiplying Good’s 2024 Delaware Salute to Service Event!
Event Details
Multiplying Good’s Delaware Salute to Service is Delaware’s premiere awards ceremony recognizing unsung heroes across the state. The event will support the Delaware Students In Action program engaging over 4,100 youth across the state in meaningful and impactful student led service projects.
Delaware Salute to Service
May 8, 2024
6:00-9:00pm
Riverfront Events on the Wilmington Riverfront
#multiplyinggood

Estate Planning Council of Delaware: 2024 Annual Meeting
2024-05-08 17:00 - 19:30 | DuPont Country Club, 1001 Rockland Road, Wilmington, DE, 19803, United States
BLS IS SPONSORING THE ESTATE PLANNING COUNCIL OF DELAWARE’S 2024 ANNUAL MEETING
Topic: Annual Meeting
Date: Wednesday, May 8, 2024
Time: 5:00pm – 7:30pm
Location: DuPont Country Club
Speaker: Jeremiah (Jere) Doyle
FIND OUT MORE HERE: https://www.epcdelaware.org/events/event/24847

BLS Sponsoring Childhood Champions Classic
2024-05-06 09:00 - 2024-05-07 00:00 | White Clay Creek Country Club, 879 Delaware Park Blvc, Wilmington, Delaware, 19804
BLS CPAs is honored to be a Glass Break Sponsor for Exceptional Care for Children’s Childhood Champions Classic!
The Childhood Champions Classic is a full-day event featuring a round of golf at the prestigious White Clay Creek Country Club.
All funds raised directly support Exceptional Care for Children’s programs. Beyond medical care, children with severe medical conditions benefit from additional support programs such as therapy, education and recreational activities.
Guest Speaker Ron Jaworski – Former NFL Quarterback and ESPN NFL Analyst
To learn more about ECC, please visit exceptionalcare.org.

Sanford School Home & School Auction
2024-04-20 18:00 - 22:00 | Delaware Museum of Nature & Science, 4840 Kennett Pike, Wilmington, Delaware, 19807
BLS CPAs is honored to be a Community Sponsor of Sanford Schools Night at the Museum Home & School Auction.
Proceeds from the event support summer study grants for our teachers, in addition to state-of-the-art technology upgrades, equipment and supplies for the award-winning sports and arts programs, and so much more.
Learn more about Sanford’s Home & School Auction.

Catholic Charities Annual Tribute Dinner
2024-04-18 17:00 - 20:30 | Chase Center on the Riverfront, 815 Justison Street , Wilmington, DE, 19801, United States
BLS CPAs is proud to be a Friend Sponsor of the 2024 Catholic Charities Annual Tribute Dinner!
Catholic Charities Annual Tribute Dinner
April 18, 2024 – 05:00 PM
Chase Center on the Riverfront, 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. They bestow upon these remarkable persons the Msgr. Thomas J. Reese Award, created in 1989 in memory of Msgr. Reese, a community activist and longtime director of Catholic Social Services, the forerunner of Catholic Charities.
For more information, click here.

DSCC Navigating Delaware Pathways: An Education and Workforce Development Summit
2024-04-16 08:00 - 14:30 | Delaware Technical Community College Terry Campus, 100 Campus Drive, Dover, Delaware, 19904
The Delaware State Chamber of Commerce’s, The Partnership, Inc. is hosting an upcoming education and workforce development summit, formerly known as the Delaware Pathways Conference. Join us at the Navigating Delaware Pathways: An Education and Workforce Development Summit – where education converges with opportunity, and collaborative pathways lead to success.
Jenni Fleck Jones will participate on an employer panel titled “Building a Thriving Workforce: Retention, Learning, and Culture” taking place from 11:10am-11:50am.
Let’s collectively envision the future, ensuring that education seamlessly aligns with the evolving needs of Delaware’s workforce – together.

IMPORTANT DEADLINE: International
2024-04-15
Deadline to file FINCen 114 (Formerly known as Form TD F 90-22.1) (FBAR). Reporting is on a calendar year, regardless of the taxpayer’s fiscal year elected.
Foreign-owned U.S. disregarded entities must paper file a pro-forma Form 1120 and Form 5472. An automatic extension to October 15, 2024 using Form 7004 is available.
For additional information on these deadlines or our international services, please click here to contact us.

IMPORTANT DEADLINE: Individuals, IRAs, C-Corps, Corporations and Trusts
2024-04-15
INDIVIDUALS: File a 2023 Form 1040 or Form 1040-SR and pay any tax due. If you want an automatic 6-month extension of time to file the return, file Form 4868 and pay what you estimate you owe in tax to avoid penalties and interest. For more information, see Form 4868. Then, file Form 1040 or Form 1040-SR by October 15.
C-CORPS: C-Corps file calendar year 2024 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.
IRA: 2022 IRA & Roth IRA contributions must be made today.
INDIVIDUALS & CORPORATIONS: If you’re not paying your 2023 income tax through withholding (or won’t pay in enough tax during the year that way), pay the first installment of your 2024 estimated tax. Use Form 1040-ES. For more information, see Pub. 505.
TRUSTS: Filing an income tax return for the 2023 calendar year (Form 1041) or filing for an automatic five-and-a-half-month extension to October 2 (Form 7004) and paying any income tax due.

For additional information on these deadlines or our tax services, please click here to contact us.

IMPORTANT DEADLINE: Benefit Plans (12/31 year end)
2024-04-15
BENEFIT PLAN DEADLINE (12/31 year end):
Corrective distribution of 402(g) (excess deferrals)
For additional information on these deadlines or our employee benefit plan audit services, please click here to contact us.

Family Promise of Northern New Castle County 5k Run & Walk Sponsorship
2024-04-14 | University of Delaware – The Green
BLS CPAs is proud to be a Bronze Sponsor for Family Promise of Northern New Castle County’s 5k Run & Walk!
In Delaware, 1 in 30 children experience homelessness each year. Family Promise’s mission is to prevent and end homelessness for families by engaging volunteers, donors, and the faith community. They envision a community in which every family has a home, a livelihood, and the resources for lasting independence. They believe in working with our community to end family homelessness – a challenge faced by our community
requires a community solution.
Join their 5k Walk & Run to help support Family Promise of Delaware’s Mission.

Jewish Family Services Delaware 125th Anniversary Celebration
2024-04-06 19:00 - 23:00 | Deerfield Country Club, Newark DE
BLS CPAs is proud to be a Sponsor of the Jewish Family Services Delaware 125th Anniversary Celebration.
The Jewish Family Services of Delaware will be holding their 125th Anniversary of strengthening individuals, families, and the community by providing counseling and support services to all. This special milestone celebration will be held on Saturday, April 6, 2024 at the Deerfield Golf Club in Newark, DE.
A night of fun and history will be enjoyed as they celebrate the past 125 years, as well as honor the late Gilbert J. Sloan, PhD, a strong supporter of JFS for many years, by renaming the JFS Care Navigation Program the Gilbert J. Sloan JFS Care Navigation Program. Late in life, Dr. Sloan was also a beneficiary of this program.
Find additional details at the JFS 125th Anniversary Celebration webpage.

Ronald McDonald House - Hustle for the House
2024-04-06 | The Delaware Contemporary, 200 S Madison Street, Wilmington, Delaware, 19801
BLS is a ‘Gift of Strength’ Sponsor for the Ronald McDonald House of Greater Delaware’s Hustle for the House 5k Run/Walk.
The core of the Hustle for the House is supporting families served by Ronald McDonald House Charities of Greater Delaware. Every stride you take helps provide a safe haven and loving care for families facing unimaginable challenges.
Wilmington: April 6
Lewes: May 18
Middletown: June 13

IMPORTANT DEADLINE: Benefit Plans (12/31 year end)
2024-04-01
BENEFIT PLAN DEADLINE (12/31 year end):
Required Minimum Distribution (RMD) beginning date for 5% owners and terminated participants who turned 72 in 2023. This deadline applies only to the first RMD. Subsequent RMDs must be made by December 31 of each year
For additional information on these deadlines or our employee benefit plan audit services, please click here to contact us.

IMPORTANT DEADLINE: International
2024-03-15
Form 1042 is due. An automatic 6-month extension using Form 7004 can be filed. This is NOT an extension to pay.
Form 3520-A is due for calendar year foreign trusts with a US owner. An automatic 6-month extension is available, using Form 7004.
Form 8804 must be filed to report withholding tax on income from partnerships with foreign partners. A 5-month extension using Form 7004 can be filed. This is NOT an extension to pay.
For additional information on these deadlines or our international services, please click here to contact us.

IMPORTANT DEADLINE: Benefit Plans (12/31 year end)
2024-03-15
BENEFIT PLAN DEADLINE (12/31 year end):
Corrective distribution for failed ADP/ACP without 10% excise tax is due (non EACAs only). Eligible Automatic Contribution Arrangements (EACAs) have until June 30, 2024 to make corrective contributions without a 10% excise tax.
For additional information on these deadlines or our employee benefit plan audit services, please click here to contact us.

IMPORTANT DEADLINE: S-Corps, Large Partnerships, and Partnerships
2024-03-15
S-CORPORATIONS: File a 2023 calendar year income tax return (Form 1120S) and pay any tax, interest, and penalties due. Provide each shareholder with a copy of their final or amended Schedule K-1 (Form 1120S) or substitute Schedule K-1 (Form 1120S).
S-CORPORATION ELECTIONS: File Form 2553 to elect to be treated as an S corporation beginning with calendar year 2024.
PARTNERSHIPS & LARGE PARTNERSHIPS: File a 2023 calendar year return (Form 1065). Provide each partner with a copy of their final or amended Schedule K-1 (Form 1065), Partner’s Share of Income, Deductions, Credits, etc., or substitute Schedule K-1 (Form 1065).
To request an automatic 6-month extension of time to file the return, file Form 7004. Then, file the return and provide each partner with a copy of their final or amended (if required) Schedule K-1 (Form 1065) by September 15.
For additional information on these deadlines or our tax services, please click here to contact us.

Goldey-Beacom College First Year Experience Employer & Alumni Panel
2024-03-13 06:00 - 07:00 | 4701 limestone road Wilmington DE 19808, 4701 Limestone Road, Wilmington, DE, 19808, United States
Our College Recruiter, Jenni Fleck Jones, will discuss career tips with other panelists at Goldey-Beacom College’s 2024 First Year Experience Employer & Alumni Panel.
Additional Details can be found at GBC’s Career Center.

2024 Easterseals/CAI Volleyball Challenge
2024-03-09 | William Penn High School, 713 E Basin Rd, New Castle, DE, 19720, United States
BLS is very excited to be a Bump Sponsor for the 2024 Easterseals/CAI Volleyball Challenge!
Gather your friends, family, and coworkers to start or join a fundraising team! Each team will participate in the Easterseals/CAI Volleyball Challenge and everyone will walk away a winner by raising money for Easterseals!
Saturday, March 9, 2024
William Penn High School
713 E. Basin Road
New Castle, Delaware

Saturday, April 20, 2024
Delaware State University
1200 North DuPont Highway
Dover, Delaware

Find out more at Easterseals Volleyball Challenge Website

IMPORTANT DEADLINE: Businesses
2024-02-28
Businesses:
File information returns (for example, certain Forms 1099) for certain payments you made during 2023. These payments are described under January 31, earlier. However, Form 1099-NEC reporting nonemployee compensation must be filed by January 31. There are different forms for different types of payments. Use a separate Form 1096 to summarize and transmit the forms for each type of payment. See the General Instructions for Certain Information Returns for information on what payments are covered, how much the payment must be before a return is required, which form to use, and extensions of time to file.
If you file Forms 1097, 1098, 1099 (except a Form 1099-NEC reporting nonemployee compensation), 3921, 3922, or W-2G electronically, your due date for filing them with the IRS will be extended to March 31. The due date for giving the recipient these forms generally remains January 31.
For additional information on these deadlines or our tax services, please click here to contact us.

IMPORTANT DEADLINE: Businesses
2024-02-15
Businesses:
Give annual information statements to recipients of certain payments you made during 2023. You can use the appropriate version of Form 1099 or other information return. Form 1099 can be issued electronically with the consent of the recipient. This due date applies only to the following types of payments.

All payments reported on Form 1099-B.
All payments reported on Form 1099-S.
Substitute payments reported in box 8 or gross proceeds paid to an attorney reported in box 14 of Form 1099-MISC.

For additional information on these deadlines or our tax services, please click here to contact us.

IMPORTANT DEADLINE: Individuals
2024-02-15
INDIVIDUALS:
If you claimed exemption from income tax withholding last year on the Form W-4, Employee’s Withholding Allowance Certificate, you gave your employer, you must file a new Form W-4 by this date to continue your exemption for another year.
For additional information on these deadlines or our tax services, please click here to contact us.

IMPORTANT DEADLINE: All Employers and Businesses
2024-01-31
ALL EMPLOYERS:
All employers must have distributed 2023 W-2 forms to their employees and Form 1099s to their proper recipients.
BUSINESSES: Give annual information statements to recipients of certain payments you made during 2023. You can use the appropriate version of Form 1099 or other information return. Form 1099 can be issued electronically with the consent of the recipient. Payments that may be covered include the
following.

Cash payments for fish (or other aquatic life) purchased from anyone engaged in
the trade or business of catching fish.
Compensation for workers who aren’t considered employees (including fishing
boat proceeds to crew members).
Dividends and other corporate distributions.
Interest.
Rent.
Royalties.
Payments of Indian gaming profits to tribal members.
Profit-sharing distributions.
Retirement plan distributions.
Original issue discount.
Prizes and awards.
Medical and health care payments.
Debt cancellation (treated as payment to debtor).
Cash payments over $10,000. See the Form 8300 instructions.

For additional information on these deadlines or our tax services, please click here to contact us.

IMPORTANT DEADLINE: Benefit Plans (12/31 year end)
2024-01-31
BENEFIT PLAN DEADLINE (12/31 year end):
Form 1099-R due to participants who received distribution in 2023.
Form W-2 due to report employee’s active participant status for 2023.
For additional information on these deadlines or our employee benefit plan audit services, please click here to contact us.

DSCC 187th Annual Dinner – BLS Sponsoring
2024-01-29 16:00 - 19:15 | Chase Center on the Riverfront, 815 Justison Street , Wilmington, DE, 19801, United States
BLS IS PROUD TO BE A SMALL BUSINESS LEADER SPONSOR THE DELAWARE STATE CHAMBER OF COMMERCE (DSCC) 187th ANNUAL DINNER!
The DSCC Annual Dinner is Delaware’s premier business event has always been the place to be in January for high level networking with more than 1,100 business leaders and elected officials.
Keynote Speakers:
Herve Hoppenot – Chairman and Chief Executive Officer – Incyte

Agenda:
4:00 pm Cocktail Reception
5:20 pm Welcoming Remarks
5:45 pm Presentation of the Josiah Marvel Cup
6:00 pm Dinner
6:40 pm Keynote Speaker
7:15 pm Adjournment
For additional details, visit the DSCC 187th Annual Dinner Webpage.

Strafford: 401k Annual Audits: Anticipating Serious and Costly Errors, Understanding the Latest SASs, and Impact of Recent Legislation
2024-01-24
Christopher J. Ciminera, CPA, QKA is co-presenting Strafford’s Webinar – 401k Annual Audits: Anticipating Serious and Costly Errors, Understanding the Latest SASs, and Impact of Recent Legislation
Topic: 401k Annual Audits: Anticipating Serious and Costly Errors, Understanding the Latest SASs, and Impact of Recent Legislation
Date: January 24, 2024
Co-Presenters:

Christopher J. Ciminera, CPA, QKA – Belfint, Lyons & Shuman, CPAs
Kristin Ryan, CPA – Ryan + Mann

Proficiency in administrating and auditing 401(k) plans requires staying on top of myriad and ever-changing IRS, DOL, and accounting rules and regulations. Most 401(k) plans with more than 100 participants with balances (formerly included eligible employees) must attach audited financials to the Form 5500, which are closely scrutinized by the DOL and IRS.Audit professionals and advisers must know red flags identified by the IRS and DOL in Form 5500 filings and be able to identify these problems prior to filing the Form 5500 to get ahead of any issue with the IRS.
Our panel of veteran professionals will review differences in non-ERISA Section 103(a)(3)(C) and ERISA Section 103(a)(3)(C) audits, recent changes made under SASs affecting retirement plan audits, and new considerations for these audits regarding new legislation and changes including the SECURE Acts.
Listen as our panel offers best practices and insights based on real world experience for avoiding common high-risk mistakes associated with 401(k) audits. The panel will also outline approaches to identify and correct plan errors before an audit or after a filing and how recent SASs and the SECURE Act modify audit requirements.

For more information, visit Strafford’s Webinar Listing.

Belfint Briefing Webinar: Corporate Transparency Act, SECURE 2.0 and more...
2024-01-17 09:00 - 10:30 | Zoom
Please join Belfint, Lyons & Shuman, CPAs for an informative webinar on the Corporate Transparency Act, SECURE 2.0 as it relates to tax planning, and other critical developments that affect businesses, individuals, estates, and trusts. In an era marked by constant regulatory evolution and an increased focus on transparency and security, it is imperative to stay informed and adapt.
Our team is excited to update you on these important topics, providing you with valuable insights and practical knowledge to navigate the ever-changing landscape of corporate governance and financial security. Join us as we delve into the Corporate Transparency Act’s implications, explore the enhanced features of Secure 2.0, and discuss other key updates that will shape the way you manage your financial affairs and compliance obligations.

TOPICS:

General Updates
SECURE 2.0
Corporate Transparency Act – What you need to know

WHEN:
Wednesday, January 17, 2024
9:00 – 10:30am ET
WHERE:
BLS Zoom Webinar
*Zoom details will be sent upon registration

This seminar is eligible for 1 hour of CPE!
Presenters:
Karly Laughlin, CPA, AEP
Mike Kelly, CPA

For additional details, please contact Jenni Fleck Jones at jjones@belfint.com

CPE Information
Belfint, Lyons & Shuman, P.A. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education of the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417 – www.NASBA.org.
Delivery Method: Group Internet Based
Field of Study: Taxes
CPE Credits: 1
Learning Objectives: Participants will be given a general overview of the Corporate Transparency Act, learn how SECURE 2.0 could impact them, and receive general tax updates for individuals, businesses, estates, and trusts.
Program Level: Overview
Program Prerequisites: None
Advance Preparation Needed: None
For more information regarding concerns or cancellation policies, please contact LeAnne Diebold, SPHR, at ldiebold@belfint.com.

IMPORTANT DEADLINE: Individuals
2024-01-16
INDIVIDUALS:
Make a payment of your estimated tax for 2023 if you didn’t pay your income tax for the year through withholding (or didn’t pay in enough tax that way). Use Form 1040-ES. This is the final installment date for 2023 estimated tax payments. However, you don’t have to make this payment if you file your 2023 return (Form 1040 or Form 1040-SR) and pay any tax due by January 31, 2024.

IMPORTANT DEADLINE: Benefit Plans (12/31 year end)
2023-12-31
BENEFIT PLAN DEADLINE (12/31 year end):
Prospective amendment to add or remove safe harbor status for 2024
Prospective amendment to add an automatic enrollment to plan (QACA & EACA) (For 2024)
Required minimum distribution date under IRC 401(a)(9)
Corrective distribution for failed ADP/ACP test with 10% excise tax or QNEC contribution
For additional information on these deadlines or our employee benefit plan audit services, please click here to contact us.

IMPORTANT DEADLINE: Corporations
2023-12-15
For calendar year corporations, deposit the fourth installment of estimated income tax for 2023. A worksheet, Form 1120-W, is available to help estimate taxes for the year.
For additional information on these deadlines or our tax services, please click here to contact us.
