IMPORTANT DEADLINE: Businesses
2021-02-16
Businesses:
Give annual information statements to recipients of certain payments you made during 2020. 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
2021-02-16
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
2021-02-01
ALL EMPLOYERS:
All employers must have distributed 2020 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 2020. 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)
2021-02-01
BENEFIT PLAN DEADLINE (12/31 year end):
Form 1099-R due to participants who received distribution in 2020.
Form W-2 due to report employee’s active participant status for 2020.
For additional information on these deadlines or our employee benefit plan audit services, please click here to contact us.

Belfint Briefing Webinar: Highlights of the COVID-19 Relief Bill
2021-01-26 08:30 - 10:30 (America/New_York) | Zoom
Please join Belfint, Lyons & Shuman, CPAs for our upcoming presentation about the highlights of the COVID-19 Relief Bill.
SEMINAR DETAILS
TOPIC:

Highlights of the COVID-19 Relief Bill

WE WILL:

Revisit CARES Act Provisions
Review Provisions of the COVID Relief Bill

Paycheck Protection Program (PPP) Loans, including the second round
Employee Retention Tax Credit
Other Tax Provisions and Planning for Business Deductions, Credits, and Stimulus Funding

Q&A
WHEN:
Tuesday, January 26, 2021
8:30-10:30am ET – Live Zoom Webinar
WHERE:
BLS Live Webinar
*Zoom details will be sent upon registration
PRESENTERS:

Michael D. Kelly, CPA
Valerie C. Middlebrooks, CPA
Jonathan A. Patterson, CPA, CVA
Jordon N. Rosen, CPA, MST, AEP® (Distinguished)

This seminar is eligible for 2 Hours of CPE!
For additional details, please contact Jenni Fleck Jones at jjones@belfint.com or 302.573.3901.

Strafford 401k Annual Audits Webinar
2021-01-19 13:00 - 15:00
Maria T. Hurd, CPA will be presenting at the Strafford Virtual Event on the 401k Annual Audits.
Topic: Anticipating Serious and Costly Errors, Understanding the Latest SASs
Date: Tuesday, January 19, 2021
Time: 1:00pm – 3:00pm

This webinar will provide employee benefits administrators, auditors, and plan sponsors with best practices to prevent serious and costly errors in preparing for 401k audits. The panel will explain the pitfalls that practitioners often encounter in these audits and outline changes to these audits and the accountants’ report under the latest Statements of Auditing Standards (SASs).
For more information, visit Strafford

IMPORTANT DEADLINE: Individuals
2021-01-15
INDIVIDUALS:
Make a payment of your estimated tax for 2020 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 2020 estimated tax payments. However, you don’t have to make this payment if you file your 2020 return (Form 1040 or Form 1040-SR) and pay any tax due by January 31, 2021.

ASPPA Webinar: Understanding Audits
2021-01-14 12:00 - 14:00
Christopher J. Ciminera, CPA will be presenting the ASPPA January Webinar.
Topic: Understanding Audits
Date: January 14, 2021
Time: 12:00pm – 2:00pm
Location: Zoom – Click here to register.

For more information, visit ASPPA.

DSCC 184st Annual Dinner – BLS Sponsoring
2021-01-11 16:00 - 18:30 | DE, United States
BLS IS PROUD TO BE A SMALL BUSINESS LEADER SPONSOR THE DELAWARE STATE CHAMBER OF COMMERCE (DSCC) 184st 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 1,000 business leaders and elected officials.
Keynote Speakers:
James E. Glassman – ECONOMIC FORECASTING
Cory Booker – DIVERSITY AND INCLUSION
Kristen Welker – REFLECTIONS ON THE 2020 PRESIDENTIAL CAMPAIGN TRAIL
William Kristol – NEW POLITICAL LANDSCAPE

Agenda:
3:30 pm Pre-event Networking
4:00 pm Welcome Remarks
4:10 pm Economic Forecasting, Jim Glassman
4:30 pm Virtual Networking
4:50 pm Presentation of the Marvel Cup
5:10 pm Diversity & Inclusion, Cory Booker – presented by AT&T
5:35 pm New Political Landscape, Kristen Welker
6:05 pm New Political Landscape, William Kristol
6:30 pm Adjourn
For additional details, visit the DSCC Website: https://web.dscc.com/events/184th-Annual-Dinner-2550/details

IMPORTANT DEADLINE: Deduction
2020-12-31
Last date to make payments that can be deducted from 2020 return for cash basis taxpayer.
Last date to establish a Keogh plan or 401(k) to deduct a contribution on 2020 return.
For additional information on these deadlines or our tax services, please click here to contact us.

2020 Delaware Tax Institute
2020-12-09 08:30 - 11:45 | DE, United States
Attend the 2020 Delaware Tax Institute: Concluding Thoughts on an Unusual Tax Year. Kathy S. Schultz, CPA, AEP will be moderating and Michael Kelly is co-presenting with Chuck Durante (Connolly Gallagher) on a panel discussion on Income Tax CARES Act.
Delaware Tax Institute
Date: Wednesday, December 9, 2020
Time: 8:30am – 11:45am
Presentations:

2020 Income Tax Developments/Care Act
Estate Planning and Gift Tax Update
Secure Act
Election Results: Continuation/Changes
State Tax Issues from Telecommuting

8:30am – 10:00am – Income Tax CARES Act (Michael Kelly, CPA Presenting & Kathy Schultz, CPA, AEP Moderating)
Find additional details on the DTI Brochure!

Sioux Falls Estate Planning Council
2020-10-22 11:30 - 13:00
Jordon N. Rosen, CPA, AEP will be presenting at the Sioux Falls Estate Planning Council on Professional “Multi-Discipline” Interaction
Topic: Professional “Multi-Discipline” Interaction
Date: Thursday, October 22, 2020
Time: 11:30am – 1:00pm
Location: TBD
Please visit the Sioux Falls Estate Planning Council’s website for additional details: https://www.siouxfallsepc.org/events/event/19457
