IMPORTANT DEADLINE: Corporations
2023-10-15
File a 2022 calendar year income tax return (Form 1120) and pay any tax, interest, and penalties due. This due date applies only if you timely requested an automatic 6-month extension. Otherwise, see April 15, earlier.
For additional information on these deadlines or our tax services, please click here to contact us.

IMPORTANT DEADLINE: Individuals
2023-10-15
If you have an automatic 6-month extension to file your income tax return for 2022, file Form 1040 or Form 1040-SR and pay any tax, interest, and penalties due.
For additional information on these deadlines or our tax services, please click here to contact us.

2023 Delaware Trust Conference - BLS is a Bronze Sponsor
2023-10-17 - 2023-10-18 | Chase Center on the Riverfront, 815 Justison Street , Wilmington, DE, 19801, United States
BLS is a Bronze Sponsor of the 2023 Delaware Trust Conference!
2023 Delaware Trust Conference
October 17 & 18, 2023
The 18th annual Delaware Trust Conference features a stellar lineup of the nation’s top trust, legal, and wealth management experts. Hear the most up-to-date information on maximizing the benefits derived from utilizing Delaware trusts for estate planning.
Find out more here: 2023 Delaware Trust Conference
Learn about our Estate & Trust Services

Smyrna Middle School Career Exploration Fair
2023-10-18 07:45 - 11:30 (America/New_York) | Smyrna Middle School, 700 Duck Creek Parkway, Smyrna, Delaware, 19977
Christina Bell, CPA will be sharing the good news about how rewarding a career as a CPA can be to the students at Smyrna Middle School.
Students will hear about the many possibilities that are out there for future careers, what the day-to-day life is like in those careers, and the paths they can take that lead to them.
When: Wednesday, October 18th, 2023 from 7:45AM until 11:30AM
Where: Smyrna Middle School – 700 Duck Creek Parkway, Smyrna, DE 19977
What will the event look like?: Students will be able to choose tables to visit on a set rotation schedule. Presenters will have about 8-10 minutes per rotation to share with students what they do for work, what their career path looked like to get to that point, and answer any questions with the remaining time.

2023 Easterseals Delaware & Maryland's Eastern Shore 75th Anniversary Celebration
2023-10-19 17:30 - 21:00 | Chase Center on the Riverfront, 815 Justison Street , Wilmington, DE, 19801, United States
BLS is very excited to be a Dignity Sponsor for Easterseals’s 75th Anniversary Celebration!
Easterseals Delaware & Maryland’s Eastern Shore is celebrating 75 years of creating an inclusive community…and they are just getting started!
5:30 – Cocktails
6:30 – Dinner & Program
8:30 – Dessert & Networking
Find out more at Easterseals 75th Anniversary Website

Fresh Start Scholarship Foundation Annual Event
2023-10-19 18:00 - 20:30 | DuPont Country Club, 1001 Rockland Road, Wilmington, DE, 19803, United States
BLS CPAs is honored to be a Student Sponsor for the Fresh Start Scholarship Foundation’s 2023 signature event: “Education is Always in Style!”
The Fresh Start Scholarship Foundation is focused on improving the lives of women through the power of education. Fresh Start is a Delaware 501(c)(3) that awards scholarships to women seeking to improve themselves and their families by earning a college degree. They match scholars with mentors to support them in their academic and professional goals. Scholars have consistently earned an average GPA of 3.5! Over 70 percent of Fresh Start scholars graduate, which is outstanding for nontraditional students. Fresh Start is an all volunteer organization funded entirely through the generosity of individuals, past graduates, foundations and businesses that support women’s empowerment.
Date & Time: Thursday, October 19, 6:00 PM
Location: DuPont Country Club
For more information, visit freshstartscholarship.org

World Trade Center of Delaware Annual Gala
2023-11-02 18:00 - 21:00 | Deerfield Country Club, Newark DE
BLS CPAs is proud to be a sponsor of the World Trade Center of Delaware’s Annual Gala!
The World Trade Center Delaware’s Annual Gala on November 2, 2023 will take place at Deerfield Golf Club. Celebrate the achievements of the region’s international business community and meet with our colleagues and friends in an intimate setting during the cocktail hour and dinner.
This year’s theme will be a celebration of Ireland and Delaware!
Learn more about the World Trade Center Delaware’s Annual Gala.
Learn more about our International Services!

Nine Holes Anywhere Advisors Tournament
2023-11-03 14:00 - 19:00
BLS CPAs is excited to be a Bronze Sponsor of the Nine Holes Anywhere Advisors Tournament. Proceeds benefit St. Michael’s School & Nursery!
Eighth Annual NINE HOLES ANYWHERE ADVISORS TOURNAMENT
Hosted by Bill Dugdale
Friday, November 3, 2023
2:00pm
Rain Date November 10
Proceeds benefit St. Michael’s School & Nursery
Learn more about Nine Holes Anywhere at: www.nineholesanywhere.com

DSCC Superstars in Business Luncheon
2023-11-08 11:00 - 13:30 | Hotel du Pont – Gold Ballroom, 11th & Market Streets, Wilmington, DE, 19801, United States
BLS is a Gold Sponsor for the Superstars in Business Luncheon!
BLS is looking forward to the Delaware State Chamber of Commerce 25th Annual Superstars in Business Luncheon on November 8! The Marvin S. Gilman Superstars in Business award honors businesses and nonprofits for their outstanding achievements and model approaches to business and management. Established in 1998, the awards are given annually to extraordinary businesses in honor of Marvin S. Gilman, who was a distinguished small business leader in Delaware.
Keynote Speaker: Brian DiSabatino, President and CEO of EDiS Company
Agenda:
11:15 am Registration and networking
12:00 pm Lunch
12:30 pm Keynote speaker
1:00 pm Awards presentation
1:45 pm Adjourn
For more information please visit DSCC Superstars in Business.

23RD Annual Delaware SHRM Conference & Expo
2023-11-14 - 2023-11-15 | Chase Center on the Riverfront, 815 Justison Street , Wilmington, DE, 19801, United States
BLS CPAs will be an exhibitor at the 23rd Annual Delaware SHRM Conference & Expo!
Join us at the 23rd annual Delaware SHRM Conference and Expo taking place at the Chase Center in Wilmington, Delaware on November 14 – 15, 2023. Over 300 HR professionals, vendors and speakers are expected to attend this year’s conference.

IMPORTANT DEADLINE: Nonprofits
2023-11-15
NONPROFITS:
Final extended Form 990 filing deadline for calendar year nonprofit organizations.
For additional information on these deadlines or to learn about our Nonprofit services, please click here to contact us.

Catholic Charities Bishop's 5K
2023-11-18 08:00 - 11:00 | St. Marks High School, 2501 Pike Creek Road, Wilmington, Delaware, 19808
BLS is a Supporter Sponsor for Catholic Charities’ Bishop’s 5k Run/Walk.
Each year, Catholic Charities of the Diocese of Wilmington benefits from the Bishop’s 5K Run/Walk. This community event and fundraiser is an opportunity to assist Catholic Charities with the critical mission of helping the needy and underprivileged who live in our own neighborhoods.
This year, the Bishop’s 5K Run/Walk is dedicated in memory of Andrea Rotsch.
November 18
8-11am
St. Marks High School
Learn more here: https://www.ccwilm.org/events/the-bishops-5k-runwalk/

IMPORTANT DEADLINE: Benefit Plans (12/31 year end)
2023-12-01
BENEFIT PLAN DEADLINE (12/31 year end):
Last day to distribute the 2024 Safe Harbor Notice, the Contingent Notice for 3% safe harbor contribution or the Qualified Automatic Contribution Arrangement (QACA), as applicable. Must be distributed 30-90 days prior to the start of the next plan year.
2023 Supplemental Notice for Safe Harbor plan that issued Contingent Notice at beginning of year as to whether 3% safe harbor will be made for the current year.
Qualified Default Investment Alternative (QDIA) notice for 2022.
Auto Enrollment Safe Harbor Notice for 2024. (EACA & ACA)
For additional information on these deadlines or our employee benefit plan audit services, please click here to contact us.

IMPORTANT DEADLINE: Benefit Plans (12/31 year end)
2023-12-15
BENEFIT PLAN DEADLINE (12/31 year end): Extended deadline for Summary Annual Report
For additional information on these deadlines or our employee benefit plan audit services, please click here to contact us.

IMPORTANT DEADLINE: International
2023-12-15
Final extended filing deadline for individuals who requested a discretionary 2-month extension by 10/15
For additional information on these deadlines or our international 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.

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: 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.

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.

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.

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.

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.

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: 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: 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: 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.

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

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.

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.

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.
