IMPORTANT DEADLINE: Businesses
2021-02-16 | Delaware
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 | Delaware
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.

Economic Outlook with Chester County Estate Planning Council (CCEPC)
2021-02-18 17:00 - 18:30 (America/New_York) | Delaware
BLS IS SPONSORING THE CHESTER COUNTY ESTATE PLANNING COUNCIL EVENT!!!
Topic: Economic Outlook with Chester County Estate Planning Council (CCEPC)
Date: Thursday, February 18, 2021
Time: 5:00pm – 6:30pm
Location: ZOOM
Speaker: Ryotaro Tashiro, Federal Reserve Bank of Philadelphia
FIND OUT MORE HERE: https://www.chescoepc.org/events/event/19835

CCCF - Investment Forum 2021
2021-02-23 12:00 - 12:45 | Zoom
BLS is a Copper Sponsor for Chester County Community Foundation’s Investment Forum 2021!
Join the Chester County Community Foundation on Zoom Tuesday, February 23, 2021 from 12-12:45pm for a briefing on our investment process, strategy, and performance.
Schedule of Events
February 23, 2021
12:00 – 12:45pm
Find out more here: https://chescocf.org/events/invest/

University of Delaware 2021 Summer Externship Networking Night
2021-02-25 17:00 - 18:30 | Delaware
University of Delaware Summer Externship Networking Night
BLS will be there to talk about our Summer Externship Program.
Attend this networking event to meet employers and alumni seeking undergraduate students with an expected graduation date between December 2022-May 2024 for their summer externship/leadership programs!
Students will have the opportunity to virtually network 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 services industry (accounting, finance and IT).
Additional details can be found at UD’s Events Website.

IMPORTANT DEADLINE: Businesses
2021-03-01 | Delaware
Businesses:
File information returns (for example, certain Forms 1099) for certain payments you made during 2020. These payments are described under February 1, earlier. However, Form 1099-NEC reporting nonemployee compensation must be filed by February 1. 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 February 1.
For additional information on these deadlines or our tax services, please click here to contact us.

Estate Planning Council of Delaware: Post-Election Estate Planning
2021-03-03 18:00 - 19:00 | Zoom
BLS IS SPONSORING THE ESTATE PLANNING COUNCIL OF DELAWARE’S MARCH EVENT
Topic: Post-Election Estate Planning
Date: Wednesday, March 3, 2021
Time: 6:00pm – 7:00pm
Location: ZOOM
Speaker: Jonathan Blattmachr, Peak Trust Company
FIND OUT MORE HERE: https://www.epcdelaware.org/events/event/20143

IMPORTANT DEADLINE: International
2021-03-15 | Delaware
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)
2021-03-15 | Delaware
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, 2021 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
2021-03-15 | Delaware
S-CORPORATIONS: File a 2020 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 2021.
PARTNERSHIPS & LARGE PARTNERSHIPS: File a 2020 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.

CCCF - Sweet Charity: Growing & Sourcing Locally
2021-03-16 12:00 - 13:00 | Zoom
BLS is a Copper Sponsor for Chester County Community Foundation’s 2021 Sweet Charity Events!
Join the Chester County Community Foundation on Zoom Tuesday, March 16, 2021 at 12pm for the second session of their Sweet Charity Event.
Growing & Sourcing Locally: Where does my food come from?
Terry Brett, CEO, Kimberton Whole Foods
Pete Flynn, Owner, Pete’s Produce Farm
Emily Kovach, Editor-in-Chief, PA Eats
March 16, 2021
12:00pm
Don’t forget to purchase your Sweet Charity GOLDEN TICKET!
We know you yearn to gather at Sweet Charity to catch up with friends, enjoy an array of Chester County desserts, and support our mission. But not yet. Safety first. Instead, ‘til we have conquered COVID…

Show you care about community philanthropy by purchasing a Sweet Charity Golden Ticket for $100, $500, or $1,000.
Bring your Golden Ticket to Carlino’s Market in West Chester, anytime from 9am-5pm March 25–27.
Carlino’s Market: 128 W Market St, West Chester, PA 19382
Exchange your Golden Ticket for a box of 4 Sweet Charity mini-desserts.
Savor each mini-dessert at home, along with your favorite adult beverage.
Go online to vote for your favorite mini-dessert, and share your comments and critiques.
Zoom in on Tuesday, March 30 at noon to network with us, learn insider dessert creation tips from Carlino’s Executive Pastry Chef Jessica Perez, discover the vote-winning dessert, and see if you’ve won a Carlino’s Gourmet Food Basket.

Find out more here: https://chescocf.org/sweet-charity/

NAIFA DE Spring Symposium: Tax Planning
2021-03-23 09:35 - 10:25 | Delaware
Michael D. Kelly, CPA, will be presenting at NAIFA DE’s Spring Symposium on the topic of Tax Planning
Topic: Tax Planning with Michael D. Kelly, CPA
Date: Tuesday, March 23, 2021
Time: 9:35am – 10:25am ET

The show must go on – albeit virtual – NAIFA Delaware is continuing to offer the opportunity to network, learn, and earn CE credits. Attendees will receive credit for those presentations they are logged in for. The log of attendees is stored electronically. If a registrant is logged into 2 presentations, they will receive those 2 credits earned. The electronic log will show the start and end time for each participant. All attendees must pre-register to receive credit and provide their NPN# or license information for CFP, at registration in order to receive credit(s).

For more information and to register, visit NAIFA DE’s Website.

Webinar: Employee Benefit Plan Voluntary Correction Programs: Fixing Costly Errors and Preserving Tax Benefits
2021-03-23 13:00 - 15:00 | Delaware
Christopher J. Ciminera, CPA, QKA, will be presenting at Strafford’s Webinar – Employee Benefit Plan Voluntary Correction Programs: Fixing Costly Errors and Preserving Tax Benefits
Topic: Employee Benefit Plan Voluntary Correction Programs: Fixing Costly Errors and Preserving Tax Benefits
Date: Tuesday, March 23, 2021
Time: 1:00pm – 2:50pm ET

This webinar will provide employee benefit plan auditors with best practices and the proper procedures to remedy serious and costly (but all too common) benefit plan errors through available IRS and DOL retirement plan correction programs. The panel will explain the processes and potential pitfalls that practitioners often encounter in correcting plan mistakes and outline how to address these issues based on real-world experiences.
Identifying an operational error during the plan audit is usually only the first step. As a valued service provider, your client generally will request your help to correct operational failures identified during the audit. To be able to appropriately guide them through the correction and to keep the plan in compliance, you must stay on top of the IRS’s and DOL’s ever-changing rules and regulations and understand the available options to correct mistakes once they are discovered.To appropriately assess risk in the audit and help correct identified errors, employee benefit plan auditors and advisers must understand the most prevalent errors and have familiarity with the government’s compliance programs. Our panel will explain how you can provide additional value to your client by helping identify and correct errors in their retirement plan operations–before an IRS audit or DOL investigation occurs.
Our panel will elaborate on the available options to fix plan errors. The panel’s insights will help you identify common errors and effectively collaborate with service providers, potentially including ERISA counsel, to present the client with the available correction options for their consideration. The program will help you gain an understanding of different types of corrective actions under the IRS’s Employee Plans Compliance Resolution System (EPCRS) and the DOL’s Delinquent Filer Voluntary Compliance (DFVC) and Voluntary Fiduciary Correction (VFC) programs.
Listen as our panel offers insights based on real world experience for remedying high risk mistakes commonly identified during benefit plan audits. The panel will also outline approaches to correct plan errors before an audit or after a filing.

For more information, visit Strafford’s Webinar Listing.

CCCF - Sweet Charity à la COVID
2021-03-30 12:00 - 13:00 | Zoom
BLS is a Copper Sponsor for Chester County Community Foundation’s 2021 Sweet Charity Events!
Join the Chester County Community Foundation on Zoom Tuesday, March 30, 2021 at 12pm for the second session of their Sweet Charity Event.
Sweet Charity à la COVID
Chef Jessica Perez, Carlino’s Market
March 30, 2021
12:00pm
Network, learn insider dessert creation tips from Carlino’s Executive Pastry Chef Jessica Perez, discover the vote-winning dessert, and see if you’ve won a Carlino’s Gourmet Food Basket.
Find out more here: https://chescocf.org/sweet-charity/

IMPORTANT DEADLINE: Benefit Plans (12/31 year end)
2021-04-01 | Delaware
BENEFIT PLAN DEADLINE (12/31 year end):
Required Minimum Distribution (RMD) beginning date for 5% owners and terminated participants who turned 72 in 2020. 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: Individuals, IRAs, C-Corps, Corporations and Trusts
2021-04-15 | Delaware
On March 17, the Treasury and IRS extended the time period to file and pay INDIVIDUAL taxes until May 17.
As of the March 17 notice, this does not extend first quarter estimates or state filings, except for the State of Maryland.
Learn more about this Individual Tax Day Extension.
On March 29, the IRS extended additional tax deadlines for individuals to May 17. Learn more about these changes on the IRS website.
INDIVIDUALS: On March 17, the Treasury and IRS extended the time period to file and pay INDIVIDUAL taxes until May 17.
C-CORPS: C-Corps file calendar year 2020 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: On March 29, the IRS extended the time period to make contributions to 2020 IRA & Roth IRAs until May 17.
INDIVIDUALS & CORPORATIONS: If you’re not paying your 2021 income tax through withholding (or won’t pay in enough tax during the year that way), pay the first installment of your 2021 estimated tax. Use Form 1040-ES. For more information, see Pub. 505.
CORPORATIONS: For calendar year corporations, deposit the first installment of estimated income tax for 2021. A worksheet, Form 1120-W, is available to help you estimate your tax for the year.
TRUSTS: 2020 tax returns must be filed or extended. The balance due must be paid. An automatic extension to September 30, 2021 using Form 7004 can be filed. This is NOT an extension to pay.

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

IMPORTANT DEADLINE: International
2021-04-15 | Delaware
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, 2021 using Form 7004 is available.
For additional information on these deadlines or our international services, please click here to contact us.

IMPORTANT DEADLINE: Benefit Plans (12/31 year end)
2021-04-15 | Delaware
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.

Death, Taxes, and Retirement Plan Operational Failures
2021-04-19 14:00 - 15:00 | Delaware
Maria T. Hurd, CPA, RPA, CPSP will be presenting for Fidelity Investments during their Webinar Series.
April 19, 2021
2 – 2:45 PM EST: Death, Taxes, and Retirement Plan Operational Failures
Retirement plan administration is complicated — mistakes will happen, but thanks to the IRS and DOL, there is always a correction program! Everyone knows about the challenges involving late deferral deposits, but that is only the tip of the iceberg, and much easier to correct than operational failures related to eligibility, use of the wrong definition of compensation, participant loan repayment errors, unsubstantiated hardship distributions, and so much more.
During this seminar, Maria T. Hurd, CPA, RPA, will alert plan sponsors to the most common operational errors and how to correct them using the IRS and the DOL correction programs: the Employee Plan Compliance Resolution System (EPCRS), the Delinquent Filer Voluntary Compliance Program (DFVCP), and the Voluntary Fiduciary Compliance Program (VFCP).

The Value of Mentors in a World Gone Crazy
2021-04-23 14:45 - 15:45 | Delaware
Karly A. Laughlin, CPA, will be co-presenting at the 33rd RPTE Virtual CLE Conference.
Topic: The Value of Mentors in a World Gone Wild
Date: Friday, April 23, 2021
Time: 2:45pm – 3:45pm ET
Panelists:

Karly A. Laughlin, CPA – Belfint Lyons & Shuman, CPAs
Jennifer E. Smith – McCollom D’Emilio Smith Uebler LLC
George P. Bernhardt – Baker Hughes Company
Elizabeth C. Lee – Womble Bond Dickinson

This presentation will inspire attendees to mentor young professionals in their organizations and networks in order to create a diverse and inclusive cadre of professionals to best serve 21st century clients. This panel will explore the benefits of mentoring, offer a variety of mentoring techniques, and highlight strategies for mentoring in a remote work environment.

For more information, visit RPTE’s Virtual CPE Conference Website.

ASPPA Spring National 2021: What to Expect from 2021 audits of 2020 Plan Financial Statements
2021-04-28 15:00 - 15:50 | Delaware
Maria T. Hurd, CPA, RPA, CPSP will be presenting at ASPPA Spring National.
April 28, 2021
3 – 3:50 PM: Workshop 5: What to Expect from 2021 audits of 2020 Plan Financial Statements
The SECURE Act, the CARES Act, and several IRS and EBSA Notices granted relief and offered guidance for late deferral deposits, mid-year safe harbor contribution suspensions or reductions. The resulting changes in plan provisions and plan processes have an impact on the plan financial statements and the related audit procedures. In this session, you will learn:

How audit information requests and risk assessments will change to reflect new plan provisions and operations.
What backup auditors need when new plan provisions are enacted operationally prior to a plan amendment.
How to best collaborate with the auditors and the clients to correct operational errors found during the audit.

ASPPA Spring National
April 28 – 29, 2021
Virtual
ASPPA Spring National — new event, new opportunities, new connections — combines the best of Spring Virtual and the Philadelphia Regional Conferences.
Find out more here: ASPPA Spring National 2021

2021 Delaware Salute to Service - Multiply Good at The Jefferson Awards
2021-04-29 17:30 - 19:30 | Delaware
BLS CPAs is proud to Multiply Good at The Jefferson Awards by being a Community Sponsor for the 2021 Delaware Salute to Service Virtual Event!
Event Details
Multiply Good at The Jefferson Awards – Delaware Salute to Service
Thursday, April 29, 2021
Virtual Awards Ceremony – 5:30pm
#multiplyinggood

IMPORTANT DEADLINE: Individuals
2021-04-30 | Delaware
2020 Delaware tax returns must be filed or extended. The balance due must be paid. An automatic 6-month extension using Form 1027 can be filed. This is NOT an extension to pay.
For additional information on these deadlines or our tax services, please click here to contact us.

2021 National Brain Tumor Walk and Race for Hope
2021-05-02 | PA, United States
BLS is proud to be a sponsor for the 2021 National Brain Tumor Walk and Race for Hope!
Community members from the Washington DC Metro area, New Jersey, North and South Carolina, San Diego, the Pacific Northwest, Denver and the Bay Area in California are all joining forces for one virtual event to kick-off Brain Tumor Awareness Month this May!
Please join us as we come together, for the first time, as ONE community, to conquer and cure brain tumors — once and for all. Participants can walk, run, get on your treadmill, do any activity that feels right for you and your team and share photos and videos on social media using our #NBTSWalk2021 and #NBTSRace2021 hashtags!

Date: May 2, 2021
Location: Virtual
Find out more here: https://secure2.convio.net/bts/site/TR?sid=2045&fr_id=3553&pg=informational

Jewish Family Services of Delaware Broadway Event (BLS Sponsoring)
2021-05-02 19:00 - 20:00 | DE, United States
BLS CPAs is proud to be a Sponsor of the Jewish Family Services of Delaware Virtual Broadway Event: The Healing Power of Music.
The Jewish Family Services of Delaware will be holding its Virtual Broadway Event: The Healing Power of Music on Sunday, May 2, 2021. Nobody can deny the ways music can energize, soothe, inspire, and connect us…and that just may be exactly what we all need right now. It’s been over a year since the global pandemic began, which has resulted in increased isolation, sudden unemployment, anxiety and depression, and immeasurable loss in many forms. Join friends, family, and stars from the Broadway stage online for an evening of healing, entertainment, and charity with JFS Delaware.
Find additional details here: https://www.jfsdelaware.org/event/virtual-broadway/

Christiana Rotary - Teeing it Up for the Kids Golf Tournament
2021-05-10 11:30 - 17:00 | Hartefeld National, PA, 19311, United States
BLS is a Drink and Tee Sponsor of the Christiana Rotary’s 26th Annual Tee it Up for the Kids Golf Tournament!
The Christiana Rotary has rescheduled their 2020 golf outing for 2021! Join the Christiana Rotary on Monday, May 10, at Hartefeld National Golf Club for this fun event. BLS is proud to sponsor the event!
The event details are listed below:
Schedule of Events
Registration & Lunch – 11:30
Shotgun Start – 1:00
Find out more here: https://www.facebook.com/events/654512801955493/

Delaware Bankers Association Annual Meeting (BLS Sponsoring)
2021-05-13 | DE, United States
BLS CPAs is proud to be a Bronze Sponsor of the Delaware Bankers Association’s 126th Annual Meeting.
The Delaware Bankers Association will be holding its 126th Annual Meeting on Thursday, May 13, 2021. Due to the continuing social distancing requirements, we will be conducting this year’s event on-line. This year’s event promises to be a memorable occasion including appearances by many dignitaries, and our keynote speaker, Erin Arvedlund, author of Too Good To Be True, The Rise and Fall of Bernie Madoff.
Find additional details here: http://www.debankers.com/calendar.html

IMPORTANT DEADLINE: Individuals & IRAs
2021-05-17 | Delaware
INDIVIDUALS: On March 17, the Treasury and IRS enacted an automatic extended time period for individuals to file and pay 2020 taxes from April 15 to May 17. File a 2020 Form 1040 or Form 1040-SR and pay any tax due. If you want an extension of time to file the return to October, file Form 4868 and pay what you estimate you owe in tax to avoid penalties and interest. Then, file Form 1040 or Form 1040-SR by October 15. Learn more about the Individual Tax Deadline Extension Notice from the IRS.
IRA: On March 29, the IRS extended the time period to make contributions to 2020 IRA & Roth IRAs from April 15 to May 17. Learn more about these changes on the IRS website.
For additional information on these deadlines or our tax services, please click here to contact us.

Stroud Water Research Center Fore Fresh Water Golf Invitational
2021-05-17 | Bidermann Golf Course, 601 Adam's Dam Road, Wilmington, DE, United States
BLS is proud to be a Hole Sponsor of the 2021 Stroud Water Research Center’s Fore Fresh Water Golf Invitational!
Golf sponsorship and participation helps support Stroud Water Research Center’s freshwater research, environmental education, and watershed restoration efforts.
Date: May 17, 2021
Location: Bidermann Golf Course
Find out more here: https://stroudcenter.org/event/golf-outing/

IMPORTANT DEADLINE: Nonprofits
2021-05-17 | Delaware
NONPROFITS:
Form 990 filing deadline for calendar year nonprofit organizations.
