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 (America/New_York) | 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.

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)
2024-04-01
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.

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

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.

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.

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.

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: 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.

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.

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.

Sanford School Home & School Auction
2024-04-20 18:00 - 22:00 | Delaware Museum of Natural History, 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.

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.

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

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

Delaware Bankers Association 2024 Annual Meeting & Dinner
2024-05-09 16:00 - 20:30 | 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.

Delaware Center for Justice Annual Celebration '24
2024-05-10 17:30 - 20:00 | The Delaware Contemporary, 200 S Madison Street, Wilmington, Delaware, 19801
BLS is a Justice Advocate Sponsor for Delaware Center for Justice Annual Celebration ’24.
When: May 10, 2024 – 5:30-8:00pm
Learn more here: DJC Annual Celebration ’24
It’s time to celebrate those Delawareans who make a difference in our justice-impacted communities! Join DCJ for a night of music, art, drinks, and delicious food in fellowship with Delaware’s justice seekers!

Boys & Girls Clubs of Delaware: 2024 Stanley's Classic
2024-05-13 | Wilmington Country Club, 4825 Kennett Pike, Wilmington, DE, 19807, United States
Belfint, Lyons & Shuman, CPAs is PROUD to be a Champion for Kids Sponsor for the 2024 Boys & Girls Club of Delaware Stanley’s Classic Golf Tournament.
May 13, 2024
Wilmington Country Club
Over the past 35 years, the classic has raised more than $2 million dollars for the Greater Wilmington Boys & Girls Clubs. Proceeds from past classics have been used to provide educational services to youth as well as to provide scholarships for kids to attend the Summer Camp program offered at Wilmington area Clubs.
More Details Here: 2024 Stanley’s Tavern Golf Classic

IMPORTANT DEADLINE: Nonprofits
2024-05-15
NONPROFITS:
Form 990 filing deadline for calendar year nonprofit organizations.

ASPPA Spring National 2024: We Have an Emergency!
2024-05-15 14:50 - 15:40
Christopher Ciminera, CPA, QKA will be moderating at ASPPA Spring National.
May 15, 2024
2:50 – 3:40 PM: Workshop 5: We Have an Emergency! Case Studies on Emergency Distributions
Congress understands that emergency savings are not sufficient for many individuals. As such, Congress, through the SECURE 2.0 Act, has enacted additional options to make it easier for participants to receive money from their retirement accounts in the event of emergency. These options are in addition to the already allowable participant loan and hardship withdrawal provisions. With this influx of rules all at once, it’s hard not to confuse all of the new legislative provisions. This session will clarify all the options.
This session will discuss:
• Loans
• Hardship Withdrawals
• Emergency – Section 115 of the SECURE 2.0 Act
• Emergency Savings (PLESA) – Section 127 of the SECURE 2.0 Act
• Qualified Disaster Distributions – Section 331 of the SECURE 2.0 Act
• Terminal Illness Distributions – Section 326 of the SECURE 2.0 Act
After this session, participants will be able to:
• Identify all of the newly allowed emergency distribution options enacted by the SECURE 2.0 Act.
• Understand the emergency distribution options in detail.
• Help clients administer the provisions and to avoid errors.
ASPPA Spring National
May 15 – 16
Virtual
ASPPA Spring National — is a virtual experience, offering opportunities for attendees to make connections that will fuel you and your team well after the event.
Find out more here: ASPPA Spring National 2024

Better Business Bureau 59th Annual Celebration
2024-05-15 17:00 - 18:30 | DuPont Country Club, 1001 Rockland Road, Wilmington, DE, 19803, United States
BLS CPAs is proud to be a President’s Sponsor for the Better Business Bureau of Delaware’s 59th Annual Awards Celebration!
On May 15, 2024 BBB Delaware will honor companies with their business ethics awards (Torch, Rush and Thrive). In addition to the prestigious business awards, BBB will shine a spotlight on two students with the Student Ethics Scholarship presentation.
This is great networking event and opportunity to celebrate the mission of BBB.
Additional details can be found on the BBB of Delaware’s website.

ASPPA Spring National 2024: Eligibility: Back to the Basics
2024-05-16 12:30 - 13:20
Christopher Ciminera, CPA, QKA will be moderating at ASPPA Spring National.
May 16, 2024
12:30 – 1:20 PM: Workshop 7: Eligibility: Back to the Basics
If you are new to the industry, or just want a nice refresher, this session will dive into plan eligibility! We will cover eligibility options for plan design and review how to figure eligibility with each option including elapsed time, hourly, special exclusions, and break in service rules. Have your thinking caps on as we will be going through real life examples.
ASPPA Spring National
May 15 – 16
Virtual
ASPPA Spring National — is a virtual experience, offering opportunities for attendees to make connections that will fuel you and your team well after the event.
Find out more here: ASPPA Spring National 2024

ASPPA Spring National 2024: Updates on Forms 5500, 5558, and 8868
2024-05-16 13:30 - 14:20
Christopher Ciminera, CPA, QKA will be moderating at ASPPA Spring National.
May 16, 2024
1:30 – 2:20 PM: Workshop 10: Updates on Forms 5500, 5558, and 8868
The 2023 Forms 5500 and 5500-SF – Annual Return/Report of Employee Benefit Plan have a number of changes from previous filings. This session will discuss the recent changes, updates to Form 5558 – Application for Extension of Time to File Certain Employee Plan Returns, and the new Form 8868 – Application for Extension of Time to File an Exempt Organization Return of Excise Taxes Related to Employee Benefit Plans.
This session will discuss:
• The new Schedule DCG for Defined Contribution Group (DCG) reporting options
• The new Schedule MEP for Multiple-Employer Plans
• The new participant counting methodology for determining type of filer.
• The new administrative expenses transparency changes.
• The new compliance questions added to Schedule R.
ASPPA Spring National
May 15 – 16
Virtual
ASPPA Spring National — is a virtual experience, offering opportunities for attendees to make connections that will fuel you and your team well after the event.
Find out more here: ASPPA Spring National 2024

Stroud Water Research Center Fore Fresh Water Golf Invitational
2024-05-20 11:30 - 19:30 | Bidermann Golf Course, 601 Adam's Dam Road, Wilmington, DE, United States
BLS is proud to be a Hole Sponsor of the 2024 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.
Tee Off “Fore” Fresh Water
Date: May 20, 2024
11:30 a.m. shotgun start; 4:30 p.m. cocktail reception.
Location: Bidermann Golf Course
Find out more here: https://stroudcenter.org/event/golf-outing/

AICPA Engage 2024 Conference: Reading Trust and Will Documents
2024-06-05 14:05 - 15:20 | ARIA Resort & Casino
Karly Laughlin, CPA, AEP will be co-presenting at the AICPA & CIMA ENGAGE24 Conference!
AICPA & CIMA Engage 2024: Reading Trust and Will Documents

June 5, 2024

11:05 AM — 12:20 PM PDT
2:05 PM — 3:20 PM EDT
ENG2429. Reading Trust and Will Documents (TAX, EST)

In this fast-paced, interactive session, we’ll examine key language in a Will and trust agreement to break down the most important provisions in plain English. We’ll also explain how an when a revocable trust becomes irrevocable and the tax implications. Last, we’ll explain the timing and tax considerations when a credit shelter trust, marital trust, or trust for another beneficiary is created after the death of the trustor.
Learning Objectives:

Understand the interplay between a pour over will and a revocable trust.
Appreciate the significance of formula provisions in a trust agreement and how they work.
Analyze typical language in a trust agreement pertaining to distributions of income and principal and connect this language with preparation of the fiduciary income tax return.

Session Information: https://agenda.aicpastore.com/sessions/eng2429
