Aug 29, 2018 | Blog Posts
The IRS will now automatically provide consent to small business taxpayer’s application to change to the cash method of accounting. What do the automatic consent changes include? a change to the cash method of accounting an end to UNICAP for certain costs – this...
Aug 29, 2018 | Blog Posts
Delaware legislation has authorized the formation of series limited liability companies. Beginning August 1, 2019, registered DE series LLCs will have an annual tax imposed. A series LLC is a unique entity that consists of separate, individual interests. In Delaware,...
Aug 22, 2018 | Blog Posts
Hello, again! Growing up, I was always scared of the term, the “real world,” but this position has shown me that it is nothing to be afraid of. In fact, now I feel much more confident and professional. This internship has given me incredible insight to what...
Jul 31, 2018 | Blog Posts
Hello, hope everyone is having a wonderful summer! I’m Brooke Baldassano, a tax intern here at Stephano Slack in Wayne. May 2019, I will graduate from Bloomsburg University with a bachelor’s degree in accounting. I can proudly say this has been the best job I’ve had....
Jul 10, 2018 | Blog Posts
The Supreme Court ruled that South Dakota can require online retailers to collect sales tax, in the June 21st, 2018 decision of South Dakota v. Wayfair, Inc. Collecting sales tax on online purchases has been a controversial subject for years. The Supreme Court’s 5-4...
Jul 10, 2018 | Blog Posts
With the passing of the Tax Cuts and Jobs Act, there were some important changes in the legislation which are both temporary in nature and effective through 2025 regarding mortgage interest. The first change relates to the limitation on the amount of acquisition...
Jun 14, 2018 | Blog Posts
Even before the Opening Ceremony began, we knew it was going to be a gold medal day! Stephano Slack spent the day volunteering with Special Olympics Delaware at the University of Delaware. We arrived bright and early and the weather was perfect for the events. Some...
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