Q1 2022 Tax Calendar: Key Deadlines for Businesses and Employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2022. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more

January 11th, 2022|

DWC Professional Attains CAAS Certification

Dalby, Wendland & Co., P.C., (DWC) is pleased to announce Client Accounting Services’ Specialist Denise Distel was recently awarded the Client Accounting Advisory Services (CAAS) Certificate from the American Institute of CPAs. CAAS certification verifies competency in best practices for delivering outsourced back-office accounting and virtual CFO and controller services

January 5th, 2022|

IRS to Send Economic Impact Payment and Advance Child Tax Credit Letters

If you received Economic Impact Payments (EIPs) or advance Child Tax Credit (CTC) payments in 2021, expect to hear from the IRS in January. Letters will be mailed, listing the total EIPs or CTC payments you received. Keep the letters with your tax records and provide to your accountant for

December 14th, 2021|

Cost Segregation Study Can Provide Accelerated Depreciation

If your business is depreciating over a 30-year period the entire cost of constructing the building that houses your operation, you should consider a cost segregation study. It might allow you to accelerate depreciation deductions on certain items, thereby reducing taxes and boosting cash flow. And under current law, the

November 30th, 2021|

New Digital Asset Reporting Requirements Imposed in Coming Years

The Infrastructure Investment and Jobs Act (IIJA) was signed into law on November 15, 2021. It includes new information reporting requirements that will generally apply to digital asset transactions starting in 2023. Cryptocurrency exchanges will be required to perform intermediary Form 1099 reporting for cryptocurrency transactions. Existing Reporting Rules If

November 30th, 2021|

IRS Announces 2022 Retirement Plan Limits

The IRS recently announced 2022 cost-of-living adjustments to dollar limits and thresholds for qualified retirement plans. Here are some highlights: Elective Deferrals The annual limit on elective deferrals (employee contributions) will increase from $19,500 to $20,500 for 401(k), 403(b) and 457 plans, as well as for Salary Reduction Simplified Employee

November 30th, 2021|

Opportunities and challenges: Business Valuation in the age of COVID-19

Valuation and estate planning go hand in hand. After all, the tax implications of various estate planning strategies depend on the value of your assets at the time they’re transferred. The COVID-19 pandemic has had a significant impact on the value of many business interests and other assets, which may

November 17th, 2021|
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