IRS announces annual inflation adjustments for tax year 2024
November 9, 2023
The IRS announced inflation adjustments for over 60 tax provisions in 2024, including standard deductions for married and single individuals.
Articles & Industry News
Industry News
Social Security Wage Base Increases To $168,600 for 2024
October 18, 2023
The Social Security Administration (SSA) announced on Thursday, October 12, that the 2024 social security wage base will be $168,600, which is an increase of $8,400 from $160,200 in 2023 (view the SSA Fact Sheet). As in prior years, there
IRS Shifts Focus of Compliance Enforcement from Working-Class to Wealthy Taxpayers
September 24, 2023
IRS announces sweeping effort to restore fairness to tax system with Inflation Reduction Act funding; new compliance efforts focused on increasing scrutiny on high-income, partnerships, corporations and promoters abusing tax rules on the books
Comptroller Lierman Announces Faster, Easier Online Process to Claim Unclaimed Property
June 27, 2023
Those who find their name on the Unclaimed Property list can now file a claim form digitally via Maryland OneStop.
2021 Year-End Tax Planning for Business Clients
November 4, 2021
With year-end approaching, it is time to start thinking about moves that may help lower your business’s taxes for this year and next. This year’s planning is more challenging than usual due to the uncertainty surrounding pending legislation that could
2021 Year-End Planning for Our Individual Tax Clients
November 4, 2021
With year-end approaching, it is time to start thinking about moves that may help lower your tax bill for this year and next. This year’s planning is more challenging than usual due to the uncertainty surrounding pending legislation that could,
From FBLA to Youngest Shareholder in Local Accounting Firm
August 12, 2021
Who knew winning 1st Place in MD State FBLA (Future Business Leaders of America) Competition (1998) as a senior in high school would lead to a career as a CPA and at just age 41 becoming a shareholder in the
PPP Round 2 Applications are Now Available!!
January 11, 2021
If your business qualifies and you have any intention of considering one, we urge you to act quickly. Make sure your bank will participate in the second round PPP process; some banks are not. If not, make other arrangements NOW.
Governor Larry Hogan Issues Executive Order to Waive Charging of COVID-19 Unemployment Insurance Benefits to Employers
December 11, 2020
Contributory Employers’ 2021 Tax Rates Calculated Using Pre-Pandemic Experience Rating BALTIMORE, MD (December 10, 2020) – Governor Larry Hogan today issued an Executive Order that waives the charging of COVID-19 unemployment insurance benefits to employers. This Executive Order prevents Maryland’s
PPP Loan Extension of Time passed by Congress
July 2, 2020
The Payroll Protection Program loans have been a cornerstone of small business relief. The program was to expire for applications not submitted by midnight on June 30. However, in the past two days BOTH houses of Congress have passed a
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