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May 19, 2021

IRS Backlog Will Mean Major Delays on Tax Refunds

The Internal Revenue Service (IRS) is experiencing a ‘perfect storm’ of factors that are almost certain to lead to extensive delays in the processing of tax returns and, as a result, the delivery of refunds to taxpayers to whom funds are owed. The Taxpayer Advocate Service, an agency within the IRS that is independent and […]

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February 12, 2021

How This Tax Season Will Be Different and How Your CPA Can Help

Solutions for small businesses to offset the disruptive effects of COVID-19, such as the Paycheck Protection Program, provided much-needed relief to business owners, but will also result in the 2020 tax season is unlike any we have experienced. In this article, we’ll explore the tax implications of this assistance for a better understanding of how to prepare for this year’s tax season.

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January 15, 2021

Maryland Offers “Economic Stimulus” Tax Relief to Some Businesses, Workers

Maryland is now offering a tax-relief to small businesses, independent contractors, and other self-employed citizens in response to the COVID-19 pandemic. Income tax returns and payments will now be extended until April 15.

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December 18, 2020

Maryland: New Executive Order Waives Charging of COVID-19 Unemployment Benefits to Employers

New executive order represents a measure of relief for Maryland employers, they will no longer have to pay out the unemployment benefits related to the COVID-19 pandemic and as a result, will see a reduction in their taxes.

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November 16, 2020

Key Benefits of Hiring a Small Business CPA Firm

The key benefits to partnering with a specialized small busines CPA firm include leveraging up-to-date expertise for tax filing, evaluating and mitigating risk, maintaining financial health, and guiding long-term growth.

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August 19, 2020

What Small Business Owners Need to Know About the Executive Order Deferring Payroll Taxes

The executive order on payroll tax deferral raises questions for small business owners about how—and whether—to implement the program.

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August 11, 2020

New SBA PPP Loan Forgiveness Guidance

Don’t forget to check out these essential key points and provisions about the new SBA PPP Loan Forgiveness Guidance to ensure a loan is applicable for forgiveness.

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May 13, 2020

PPP Use of Funds, Forgiveness and Tax Considerations

Make sure you are aware of the latest use of funds, loan forgiveness & tax updates. Read more about it on our blog:

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July 28, 2018

Keep, Toss or Shred? How to Manage Documents for Your Small Business Taxes

Learn how best to handle your business-critical documents re: shredding, keeping, or throwing away:

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December 11, 2017

Six Smart Year-End Tax Strategies for Small Business Owners

Get a handle on these six strategies to improve your tax preparedness as a small business owner:

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