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Archive for the ‘ News ’ Category

Maryland Sales Tax on Digital Products

Thursday, March 11th, 2021

The effects of Maryland’s 21st Century Economy Fairness Act will soon be felt by vendors and consumers of “digital products” in Maryland. This new law, effective March 14, 2021, is catching many by surprise as the bill was vetoed by… Read More

COVID-Related Paid Sick Leave Employer Tax Credit Extended to March 31, 2021

Wednesday, February 3rd, 2021

We have previously provided information on the Families First Coronavirus Relief Act (FFCRA) passed by Congress last March. While the FFCRA, effective April 1, 2020, expired by its own terms on December 31, 2020, one aspect of the act has… Read More

PPP Loans and Tax Deductibility of Expenses.

Tuesday, December 22nd, 2020

Pending congressional legislation (the Consolidated Appropriations Act, 2021) would make expenses paid with forgiven PPP loans tax deductible. Although it was always clear that forgiveness of a PPP loan would not be treated as taxable income, the IRS has taken… Read More

Baltimore City now accepting Grant Applications for Restaurants to cover COVID related expenses.

Saturday, November 14th, 2020

Beginning November 12th, 2020 Baltimore City is accepting applications for grant funds to Restaurants to cover COVID-related expenses. The maximum grant amount available is $50,000 and the program itself will award up to $6,500,000 in total funds. Grants are awarded… Read More

Paycheck Protection Program Forgiveness Reminder

Monday, September 28th, 2020

Just a reminder, the 24-week period to apply for forgiveness is beginning to expire for early recipients of PPP funding. Be sure to review your forgiveness application deadline (count the weeks that have passed since your PPP funding) and contact… Read More

IRS releases its dirty dozen scam list for 2020.

Monday, July 27th, 2020

The IRS has released its annual “dirty dozen” list of scams for which taxpayers should keep an eye out. https://www.irs.gov/newsroom/https://www.irs.gov/newsroom/dirty-dozendirty-dozen

Remote Witness Order

Monday, April 13th, 2020

On Friday, April 10th, 2020, Governor Hogan signed an Emergency Order to permit the remote witnessing of Wills, Powers of Attorney, and Advanced Directives. This Order allows for estate planning documents to be witnessed without requiring the witness to be… Read More

Who Gets What When There Isn’t a Will?

Monday, April 6th, 2020

Maryland has always had laws in place to dictate what happens to someone’s estate when they die without a Last Will and Testament. In the last year one of those laws has changed slightly, specifically Senate Bill 317 was enacted… Read More

The Coronavirus Aid, Relief, and Economic Security (CARES) Act

Saturday, April 4th, 2020

On March 27, 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. It’s an approximate $2 trillion aid package and sets aside $350 Billion for Paycheck Protection Loans and $10 Billion for Economic Injury Disaster Loans for… Read More

The Families First Coronavirus Response Act: What You Need to Know as an Employer

Wednesday, April 1st, 2020

About 3 weeks ago, we shared some guidance concerning how you, as an employer, can help protect against the spread of the novel coronavirus. Since then, much has transpired and while that guidance remains relevant, there are certain developments of… Read More