Completing the PPP loan forgiveness application can seem intimidating, but it doesn’t have to be. Here’s an overview of the 3 applications.Read More
Blog
IRS Allows SALT Cap Workaround for Pass-Through Entities
The IRS has issued Notice 2020-75 that allows a SALT Cap workaround for pass-through entities such as partnerships and S corporationsRead More
2020 Tax Saving Strategies for Businesses
If you own a small business, consider the following tax saving strategies to help minimize your 2020 tax bill.Read More
SBA Issues Loan Necessity Questionnaires for PPP Borrowers With Loans of $2 Million or More
The SBA released two loan necessity questionnaires for Paycheck Protection Program (PPP) borrowers who received PPP loans totaling $2 million or more.Read More
2021 Inflation Adjustments & Tax Tables
The IRS has issued the 2021 annual inflation adjustments for may tax provisions, along with the 2021 tax rate tables for individuals, trusts and estates.Read More
Maryland Strong Economic Recovery Initiative
The $250 million “Maryland Strong Economic Recovery initiative” provides funding to businesses negatively impacted by the COVID-19 pandemicRead More
Individual Tax Planning Strategies for 2020
Here are some individual tax planning strategies to consider to lower your tax burden as we reach the close of 2020Read More
Understanding the Passive Activity Loss Rules
The passive activity loss rules can be complex and confusing for some taxpayers. Here’s what you need to know.Read More
The 2021 Social Security Wage Base Is Increasing
If your business is planning for payroll next year, be aware that the Social Security wage base is increasing.Read More
Year-End Moves for Charitable Giving
Studies show that November and December are the most popular months for charitable giving. Here are some ways to maximize your deduction if you itemizeRead More