Implementation of the current expected credit loss (CECL) standard has been delayed again. This time, large public banks get a reprieve.Read More
Blog
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Paycheck Protection Program (PPP) Q&A
The Paycheck Protection Program (“PPP”) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms…Read More
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Business Tax Provisions in Third Coronavirus Relief Package
By a unanimous vote on March 25, the Senate passed a third coronavirus relief package, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act, H.R. 748,…Read More
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CARES Act Signed, SBA Loan Expanded
The CARES (Coronavirus Aid, Relief, and Economic Security) Act was signed into law, significantly expanding loans for small businesses.Read More
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Maryland Business Relief Programs Available
Yesterday Governor Larry Hogan announced the closure of all non-essential Maryland businesses, and there’s hardly an industry that hasn’t been impacted. Hogan also announced new COVID-19 business…Read More
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Is Your MD Business an Essential Service?
Governor Larry Hogan issued an order instructing all non-essential businesses in Maryland to close at 5:00 pm today until further notice. At this time, the Office of…Read More
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Coronavirus (Covid-19): Tax Relief for Small Businesses
In response to the coronavirus (COVID-19), Congress and the IRS have recently provided tax relief to businesses. Here’s a brief rundown.Read More
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How Business Owners May Be Able to Reduce Tax by Using an S Corporation
Do you conduct your business as a sole proprietorship or as a wholly owned limited liability company (LLC)? If so, you’re subject to both income tax and…Read More
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Does Your Business Qualify for the Research and Development Tax Incentive?
The Research and Development tax incentive can save business owners big money, and you may already perform activities that qualify.Read More
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Ideas to Lower Your Taxes for 2019
Tax season is well under way. Have you filed (or extended) your individual federal tax return for 2019 yet? You may still have time to make some…Read More