If your business is planning for payroll next year, be aware that the Social Security wage base is increasing.Read More
Archive for the ‘Uncategorized’ Category
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Maryland Small Business COVID-19 Emergency Relief Grant Fund
This $50 million Grant Fund offers working capital to provide interim relief for Maryland small businesses and nonprofits whose operations were disrupted due to COVID-19. Terms and…Read More
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Answers to Questions About the Cares Act Employee Retention Tax Credit
As a business with employees, you may have questions about the new employee retention tax credit. Here are some answers.Read More
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QBI Deduction Safe Harbor Rule for Rental Real Estate
The Tax Cuts and Jobs Act (TCJA) introduced a new deduction for individuals, estates and trusts that own interests in so-called “pass-through” business entities for 2018 through…Read More
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The Clock May Be Ticking on Corporate Stock Redemptions
Favorable individual federal income tax rates established by the Tax Cuts and Jobs Act (TCJA) are scheduled to expire at the end of 2025. But some analysts…Read More
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Reap the Rewards of Fresh Talent with Internships
Internships can be the ultimate “win-win” of employment. The intern wins by getting valuable work experience and training, and you win by getting a curious and dedicated…Read More
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DOL Updates Guidance on Independent Contractor Status
The so-called “gig economy” challenges conventional practices between companies and the people who perform the work. A key question is: Are these workers independent contractors or employees?…Read More
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Prepare to Receive a Social Security Administration No-Match Letter
The SSA explains that it’s seeking to reconcile discrepancies between the names and Social Security Numbers (SSNs) it has on file with the names and SSNs that…Read More
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How to Benefit from the Rising Average Age of American Workers
By 2026, nearly one in four workers will be 55 and older. That’s compared to about one in five today, according to the U.S. Bureau of Labor…Read More
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Close-up on Professional Standards for CPAs
The accounting profession is largely self-regulated by the American Institute of Certified Public Accountants (AICPA). Part of its mission involves the development and enforcement of a broad…Read More