The employee retention credit (ERC) is a credit for employers against payroll taxes owed. The idea behind the credit is to lessen the financial strain… Read more »
Categories: Tax, Tax Planning, Not-for-Profit, Small Business, COVID-19 Resources
President Biden recently announced his $1.8 trillion American Families Plan (AFP), the third step in his Build Back Better policy initiative. The announcement followed the… Read more »
Categories: Tax, Tax Planning, COVID-19 Resources
President Biden’s proposals for individual taxpayers were outlined in an April 28 address to Congress and in an 18-page fact sheet released by the White… Read more »
Categories: Tax, Tax Planning, COVID-19 Resources
On March 11, 2021 President Biden signed the American Rescue Plan Act of 2021 (The Act) and $1.9 trillion which followed closely the framework that… Read more »
Categories: Tax, Tax Planning, Small Business, COVID-19 Resources
Comptroller Peter Franchot announced on Thursday, March 11 the deadline to file state income taxes has been extended to July 15 in Maryland. The extension… Read more »
Categories: Tax, Tax Planning, COVID-19 Resources
GSG’s latest podcast features Alan Spero who discusses the new round of PPP loans and how businesses can take advantage of it. Back in March… Read more »
Categories: Podcast, Tax, Tax Planning, Small Business, COVID-19 Resources
When the CARES Act was signed into law on March 27, 2020, it established the Employee Retention Tax Credit (ERTC), which entitled eligible employers to… Read more »
Categories: Tax, Tax Planning, COVID-19 Resources
The Comptroller of Maryland issued a news release and tax alert on January 6, 2021 that provides extensions of time for tax filings and tax… Read more »
Categories: Tax, Tax Planning, COVID-19 Resources
GSG recently released its annual tax-planning guide, which includes in depth year-end and year-round tax-saving strategies for individuals and businesses for the 2020 tax year… Read more »
Categories: Tax, Tax Planning, Retirement Planning, COVID-19 Resources
Late Monday evening, Congress approved The Consolidated Appropriations Act, 2021 (the Act) that contained a number of tax provisions, but more importantly, a number of additional… Read more »
Categories: Tax, Tax Planning, Small Business, COVID-19 Resources
