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
On January 6, 2021, the SBA published guidance in the Paycheck Protection Program (PPP) that has clarified both loans that were received in the first… Read more »
Categories: Tax, 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
As the week ends, Congress is still working on the Bipartisan Emergency COVID Relief Act of 2020 with both sides of the aisle agreeing something… Read more »
Categories: Tax, Small Business, COVID-19 Resources
Maryland pass-through entities, including partnerships and S corporations, now have an option to elect to pay Maryland state income tax rather than tax being paid… Read more »
Categories: Podcast, Tax, Tax Planning
The IRS has created a new form, 1099-NEC, to report payments for nonemployee compensation for the 2020 tax year. Nonemployee compensation is the only information… Read more »
Categories: Tax, Tax Planning, Small Business
Governor Larry Hogan recently announced that the Maryland State Department of Assessments and Taxation (SDAT) is extending the deadline to apply for 2020 Homeowners’ and… Read more »
Categories: Podcast, Tax, Tax Planning, Real Estate, COVID-19 Resources
The multi-family housing marketplace is one of the many industries facing economic challenges amid COVID-19. After experiencing a steady increase in rental rates over the… Read more »
Categories: Podcast, Tax, Tax Planning, Audit & Accounting, Real Estate, COVID-19 Resources
