Extension for Certain Maryland Tax Returns and Payments in 2021
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 [...]
PODCAST: A Summary of GSG’s Annual Tax Planning Guide
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 [...]
The Consolidated Appropriations Act, 2021 Approved by Congress
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 [...]
Bipartisan Emergency COVID Relief Act to Include New Round of PPP
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 [...]
PODCAST | Update on Maryland Pass-through Entity Taxation Election
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 [...]
PODCAST | COVID-19 Remote Working Physical Security Best Practices
GSG’s Supervisor of Audit and Accounting Services, Mike Schiller, discusses the less regulated security measures taken by companies with employees who have chosen a remote [...]
Why Your Form 1099 Looks Different – Everything You Need to Know to Start Preparing Now
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 [...]
PODCAST | Maryland Extends Homeowners’ and Renters’ Property Tax Credits Deadline
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 [...]
PODCAST | COVID-19 Challenges and Opportunities for Multi-Family Housing Sector
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 [...]
PODCAST | Challenges Government Contractors May Face After Securing a PPP Loan
PPP Loan contractors: Many state Department of Transportation (DOT) government contractors have taken advantage of the Paycheck Protection Program (PPP) in response to the COVID-19 [...]
