Tax

MD Tax News Round Up: Gov. Moore’s Budget Proposal; GOP Lawmakers Want More Tax Cuts; and State Tax Burden Near Highest

2025-02-12T17:03:00+00:00February 4, 2025|Categories: Tax|

As the calendar year 2025 is now fully upon us and tax season is officially underway, we want to provide a summary of recent Maryland-related [...]

PODCAST | Annual Tax Planning Tips for 2024 (and Beyond)

2025-01-15T15:27:48+00:00December 14, 2024|Categories: Podcast, Tax, Tax Planning|

In the following Gorfine, Schiller & Gardyn podcast interview, Aaron Bloom, Director of Tax Services at GSG, discusses year-end and year-round tax-saving strategies for the [...]

Does your small business need to file a BOI report? The deadline is approaching

2025-01-15T15:22:53+00:00December 5, 2024|Categories: BOI, Emerging Regulations, Small Business, Tax|

Many U.S. small business owners must report beneficial ownership information (BOI) to the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) by January 1, 2025. [...]

Federal court rules against DOL’s “white collar” overtime rule

2025-01-15T15:06:09+00:00November 26, 2024|Categories: Emerging Regulations, Tax|

A federal district court judge has struck down the Biden administration’s new rule regarding the salary threshold for determining whether certain employees are exempt from [...]

How will the 2025 inflation adjustment numbers affect your year-end tax planning?

2024-11-15T14:11:29+00:00October 26, 2024|Categories: Blog, Emerging Regulations, Inflation, Tax, Tax Planning|

The IRS has issued its 2025 inflation adjustment numbers for more than 60 tax provisions in Revenue Procedure 2024-40. Inflation has moderated somewhat this year over [...]

Ease the financial pain of natural disasters with tax relief

2024-11-15T14:05:20+00:00October 12, 2024|Categories: Blog, Emerging Regulations, Tax|

Hurricane Milton has caused catastrophic damage to many parts of Florida. Less than two weeks earlier, Hurricane Helene victimized millions of people in multiple states [...]

PODCAST | All About the IRS and Partnership Basis Shifting

2024-10-16T18:46:43+00:00August 15, 2024|Categories: Blog, Podcast, Small Business, Tax, Tax Planning|

In the following Gorfine, Schiller & Gardyn podcast, Aaron Bloom, Director of Tax Services at GSG, provides a thorough analysis about the IRS’ efforts to stop [...]

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