Here Come the Child Tax Credit Payments: What You Need to Know
The first advance payments under the temporarily expanded child tax credit (CTC) will begin to arrive for nearly 39 million households in mid-July 2021 — [...]
Nonprofits and the Employee Retention Credit
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 [...]
The Biden Administration Proposes Far-Reaching Tax Overhaul
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 [...]
President Biden Details His Tax Proposals for Individuals
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 [...]
Highlights of the American Rescue Plan Act of 2021
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 [...]
Maryland Tax Filing Deadline Extended to July 15
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 [...]
PODCAST | An Update on the Latest Round of PPP Loans
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 [...]
Notable Changes to the Employee Retention Tax Credit
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 [...]
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 [...]
