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 [...]
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 [...]
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 | Employee Payroll Tax Deferral Executive Order Update
GSG’s latest podcast features Tax Director, Matt Keefer, who explains the recent updates released by the IRS on the employee payroll tax deferral executive order. [...]
PODCAST | Deferring Payroll Tax Obligations
On August 8, President Trump issued a series of executive orders, one of which deferring employee payroll tax obligations through the end of the year. [...]
PODCAST | Small Business Survival Lessons From First Wave of COVID-19
Small business survival is at the top of mind while the COVID-19 pandemic shows no sign of slowing down. As states begin considering options for [...]
CARES Act and Retirement Plans – What Plan Sponsors and Participants Should Know
Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, taxpayers are eligible to take up to $100,000 of coronavirus-related distributions from their retirement account [...]
Highlights from the Paycheck Protection Program Flexibility Act
The Senate approved the Paycheck Protection Program Flexibility Act of 2020 (The Act) in the evening of June 3, 2020. The Act, which is presently [...]
