2021 Limits for Retirement Plan Contributions
The IRS released Notice 2020-79 on October 26, 2020, disclosing the cost-of-living adjustments for retirement plans.
Nine Research and Development Tax Credit Myths Costing You Money
Misconceptions about the federal research and development tax credit leave many companies paying more tax than required.
New $250 Million “Maryland Strong: Economic Recovery Initiative”
On October 22nd, Governor Hogan announced a new $250 million relief package for business throughout Maryland.
Rebuild VA Grant Opens to More Businesses
Yesterday, on October 28, Governor Northam announced an expansion of eligibility criteria for the Rebuild VA Grant, a grant program in place for small businesses and non-profits affected by COVID-19.
2020 Year-End Tax Considerations for Businesses (Year End Tax Guide)
Tax planning opportunities for consideration in light of COVID-19, the resulting economic crisis, and evolving tax laws and regulations.
SECURE Act: Potential Implications to Naming Your Trust as Retirement Beneficiary
Since the SECURE Act passed in December of 2019, several clients have reached out regarding the so-called “10 Year Rule” which stipulates all retirement assets must be distributed to certain beneficiaries within 10 years of the client’s passing.
Remote Work is Chance for Family Offices to Upgrade Technology Systems
The shift toward remote work is an opportunity for family offices to upgrade technological systems by adopting outsourcing and automation.
Tips for Improving Diversity on Nonprofit Boards
Not-for-profit leaders, take a look at the Board of Directors. Who is there? Is it a table (or a Zoom call) of different types of people, with varied backgrounds and different races and cultures?
Final Guidance on Business Interest Expense Deduction Limitation Under Section 163(j) in the CARES Act
Many U.S. companies took advantage of the Paycheck Protection Program, Economic Injury Disaster Assistance Loans, and other funding sources to shore up cash flow amid the coronavirus pandemic.
How Businesses Should Be Preparing for Changes in State Tax Laws in 2020 and Beyond
Exposure to state tax has been steadily increasing in recent months. From the Wayfair Supreme Court case in 2018 to mounting financial pressures from COVID-19, states are looking at all options to collect revenue they are entitled to.