The Impact of Biden’s Proposed $2.3 Trillion Infrastructure Plan on the Construction Industry

President Biden recently unveiled his new $2.3 trillion infrastructure package, the American Jobs Plan. The construction industry will benefit in several ways, but there are mixed reactions on different aspects of the legislation.

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.

2021-04-12T14:42:36-04:00April 8, 2021|Categories: Tax: Business, Tax: Credits & Incentives|Tags: , |

Single Audit Deadline Delayed by Six Months

On March 19, 2021, the Office of Management and Budget issued a memo directing federal agencies to delay, by six months, the deadline for recipient organizations to submit Single Audits. The new deadlines are September 30, 2021 and March 31, 2022.

Guidance Issued for Employers Claiming the Employee Retention Credit

Notice 2021-20 clarifies retroactive changes made to ERTC and PPP interaction and incorporates several previous frequently asked questions.

Navigating Maryland’s New Sales Tax on Digital Products

Maryland businesses are getting caught by surprise by a recently enacted law that subjects digital products to sales tax. Digital products may include movies, books, software, and online training and it’s not always straightforward to determine what’s taxable.

2021-03-29T12:53:48-04:00March 29, 2021|Categories: Tax: Business|Tags: , , |

Senate Passes Extension of Paycheck Protection Program to May 31

PPP extension clears Senate. Program to be extended to May 31, with 30 days provided after May 31 for SBA to process pending applications.

9 Important Tax topics for Individuals and Business Owners in 2021

Managing significant tax changes will ensure individuals and businesses are positioned for success for the remainder of 2021 and beyond.

2021-03-25T16:05:54-04:00March 24, 2021|Categories: Tax: Business, Tax: Individual|Tags: , , |

American Rescue Plan Act Provides Aid to Pension Plans

The American Rescue Plan Act provides significant aid and funding for suffering pension plans, in part through direct financial assistance.

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