NEWS

December 15, 2023 | IRS Issues 2024 Mileage Rates

Beginning January 1, 2024, the standard mileage rates for the use of a car, van, pickup or panel truck is as follows: 67 cents per mile...

November 9, 2023 | $300 Maryland Annual Report Fee Waiver - Deadline is December 1 - MarylandSaves

In September of 2022, MarylandSaves was launched by The Maryland Small Business Retirement Savings Program, which was authorized by House...

November 3, 2023 | IRS Announces 401(K) Limit Increase to $23,000 for 2024

The Internal Revenue Service announced on November 1, 2023 that the amount individuals can contribute to their 401(k) plans in 2024 has...

September 13, 2023 | BGH is One of the Best Firms To Work For in 2023 According to Accounting Today

Accounting Today has announced the 2023 Best Firms to work for. We are execited and proud to announce the Bormel, Grice & Huyett, P.A....

June 14, 2023 | Paid Family Leave Comes to Maryland Under the Time to Care Act

Maryland has joined 10 other states and the District of Columbia in passing a paid family leave law. Under the new Time to Care Act of...

January 23, 2023 | IRS Online Account Can Help Taxpayers Get Ready to File Their Tax Return

An IRS online account makes it easy for people to quickly get the tax planning information they need. With the same ease that taxpayers...

January 17, 2023 | Bonus Depreciation Changes Begin in 2023

Bonus depreciation has been a great tax benefit since 2002. The Job Creation and Worker Assistance Act of 2002 allowed businesses to...

January 13, 2023 | Secure Act 2.0

On December 29, 2022, President Biden signed the $1.7 trillion omnibus 2023 Consolidated Appropriations Act (CAA). Part of the CAA was...

January 9, 2023 | 100% Business Meal Deduction Expired As Of 12/31/2022

For years 2021 and 2022 only, businesses could temporarily deduct 100 percent of business-related food and drink expenses from a...

January 6, 2023 | IRS Mileage Rates - 2023

The IRS has published the official 2023 rates for reimbursable and deductible mileage, and many will be happy to know the rate per mile...

Certifications / Associations