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December 28, 2021 | IRS Reminds Taxpayers of 2020 Social Security Tax Obligation
The IRS reminded employers and self-employed taxpayers that chose to defer paying part of their 2020 Social Security tax obligation that...


December 21, 2021 | Required Minimum Distributions for 2021
What is new for Required Minimum Distributions (RMDs) in 2021? I am glad you asked. However, before we get to that, there might be a...


December 20, 2021 | IRS Releases 2022 Mileage Rates
Beginning January 1, 2022, the standard mileage rates for use of car, van, pickups or panel trucks are as follows: 58.5 cents per mile...


November 5, 2021 | IRS Announces 401(k) Limit Increases to $20,500
The IRS has recently announced that the amount individuals can contribute to their 401(k) plans in 2022 has increased to $20,500, up from...


October 25, 2021 | Good News for Crypto – Gas Fees Have Tax Benefits
If you’re anything like me, you’re feeling the FOMO (fear of missing out) when you hear that someone just turned $40 into $20,000...


July 16, 2021 | Monthly Child Tax Credit Payments
The first batch of advance monthly payments were issued by the IRS on July 15, 2021. Under the American Rescue Plan, each payment is up...


June 24, 2021 | We Are Growing
We are growing and currently hiring in our Tax, Audit, Small Business Services and Administrative Departments! To view the full job...


June 2, 2021 | IRS Cracks Down On Unreported Virtual Currency Income
As the use of Virtual Currency increases, the IRS has signaled that they are beginning to step up their enforcement of tax on these...


April 23, 2021 | Restaurant Revitalization Fund
As part of the American Rescue Plan Act that became law in March 2021, the Small Business Administration (SBA) has set up a $28.6 billion...


March 2, 2021 | MD Unemployment Tax Rates Have Increased For 2021
Due to the COVID-19 pandemic, the Division of Unemployment Insurance has increased the range of unemployment tax rates for contributory...
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