The TG Blog

Resources and articles to empower you and keep you up to date.

Thompson Greenspon Named Top Workplace by Washington Post

June 22, 2015

Thompson Greenspon is pleased to announce that it has been selected as one of The Washington Post’s Top Workplaces for 2015. The firm was ranked #26 out of 75 in the Small Employers category. 150 organizations were selected in total. The Top Workplaces are determined based solely on employee feedback. The employee survey is conducted…

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Bid Protesting in 3 Forums: Take Consecutive Bites of the Apple

June 19, 2015

Most federal government contractor don’t realize it, but the bid protest system is set up to permit consecutively protesting the same procurement in three separate forums

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Track Travel Costs Closely: Tips to Avoiding Penalties

June 19, 2015

Travel costs are frequently a target of incurred cost audits. Auditors often report finding lodging costs that exceed federal per diem rates. To avoid that, your company should establish internal guidelines to ensure it can support estimated employee lodging costs, maximize cost recovery and avoid penalties for submitting expenses that are not allowed.

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Supreme Court Removes Double Tax for Maryland Residents

June 19, 2015

In a highly anticipated decision, the U.S. Supreme Court has ruled that certain residents of Maryland are double-taxed on income earned in other states because the state doesn’t provide a full credit for the taxes paid on that income.

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Married with a Large Estate? Why You Still Need a Credit Shelter Trust

June 18, 2015

Even though portability now allows married couples to use up both spouses’ estate tax exemptions without having to make lifetime asset transfers or set up trusts, this “easier” path isn’t necessarily the better path. For couples with large estates, making lifetime asset transfers and setting up trusts can provide benefits that exemption portability doesn’t offer.

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Manager, Lindsay Andrews, Wins SmartCEO's CPA Rising Star Award

June 16, 2015

Thompson Greenspon is pleased to announce that Manager, Lindsay Andrews, CPA, was the Rising Star winner of the 2015 SmartCEO CPA & ESQ Awards.

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Thompson Greenspon Donates to CCF

June 4, 2015

The office of Thompson Greenspon is proud to have donated to The Children’s Cardiomyopathy Foundation, Inc through its “Blues Jeans for a Cause” program.  

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Watch out for Tax Consequences When Hiring Telecommuters outside Your State

June 3, 2015

If you allow employees to telecommute, be sure to consider the potential tax implications. Hiring someone in another state, for example, might create sufficient nexus to expose your company to that state’s income, sales and use, franchise, withholding, and/or unemployment taxes.

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Tax Tips: Investors: Have Your Cake and Eat It Too

May 29, 2015

A good tax-planning technique is to sell a poor-performing security to “harvest” the loss and offset it against your capital gains. But what if you have high hopes for the security and would like to keep it in your portfolio? One strategy is to sell it at a loss and then buy it back at…

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The IRS is Watching … Understanding the Difference between an Employee and an Independent Contractor

May 29, 2015

It’s an age-old conundrum: determining whether a worker is an employee or an independent contractor. While it might seem like a simple question, it’s not. And the IRS is hot on the heels of any contractor who doesn’t understand the difference.

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