The TG Blog

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

June 30th Deadline for BE-10, Benchmark Survey of US Direct Investment Abroad

June 25, 2015

Due to a recent law change, the BE-10 is a mandatory survey by the US Department of Commerce – Bureau of Economic Analysis (BEA) for any U.S. Reporter (individual, company, trust, estate, or non-profit) that has a 10% or greater, direct or indirect, ownership or control of the voting stock of a foreign entity at…

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Opening the “Back Door” to a Roth IRA

June 23, 2015

A potential downside of tax-deferred saving through a traditional retirement plan is that you’ll have to pay taxes when you make withdrawals at retirement. Roth plans, on the other hand, allow tax-free distributions; the tradeoff is that contributions to these plans don’t reduce your current-year taxable income.

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Information Released on 2015 Maryland Tax Amnesty Program

June 22, 2015

The Maryland Comptroller has issued information on the 2015 Tax Amnesty Program enacted during the 2015 legislative session.

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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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