tax
As the end of the year approaches, many people begin thinking about philanthropy. While planning your charitable giving, be sure to consider the potential impact of the One Big Beautiful…
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By Michael R. Ioffredo, CPA – Tax Manager, and Anh Bui – Tax Senior Section 1202 has long offered a powerful tax break for qualifying startup founders and investors by…
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By Andrew K. Venzke, CPA – Tax Supervisor, and Nick A. Kline – Tax Staff What Is the Senior Deduction? Beginning with the 2025 tax year and continuing through 2028,…
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Now is a good time to review your business’s expenses for deductibility. Accelerating deductible expenses into this year generally will reduce 2025 taxes and might even provide permanent tax savings.…
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Commercial real estate usually must be depreciated over 39 years. But certain real estate improvements — specifically, qualified improvement property (QIP) — are eligible for accelerated depreciation and can even be…
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If you have employees who travel for business, you know how frustrating it can be to manage reimbursements and the accompanying receipts for meals, hotels, and incidentals. To make this…
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Running a successful business requires more than delivering great products or services. Behind the scenes, meticulous recordkeeping plays a crucial role in financial health, compliance and tax savings. Good records…
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The Budget Reconciliation and Financing Act of 2025 was passed on May 20, 2025. The new legislation makes several updates to Maryland tax law. Here is a summary of the…
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The One Big Beautiful Bill Act (OBBBA), which was enacted on July 4, 2025, is filled with favorable tax provisions for businesses. It makes permanent or extends many tax breaks…
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Will you be able to benefit from the One Big Beautiful Bill Act (OBBBA), signed into law earlier this year? The law makes many tax provisions, which were scheduled to…
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