May 15, 2025 | Business Planning, Closely Held Business, Tax News
The MarylandSaves program has posted the following notice on its website, at MarylandSaves.com. Businesses in Maryland are required to file their Annual Reports to the Maryland Department of Assessment and Taxation (SDAT) as part of their annual business tax filings....
May 8, 2025 | Business Planning, Featured News and Events, Tax News
Deciding to open a new business comes with a set of responsibilities. Obviously, providing a good service to your clients and building up a customer base are important. But so is understanding the financial concepts you need to know and measure to be sure your...
May 6, 2025 | Business Planning
How to structure your business is one of the first, and most important, considerations a business must make. Following are details about four corporate structures available to businesses. C Corporations C corporations are considered to be the business structure of...
Apr 21, 2025 | Business Planning, Closely Held Business, Featured News and Events
The Financial Crimes Enforcement Network (FinCEN) published an interim final rule (“Rule”) in the Federal Register on March 26, 2025 (Federal Register :: Beneficial Ownership Information Reporting Requirement Revision and Deadline Extension), that removes the...
Apr 10, 2025 | Business Planning, Closely Held Business, Tax News
Business meals: yes or no on deductions? In brief, you cannot take a deduction for any expense related to activities generally considered entertainment, amusement or recreation. However, you can deduct 50% of the cost of business meals if you (or your employee) are...
Apr 1, 2025 | Business Planning, Closely Held Business, Tax News
Section 179 of the U.S. tax code offers a tax incentive to small and medium-sized businesses by allowing them to take a full deduction on tangible assets in the year items were purchased and put into service. The cost of such major purchases would generally have to be...
