Jul 8, 2025 | Business Planning, Closely Held Business, Tax News
As reported by The Journal of Accountancy, The One Big Beautiful Bill Act, was signed into law on Friday, July 4 by President Donald Trump. The bill extends many of the expiring provisions from the Tax Cuts and Jobs Act (TCJA). It also addresses other tax priorities... 
Jul 1, 2025 | Business Planning, Tax News
Reposted from the Baltimore Sun government technology, June 27,2025 news article. (TNS) — A new sales tax on technology services that aims to raise nearly $500 million in its first year is at the center of a slew of Maryland tax changes set to go into effect on... 
Jun 17, 2025 | Business Planning
According to StoneBridge Business Partners in Rochester, New York, business owners often pass their businesses on to their adult children, using an estate-planning option or gifting program. Other owners believe that the sale of their business represents a prudent way... 
May 29, 2025 | Business Planning, Personal Financial Planning, Tax News
In Rev. Proc. 2025-19, released in May 2025, the IRS announced the following changes to Health Savings Accounts (HSA). HSA Inflation Adjusted Items. For calendar year 2026, the annual limitation on deductions for an individual with self-only coverage under a high... 
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... 