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Tax Season Scams to Watch Out For in 2025 Every year, as tax season approaches, scammers ramp up their efforts to take advantage of busy taxpayers. In fact, the IRS warns that tax-related scams tend to spike between January and April, when individuals and businesses...
Understanding the Premium Tax Credit (PTC) and How It’s Changing After 2025 The Premium Tax Credit (PTC) is a refundable credit designed to make health insurance more affordable for individuals and families. It works by limiting the percentage of your household income...
Running a business means wearing a lot of hats—but trying to wear all of them can quickly lead to burnout. One of the first responsibilities many business owners consider outsourcing is accounting. Outsourced accounting simply means hiring an external professional or...
Top 7 Mistakes Startups Make with Their Finances (and How to Avoid Them) Launching a startup is exciting—but for many entrepreneurs, managing the financial side of the business can quickly become overwhelming. Without a solid financial foundation, even the most...
As a business owner, staying compliant with ever-evolving tax regulations is critical—not only for avoiding penalties but also for optimizing your financial health. The IRS has introduced several new tax regulations this year, and understanding how they impact your...
Benefit LLCs: A Smart Choice for Socially Driven Business Owners By PSA CPA Accounting Firm For today’s entrepreneurs, success means more than just profits. Many business owners are looking for ways to make a positive social or environmental impact while still running...
Bookkeeping vs. Accounting: What’s the Difference—and Which Do You Need? When you're running a business, keeping your finances in order isn’t just good practice—it’s essential for survival. But many business owners still ask: what’s the difference between bookkeeping...
When most business owners think of a CPA (Certified Public Accountant), they immediately picture someone buried in tax returns each April. While tax preparation is certainly one of the core services a CPA provides, the reality is that a skilled CPA can bring much more...
Mid-Year Tax Planning Strategies: How to Set Your Business Up for Year-End Success Effective tax planning shouldn’t wait until the end of the year. By taking a strategic approach at mid-year, small business owners can significantly reduce tax liabilities, improve cash...
Understanding Estate Tax Planning: Why It Matters More Than You Think When it comes to planning for the future, most people focus on retirement or investments. But what happens to your wealth after you’re gone? If you're a Maryland resident—or own assets in the...
The crypto world is constantly evolving, bringing new structures like Decentralized Autonomous Organizations (DAOs). If you're a Maryland investor involved with DAOs, you might be curious about how these decentralized entities factor into your tax responsibilities....
Education is a valuable investment, and for Marylanders, managing its costs efficiently is key. While often associated with saving for a child's future college, the Maryland College Investment Plan (MCIP) offers powerful, flexible strategies for adults looking to fund...
It’s interesting to see how Social Security benefits are taxed differently depending on income and location. I didn’t realize only…