by PSA CPA | Feb 18, 2026 |
Nonprofit Financial Readiness: Practical Steps to Stay Compliant For many nonprofit owners, financial compliance can feel overwhelming. In reality, readiness is not about scrambling at year-end. It is about maintaining strong financial systems throughout the year....
by PSA CPA | Feb 12, 2026 |
Federal tax law continues to evolve, and the One Big Beautiful Bill Act (OBBBA) represents one of the most comprehensive updates since the Tax Cuts and Jobs Act of 2017. For individuals and business owners working with a Maryland CPA or seeking Maryland tax planning,...
by PSA CPA | Jan 23, 2026 |
As late January 2026 brings a significant blizzard to the forecast, the accounting industry finds itself at a unique seasonal intersection. In the professional world, the “cold front” isn’t just meteorological; it marks the official intensification...
by PSA CPA | Jan 8, 2026 |
Maryland’s PTE tax rules change in 2026. The “Resident Fix” allows significantly more federal tax savings for resident owners—but only if structured correctly. What Changed Starting January 1, 2026, Maryland PTEs can pay entity-level tax on all income allocated to...
by PSA CPA | Oct 15, 2025 |
Step 1. Get Organized & Review Your Records The best defense against a stressful tax season is a strong offense. Use this post-tax lull to establish a better system for your financial records. Organize and Store Your Tax Documents: Don’t just stuff this...
by PSA CPA | Oct 9, 2025 |
1. Mixing Business and Personal FinancesThis is perhaps the most fundamental and frequent error for sole proprietors and small businesses. Using your personal bank account for business expenses or vice-versa creates a MESSY financial picture that’s nearly...
It’s interesting to see how Social Security benefits are taxed differently depending on income and location. I didn’t realize only…