by PSACPA | Jul 28, 2025 |
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...
by PSACPA | Jul 16, 2025 |
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...
by PSACPA | Jul 1, 2025 |
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...
by PSA CPA | Jun 3, 2025 |
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...
by PSA CPA | Mar 1, 2025 |
Social Security benefits play a vital role in retirement planning for many Americans, providing financial stability during their later years. However, a common question arises: Are Social Security benefits taxable? The answer depends on several factors, including...
by PSA CPA | Mar 1, 2025 |
When Should You Expect Your W-2? By law, employers must send out IRS Form W-2, Wage and Tax Statement, by January 31. If you had multiple employers during the tax year, you should receive a separate W-2 from each one. This essential tax document reports your total...
It’s interesting to see how Social Security benefits are taxed differently depending on income and location. I didn’t realize only…