by PSA CPA | Jan 1, 2025 |
The State of Maryland offers the Homeowners’ Property Tax Credit Program, designed to provide relief to homeowners whose property taxes exceed a fixed percentage of their gross income. This program ensures that property taxes remain manageable for Maryland...
by PSA CPA | Jan 1, 2025 |
As 2025 approaches, it’s time to mark your calendar with critical tax deadlines. Whether you’re filing your federal income taxes or making quarterly estimated payments, staying informed is essential to avoid penalties and ensure smooth financial planning. Remember,...
by PSA CPA | Jan 1, 2025 |
As of January 1, 2025, nine U.S. states are reducing individual income tax rates, bringing potential financial relief to millions of residents. According to the Tax Foundation, this wave of tax cuts reflects a nationwide push to lower taxes, a trend that began during...
by PSA CPA | Dec 1, 2024 |
Imagine you’re a business owner looking to purchase a dependable, heavy-duty vehicle for your company—perhaps a large truck or SUV. At the same time, you’re concerned about managing your business taxes effectively. Here’s the good news: the IRS Section 179 deduction...
by PSA CPA | Dec 1, 2024 |
Filing taxes is a fundamental responsibility for small business owners, one that demands thoughtful preparation to minimize liabilities and stay compliant. While owners focus on optimizing their tax savings through deductions, credits, and strategic financial...
by PSA CPA | Dec 1, 2024 |
On December 3, 2024, a federal court in Texas issued a nationwide injunction blocking the enforcement of the Corporate Transparency Act (CTA). The ruling came from the Eastern District of Texas in the case Texas Top Cop Shop, Inc., et al. v. Garland, et al. (Case No....
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