Business and Tax News
What Is A CPA And Why Your Business Needs One
When most business owners think of a CPA (Certified Public Accountant), they immediately picture someone buried in tax returns each April. While tax...
Mid-Year Tax Planning Strategies: How to Set Your Business Up for Year-End Success
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....
Estate Tax Planning 101: How to Protect Your Wealth and Secure Your Family’s Future
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...
Understanding DAO Taxes: What Maryland Investors Need to Know
The crypto world is constantly evolving, bringing new structures like Decentralized Autonomous Organizations (DAOs). If you're a Maryland investor...
Your Maryland 529 Plan: A Smart Tool for Your Education & Debt
Education is a valuable investment, and for Marylanders, managing its costs efficiently is key. While often associated with saving for a child's...
Tax Implications of Gambling
Whether you're hitting the slots in Vegas, buying scratch-offs at the gas station, or playing online poker from your couch, there's one thing all...
Understanding the Taxation of Social Security Benefits
Social Security benefits play a vital role in retirement planning for many Americans, providing financial stability during their later years....
What to Do If You Haven’t Received Your W-2 Form
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...
Understanding the Tax Implications of Unemployment Benefits
Unemployment benefits can serve as a financial lifeline for those facing unexpected job loss. If you received unemployment compensation for the...
Understanding Business Tax Write-Offs and How They Work
Every business must file taxes, but knowing how to leverage business tax write-offs can significantly reduce your tax liability. Business tax...
Residency and Tax Benefits for Military Spouses: Understanding Your Rights
Relocating frequently is a reality for military families, bringing with it many logistical and legal challenges. Fortunately, two key laws—the...
A Comprehensive Guide to Investment Taxes: What You Need to Know
Investing is a great way to grow wealth, but it also comes with tax implications that every investor should understand. Whether you invest in...
Tax Refunds in 2025 Are About One-Third Lower Than Last Year—Here’s Why
As tax season unfolds, early data from the IRS indicates that Americans are receiving significantly smaller tax refunds compared to last year....
Commercial Clean Vehicle Tax Credit: What Businesses Need to Know
Businesses and tax-exempt organizations purchasing qualified commercial clean vehicles may be eligible for a Clean Vehicle Tax Credit of up to...
Maximizing Tax Savings: A Guide to Itemized Deductions
Itemized deductions can significantly reduce your taxable income, potentially lowering the amount of tax you owe. However, claiming these deductions...
IRA Contributions, Distributions, and Investment Rules: A Comprehensive Guide
IRA Contribution Limits How Much Can You Contribute to an IRA? For 2023, the maximum contribution to an IRA is $6,500, or $7,500 if you're age 50 or...
Tax Aspects of Home Ownership: Selling a Home
Do you owe taxes when selling your home? Learn how to determine your taxable gain by adjusting your home's cost basis, factoring in home...
Coping with the Cost of Care: Overlooked Tax Deductions and Tips for Seniors and Their Families
The rising cost of senior care can create financial challenges for families. However, the tax code provides certain deductions and benefits that can...