Business and Tax News
When Should You Outsource Your Accounting (and How PSA CPA Can Help)
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...
Top 7 Mistakes Startups Make with Their Finances (and How to Avoid Them)
Top 7 Mistakes Startups Make with Their Finances (and How to Avoid Them) Launching a startup is exciting—but for many entrepreneurs, managing the...
Understanding the New IRS Regulations: What They Mean for Your Business
As a business owner, staying compliant with ever-evolving tax regulations is critical—not only for avoiding penalties but also for optimizing your...
Benefit LLCs: A Smart Choice for Socially Driven Business Owners
Benefit LLCs: A Smart Choice for Socially Driven Business Owners By PSA CPA Accounting Firm For today’s entrepreneurs, success means more than just...
Bookkeeping vs. Accounting: What’s the Difference—and Which Do You Need?
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...
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....