Articles of Information

Staff Discuss “The Naden/Lean Difference”

This tax season, several staff members provided insight into what makes Naden/Lean a great workplace and how the firm provides exceptional value to clients. Read on for their perspectives on “the Naden/Lean Difference.”  […]

Tax Updates: Notice 2015-82

Increase in De Minimis Safe Harbor Limit for Taxpayers Without an Applicable Financial Statement Notice 2015-82 increases the de minimis safe harbor limit provided in § 1.263(a)-1(f)(1)(ii)(D) of the Income Tax Regulations for a taxpayer without an applicable financial statement (“AFS”) from $500 to $2,500. Notice 2015-82 will be published in Internal Revenue Bulletin 2015-50 […]

Six Tips for an Efficient Plan Audit

Have appropriate people available (e.g., trustee, representative with power of attorney, record keeper, actuary, employer personnel) Plan documents, including amendments, summary plan description, etc. (include all prior versions requested) Opinion letters/determination letters Requested records efficiently organized Agreements with service providers Be prepared to explain terms of the plan Be prepared to explain operation of the […]

Maryland Sales Tax on Creative Design and Services

Historically, the ultimate factor in determining if sales tax was to be charged was whether the product being sold or the work completed was tangible. Tangible items in this case might include brochures, posters, flyers, mail pieces, reports, etc. With the increasing development of the Internet and new forms of creative services, sales tax within the graphic design industry […]