COVID-19 Tax Relief Legislation

Attention Clients: As news changes daily regarding the COVID-19 (Corona) Virus, we are sure all of you have questions regarding tax relief legislation. We are monitoring pending legislation in Congress. The bill that was passed by the House of Representatives last Friday has yet to be approved by the Senate. At this time nothing definitive … Continued →

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Avoiding Fraud and Hackers in 2020: Part II (Small Business)

Our last blog post, Part I in a series on fraud and hackers, introduced the value of stolen personal information and the common ways in which thieves try to gain access to it. Hopefully after reading that post, our readers have a better idea of where fraud happens and how to spot it. Hackers aren’t … Continued →

Avoiding Fraud and Hackers In 2020: Part I

Every tax season, scammers and fraudsters try to gain access to our personal data at a higher rate than other times of the year. Whether through fraudulent emails, fake phone calls, or hacking into computer or connected systems, it seems like there is a never-ending stream of attacks in the news. It’s more important than … Continued →

2020 IRS Audit Red Flags

It’s true that the majority of tax returns will never have to undergo an audit; however, for the unlucky few taxpayers who submit legitimate tax returns and still must endure an audit, even one audit experience is one too many. Here are five types of red flags that are more likely to make the IRS … Continued →

2020 Tax Season Changes for Maryland Residents and Businesses

There were several state tax updates in Maryland in 2019 that are just now starting to really affect Maryland residents and businesses, as the 2020 tax season is beginning. Rates in some areas increased, while some residents will experience tax relief, and a new tax deduction could be a valuable way to save on taxes … Continued →