Archive for the ‘Uncategorized’ Category
Maryland Business Taxpayer Alert!
Friday, March 5, 2021 – Remember when we shared with you the good news regarding the Maryland 523 tax payments? Well, the chickens are coming home to roost now. Last… [more]
Inside LSWG – February 2021
Thursday, February 18, 2021 – We are pleased to announce two new staff members have joined the LSWG team. Join us in welcoming… We’re pleased to announce the return of… [more]
Maryland’s Small Businesses Receive Additional Aid in the RELIEF Act of 2021
By David A. Wolford, CPA, LSWG Supervisor Tuesday, February 16, 2021 – On Monday, February 15, 2021, Maryland signed into law the RELIEF Act of 2021. Included in the law… [more]
Employers: Watch Out for Fraudulent Unemployment Claims
Friday, February 12, 2021 – In July of 2020, Maryland uncovered 47,500 fraudulent unemployment claims ($501 million in benefits), part of a nationwide scam. While Maryland Governor Larry Hogan reported… [more]
Net Operating Loss Carrybacks Are a Welcome Return for Taxpayers
By Dwight Baumgardner, CPA, LSWG Manager Included in the CARES Act signed into law last March, were changes to the tax treatment of business net operating losses (NOLs) for corporations… [more]
Jamie Iseminger, CPA, Joins LSWG
Wednesday, February 3, 2021 – LSWG is pleased to announce the addition of Jamie Iseminger, CPA, to LSWG’s principal group. An accomplished CPA with over 20 years of public accounting… [more]
IRS Updates Mileage Rates for 2021
Thursday, January 28, 2021 – Beginning on January 1, 2021, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) are: 56 cents per mile… [more]
Maryland Provides Tax Filing and Payment Relief
Tuesday, January 12, 2021 – The Maryland Comptroller’s Office has provided COVID relief for businesses filing tax returns and making tax payments coming due in January, February, March, and April… [more]
Paycheck Protection Program (PPP) Round 2
Tuesday, January 12, 2021 – Included among the $900 billion COVID relief within the Consolidated Appropriations Act signed into law on December 27, 2020, was reauthorization and modification of the… [more]
Employee Retention Credit – Expanded Opportunities for Businesses
This article (originally published January 12, 2021) was updated and re-posted on March 9, 2021, to include additional clarification provided in IRS Notice 2021-20 (released on March 1, 2021). On… [more]