Archive for the ‘Uncategorized’ Category
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]
Additional 2020 Economic Impact Payments
Wednesday, December 30, 2020 – You’ve probably heard that the IRS will be making millions of ”economic impact payments” (also called ”recovery rebates”) in the near future to help people… [more]
Wishing You Happy Holidays and a Season Filled with Peace and Joy
From our family to yours… Please enjoy this holiday season. Wednesday, December 23, 2020 – LSWG will be closed Thursday and Friday, December 24 and 25, and again on Friday,… [more]
IT Controls in a Remote-Working World
By Eva Webb, CPA, LSWG Principal Monday, December 21, 2020 – As information technology systems continue to evolve and change, it is critical that we understand the importance of the… [more]
Let’s Get Ready to CRUMBLE!
Thursday, December 17, 2020 – When LSWG throws down a cookie-baking challenge to staff–and then sweetens it with a $50 Downtown Frederick gift card first prize–our resident bakers can’t wait… [more]