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]
Reporting Revenue and Expenses for Your Special Event
By Cindy McGiffin, CPA, LSWG Audit Supervisor, and Billy Harper, LSWG Staff Accountant II Tuesday, January 12, 2021 – A special event is a function or event which aims to… [more]
Allocating Functional Expenses for Your Nonprofit
By Julissa Canas, LSWG Staff Accountant Thursday, January 7, 2021 – Are you properly allocating your nonprofit’s functional expenses? Before FASB’s Accounting Standards Update 2016-14*, voluntary health and welfare organizations were the… [more]
Keep More Money in Your 401(k) and Reduce Taxes!
Guest contributor, Doug O’Rear (OnTrack 401(k), shares this tip for saving more for retirement. Tuesday, January 5, 2021 – Most business owners and executives do not take advantage of this… [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]
Aid Package Signed Into Law
Wednesday, December 30, 2020 – After significant delay and controversy, President Donald Trump signed into law the $900 billion COVID-19 relief bill Sunday night, December 27, 2020. The bill was… [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]