small business

February 12, 2019 | Juanita Farmer, CPA

Seven Common Small Business Tax Myths

The complexity of the tax code generates a lot of folklore and misinformation that could lead to costly mistakes such as penalties for failing to file on time or, on the flip side, not taking advantage of deductions you are legally entitled to take and giving the IRS more money than you need to. With […]

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January 29, 2019 | Deirdre Byrne

Breadsmith of Potomac Offers Discounts to Those Hurt By Shutdown

Breadsmith of Potomac is offering a 20 percent discount to government workers who were hurt by the monthlong government shutdown. The discount started before the government re-opened on Friday, but Brenda Tamir, the owner of Breadsmith of Potomac said in a message to MCM that they will continue to offer the discount through Feb. 8. […]

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January 24, 2019 | Deirdre Byrne

Dawson’s Market Offers Help to Furloughed Federal Workers

Bart Yablonsky, the owner of Dawson’s Market, announced two ways the grocery store will help furloughed workers. Through Monday, Dawson’s is offering a 10 percent discount on groceries to furloughed workers who show their government ID at checkout. Also, Monday night from 6 to 8 p.m., Dawson’s will host a chili dinner for furloughed workers […]

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January 24, 2019 | Deirdre Byrne

Local Business Leaders Discuss Shutdown with Cardin and Van Hollen in Rockville

Right before a meeting with Sen. Minority Leader Chuck Schumer about legislation to help re-open the government, Sens. Ben Cardin (D-Md.) and Chris Van Hollen (D-Md.) made a stop in Montgomery County. On Thursday morning they met with Montgomery County small business leaders at Dawson’s Market. Here’s the full roundtable discussion the senators had in […]

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January 23, 2019 | Deirdre Byrne

Gaithersburg Dog Groomer Helps Furloughed Pet Parents

As we enter the fourth week of the federal government shutdown, more organizations and small businesses in Montgomery County are lending a hand to furloughed workers. We’ve seen pet stores distribute dog food, restaurants offer free lunches, MCPS host a job fair — now one small business is helping furloughed “pet parents” who have dogs that need […]

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January 17, 2019 | Douglas Tallman

Elrich Says He Wants to Help Big Business and Small Business

County Executive Marc Elrich talked about how he hopes to help businesses — large and small — at the Small Business Network held Thursday at the Montgomery Community Media studios. Here’s our story: And you can see the full discussion here: Elrich and Navarro Talk Business at MCM’s January Small Business Network Session

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January 11, 2019 | Deirdre Byrne

Comptroller Franchot Honors Two Montgomery County Businesses

Maryland Comptroller Peter Franchot honored two Montgomery County businesses on Thursday with certificates of recognition: Bethesda Bagels and Shapiro and Duncans. Thank you @MDComptroller for honoring us this morning! It is always great to be recognized! #stillhandmade #eatmorebagels #shoplocal pic.twitter.com/Lh1uqg9jWK — Bethesda Bagels (@bethesdabagels) January 10, 2019 Franchot recognized Bethesda Bagels for “providing fresh-baked bagels […]

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December 16, 2018 | Laura Rowles

Auxilium Technology Named the Gaithersburg-Germantown Chamber’s Small Business of the Year

The Gaithersburg-Germantown Chamber (GGCC) awarded Auxilium Technology as the recipient of the 12th Annual Small Business of the Year Award (SBY) on December 6; as part of their Annual Celebration Dinner & Awards Ceremony. The award was presented by Aj Nwoga with M&T Bank. “Auxilium Technology is the great small business that exudes passion & […]

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December 7, 2018 | Deirdre Byrne

Senator Cardin on Immigration Reform, Hate Speech, & Small Business Support

U.S. Senator Ben Cardin spoke about immigration reform and his support for small businesses at the 18th Annual Minority Legislative Breakfast. The breakfast united Maryland’s politicians and Montgomery County’s minority business leaders. Further, it provided a space to discuss legislative priorities. During his speech, Cardin shared his “priorities for the next congress.” In doing so, […]

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May 9, 2018 | Juanita Farmer, CPA

Selling your Small Business

Selling a small to medium-sized business is a complex venture, and many business owners are not aware of the tax consequences. If you’re thinking about selling your business the first step is to consult a competent tax professional. You will need to make sure your financials in order, obtain an accurate business valuation to determine […]

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