tax

April 1, 2020 | Andrea Sarralde

¿A Quién le llegará Dinero como Parte del Estímulo Económico?

El Senado estadounidense aprobó un paquete de estímulo económico de $2,000 millones de dólares para aliviar parte de la crisis generada por la pandemia COVID-19. Como parte de este paquete de estímulo el gobierno anunció que van a enviar dinero a través de la Oficina de Servicios de Rentas Internas IRS. Dendry Aguilar del Centro […]

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March 10, 2020 | Andrea Sarralde

Epoca de Impuestos: Evite Fraudes y Organice su Contabilidad

Es época de declaración de impuestos y los contribuyentes tienen fechas límites para ponerse al día, ya sea como personas individuales y/o como empresarios. La contadora y experta en finanzas Deicy Rivera propietaria de Global Consulting Services, una empresa establecida en el condado de Montgomery, habla con MyMCmedia sobre lo que debemos tener en cuenta […]

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November 21, 2019 | Juanita Farmer, CPA

Blog: Year-End Tax Planning Strategies for Businesses

A number of end-of-year tax planning strategies are available to business owners that can be used to reduce their tax liability. Here are a few of them: Deferring Income Businesses using the cash method of accounting can defer income into 2020 by delaying end-of-year invoices, so payment is not received until 2020. Businesses using the […]

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October 1, 2019 | Alvin Carlos, CFA, CFP®

Top Three Tax Tips for Small Business Owners

District Capital’s Alvin Carlos shares his top three tax-related tips for small business owners.

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November 8, 2018 | Juanita Farmer, CPA

Year-End Tax Planning for Individuals

Once again, tax planning for the year ahead presents a number of challenges, this year, primarily due to tax laws changes brought about the passage of the Tax Cuts and Jobs Act of 2018. These changes include the nearly doubling of the standard deduction, elimination of personal exemptions, and numerous itemized deductions reduced or eliminated. […]

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January 2, 2018 | Juanita Farmer, CPA

Important Tax Changes for 2018

As the New Year rolls around, it’s always a sure bet that there will be changes to current tax law and 2018 is no different now that many of the tax provisions pursuant to the Tax Cuts and Jobs Act of 2017 (TCJA) are in full effect. From health savings accounts to tax rate schedules […]

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December 11, 2017 | Mitti Hicks

Some Residents Worry About GOP Tax Plan (VIDEO)

In a sit-down meeting with Maryland Senator Ben Cardin (Md-D), Nancy Suniewick of Silver Spring expressed concern over the tax reform bills passed recently by the Senate and the House. Both bills aim to eliminate the state and local tax reduction. According to the Tax Policy Center, state and local income and real estate taxes […]

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June 25, 2017 | Juanita Farmer, CPA

Planning For Retirement: Withdrawals

Are you thinking of retiring soon, or changing jobs? You may face a major financial decision: what to do about the funds in your retirement plan. Note: As you will see, the rules on retirement withdrawals are quite complex. They are offered here only for your general understanding. Please consult a financial advisor before taking […]

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February 28, 2017 | Juanita Farmer, CPA

Five Ways to Improve your Financial Situation

If you are having trouble paying your debts, it is important to take action sooner rather than later. Doing nothing leads to much larger problems in the future, whether it’s a bad credit record or bankruptcy resulting in the loss of assets and even your home. If you’re in financial trouble, then here are some […]

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December 5, 2016 | Juanita Farmer, CPA

2016 Tax Provisions for Individuals: A Review

Many of the tax changes affecting individuals and businesses for 2016 were related to the Protecting Americans from Tax Hikes Act of 2015 (PATH) that modified or made permanent numerous tax breaks (the so-called “tax extenders”). To further complicate matters, some provisions were only extended through 2016 and are set to expire at the end […]

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