On Tuesday, the Montgomery County Council unanimously approved a bill that expands eligibility for the county’s local income tax credit: the Working Families Income Supplement (WFIS). The amendment allows residents… Read More
The Treasury Department and Internal Revenue Service (IRS) are extending the deadline to file 2020 federal income taxes from April 15 to May 17. The IRS said in a statement that… Read More
El gobernador Larry Hogan presentó el lunes un paquete de estímulo de mil millones de dólares que incluye pagos directos a los residentes de Maryland que califiquen. La Ley de… Read More
Gov. Larry Hogan introduced a $1 billion stimulus and tax relief package Monday that includes direct stimulus payments to qualifying Marylanders. The Recovery for the Economy, Livelihoods, Industries, Entrepreneurs and… Read More
Several end-of-year tax planning strategies are available to business owners that can be used to reduce their tax liability. Let’s take a look: Deferring Income Businesses using the cash method… Read More
General tax planning strategies for individuals include accelerating or deferring income and deductions, as well as careful consideration of timing-related tax planning strategies concerning investments, charitable gifts, and retirement planning.… Read More
Starting your own business can be an exciting prospect, but there is more to it than simply writing a business plan. Also, if you expect to have employees, there are… Read More
Montgomery County Councilmembers want high-rise housing at Metro stations. Councilmember Hans Riemer held a press conference at the Forest Glen Metro Station Monday to discuss Bill 29-20, which would offer… Read More
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… Read More
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… Read More
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… Read More
District Capital’s Alvin Carlos shares his top three tax-related tips for small business owners. https://www.youtube.com/watch?v=eUxsGpfugxo&t=70s