Maryland Pass Through Entity SALT Workaround

R. Daniel Gartrell, CPA, JD Tax Planning For Businesses, Tax Reform 2 Comments

The Internal Revenue Service released IRS Notice 2020-75 on November 9, 2020, clarifying its position on State and Local Tax (SALT) workaround laws passed by several states. In Notice 2020-75, …

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Time Running Out on Special Charitable Giving Provisions

Byron T. Deese Tax Planning For Businesses, Tax Planning For Individuals Leave a Comment

The holiday season always brings out the charitable inclinations in people, and this year will be no different. We may even see an increase in charitable giving due to provisions …

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Glass Jacobson Hires Glenn Frank as Senior Tax Manager for its Rockville Office

Glass Jacobson Financial Group Glass Jacobson News 1 Comment

Baltimore CPA and wealth management firm, Glass Jacobson Financial Group, has announced the hiring of Glenn Frank as a Senior Tax Manager for the firm’s Rockville office. Glenn, who is …

Can You Deduct Entertainment & Business Meal Expenses? (Updated 2020)

Steven G. Albert, CPA, MST Tax Planning For Businesses, Tax Reform Leave a Comment

(This article has been updated to reflect clarifications in the deductibility of business expenses for employee social gatherings) Wining and dining clients, prospects and business contacts has been, and continues …

Maryland Accesses Rainy Day Fund for $250 Million of New Economic Relief

Maryland Accesses Rainy Day Fund for $250 Million of New Economic Relief

Hugh Vivian Business Management, Coronavirus Leave a Comment

The state of Maryland is dipping into its Rainy Day Fund to add $250 million to the state’s emergency economic relief efforts for small businesses. The additional relief adds to …