April 29

How the Pre-Award Survey Can Help a Government Contracting Business Rebound from the Disruption of COVID-19

Reading Time: 8 minutes   Although 2020 has become a popular punchline, it was filled with tragedy and stress for many business owners. As we begin to approach normalcy, many businesses remain focused on post year-end guidance detailing how to account for the consequences of the pandemic and subsequent fiscal response from the federal and state governments, which will.

March 30

Individual Tax Provisions of ARPA (The American Rescue Plan Act of 2021)

Reading Time: 3 minutes   The American Rescue Plan Act of 2021 (ARPA), signed by President Biden on March 11, 2021, is the latest major legislation that provides economic relief and stimulus, both tax and non-tax, during the Covid-19 pandemic. Below are brief summaries of the key aspects of the individual tax provisions in ARPA. Recovery rebate credits (stimulus.

March 30

Employee Retention Credit Availability Extended by ARPA

Reading Time: 2 minutes   With the first quarter of 2020 coming to a close, businesses should consider the Employee Retention Credit (ERC) as they begin to prepare their quarterly payroll tax filing (Form 941). As a reminder, the ERC is a refundable payroll tax credit and is now available even if the business took a Paycheck Protection Program.

March 30

Business Tax Provisions of ARPA (The American Rescue Plan Act of 2021)

Reading Time: 5 minutes   The American Rescue Plan Act of 2021 (ARPA), signed by President Biden on March 11, 2021, is the latest major legislation that provides economic relief and stimulus, both tax and non-tax, during the Covid-19 pandemic. Below are brief summaries of the key aspects of the business tax provisions in ARPA. Payroll tax credits The.

March 25

How to Foster Company Culture in “the New Normal” We Live in Now

Reading Time: 3 minutes   Over the past year, the COVID-19 pandemic has redefined “normal” in almost every aspect of our lives, including our work lives.   Many employees have been forced out of the traditional office environment they’ve worked in their entire lives and had to adapt to a new work-from-home model. This brings new challenges in terms.

February 18

Maryland RELIEF Act Creates Changes for Tax Filers

Reading Time: 2 minutes   The Maryland RELIEF Act was signed on Tuesday, February 16th, creating new individual and business tax changes. Among those listed in the MD Comptroller’s Tax Alert, were some relevant provisions for our clients: MD Subtractions for 2020 and 2021 • Coronavirus Relief Payments: To the extent included in federal taxable income, taxpayers (businesses and.

January 11

New and Updated PPP Loan Applications

Reading Time: 3 minutes   The Department of Treasury and the Small Business Administration have released new updated applications for the Paycheck Protection Program (“First Draw”) loan as well as for the new (“Second Draw”) loan. The new applications reflect the changes from the recently enacted Consolidated Appropriations Act, 2021. The SBA has announced that they will begin accepting.