May 12th, 2021
Top 5 Tips for Getting Back to Business in a Vaccinated World
Navigating the COVID aftermath is the next big hurdle businesses must face. As owners, management teams and HR departments work through the return of employees to an in-person work environment and restrictions begin to be…
March 31st, 2021
American Rescue Plan Act of 2021 Enacted
On March 11, 2021 President Biden signed into law a new COVID relief package which included a number of tax provisions: A $1,400 credit for individual taxpayers with an additional $1,400 for each dependent with…
March 26th, 2021
Tax Deadlines Extended for 2020 Tax Year
The Internal Revenue Service has extended the April 15, 2021 deadline for filing 2020 individual tax returns in light of continuing COVID-19 issues and the late start for processing returns. Individual 1040s will now be…
March 15th, 2021
Tax Alert: “Digital Products” Now Taxable in Maryland
As of March 14, 2021, Maryland undertakes the greatest expansion of its 6% Sales and Use Tax since its enactment by extending the tax to the sale of all “digital products.” Hoping to shore up…
March 9th, 2021
Tips for Co-ownership of a House Prior to Marriage
Buying a home is one of the biggest financial decisions you will ever make. Buying a home with your significant other prior to marriage adds additional challenges and can be risky. It is important to…
February 18th, 2021
How do PPP funds affect the sale of your business?
If you are a business owner, received Paycheck Protection Program (“PPP”) funds under the CARES Act and are now considering selling your business, there are certain key considerations you must be aware of prior to…
January 29th, 2021
Recent Maryland Child Support Changes
In addition to the many changes and challenges parents faced last year having to navigate parenting in a Covid world, 2020 also held significant changes in Maryland’s child support laws. Child support is the right…
January 19th, 2021
District of Columbia Passes New Law Banning Non-Competes
On January 11, 2021, Mayor Muriel Bowser signed into law District of Columbia’s new Ban on Non-Competes Agreement Amendment Act of 2020 (the Act). The Act is not yet effective and will become effective after…
January 6th, 2021
Tax Provisions of the Emergency Coronavirus Relief Legislation
As part of the Consolidated Appropriations Act 2021, the lengthiest legislation in U.S. history at more than 5500 pages, Congress enacted further tax relief to those adversely affected by the coronavirus but including additional provisions.…
Date of Event: Tuesday, January 19, 2021
The Tax and PPP Provisions of the Emergency Coronavirus Relief Legislation
Besides overriding the IRS and permitting the deduction of wages and other expenses paid with forgiven PPP loans, the long-anticipated Emergency Coronavirus Relief Legislation contains numerous other tax provisions such as a second recovery rebate…
