Ride share illustration

April 15th, 2021

Insurance in the Age of Rideshare

Every person who drives for a rideshare company needs to make sure they have sufficient coverage to protect themselves and their assets in the event of a collision.  Many rideshare operators mistakenly believe that either…

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Clock with Time To Plan

April 13th, 2021

Succession Planning for Your Business

What is the endgame for your business? Do you want to sell it to a third party or transition it to employees or family members – or something else? Whatever your goal, a successful business…

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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…

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1040 form

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…

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Maryland Flag Digital Tax Rate 6%

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…

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Home sweet home doormat

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…

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PPP Loan Documents

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…

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Mom and Daughter

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…

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collaboration desk

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…

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Restaurant after Covid

January 18th, 2021

Business Meals – Now 100% Deductible

Do you remember when business meals were always fully deductible? You would need to look back in time to 1986. However, with the hope of assisting the struggling restaurant industry, Congress included a provision in…

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