Maryland Governor Hogan Announces Distribution of Additional $180 Million in Relief Funding for Families & Small Businesses
In a COVID-19 update press conference on Thursday, December 17, Maryland Governor Hogan announced the distribution of an additional $180 million in relief funding for families and small businesses, including:
When planning your estate, it’s critical to balance estate tax planning and income tax planning.
You may be able to deduct some of your medical expenses, including prescription drugs, on your federal tax return. However, the rules make it hard for many people to qualify. But with proper planning, you may be able to time discretionary medical expenses to your advantage for tax purposes.
With a difficult year almost over, and another one on the horizon, now may be a good time to assess the size of your sales force. Maybe the economic changes triggered by the COVID-19 pandemic led you to downsize earlier in the year.
If the events of 2020 have taught not-for-profits anything, it’s that financial reserves are essential to long-term survival. An endowment is different from operating reserves and generally is designed to provide steady income to a nonprofit while its core investments grow untouched.
Are you considering replacing a car that you’re using in your business? There are several tax implications to keep in mind. A cap on deductions
FOR IMMEDIATE RELEASEDecember 11, 2020
The COVID-19 pandemic and resulting economic impact have hurt many companies, especially small businesses. However, for others, the jarring challenges this year have created opportunities and accelerated changes that were probably going to occur all along.
Holiday-inspired generosity and the desire to reduce tax liability makes the end of the year a busy time for charitable giving. According to Network for Good and other sources, approximately 30% of charitable gifts are made in December alone.
Contributing to a tax-advantaged retirement plan can help you reduce taxes and save for retirement. If your employer offers a 401(k) or Roth 401(k) plan, contributing to it is a smart way to build a substantial sum of money.