by sreamercpa | Feb 22, 2021 | accounting-tax
Last Monday (02/15/21) Governor Hogan signed THE RELIEF ACT. Here are a few key highlights: 1) Direct payments to Marylanders who filed for the earned income credit in 2019. 2) Payments of $1,000 to individuals with unsettled unemployment claims. 3) Repeal state and...
by sreamercpa | Jan 18, 2021 | accounting-tax, IRS
One consequence of the late passing to the new act is the potential for the delaying of the opening of tax filing season. Normally the IRS begins to accept electronically filed tax returns around January 27. However, with the changes in the new act, it is possible...
by sreamercpa | Jan 11, 2021 | accounting-tax
Earlier today (January 11, 2021) Governor Hogan announced that he will ask the 2021 state legislature to approve a $1 billion tax relief package designed to give direct payments to eligible low- and moderate-income Maryland taxpayers and tax credits to small...
by sreamercpa | Dec 28, 2020 | accounting-tax
Most taxpayers received a Federal “Stimulus Check” or “Economic Impact Payment” from the Federal government for 2020 tax year. We will need to reconcile your payment to determine if you are owed any additional payment when we prepare your 2020 tax returns. In the...
by sreamercpa | Dec 13, 2020 | accounting-tax
How to prepare for the 2021 tax filing season There are things taxpayers can do before the end of the year to help them get ready for the 2021 tax filing season. Below are a few of them. Contact Us Donate to charity There is still time to make a 2020 donation....
by sreamercpa | Dec 1, 2020 | accounting-tax
There are things taxpayers can do before the end of the year to help them get ready for the 2021 tax filing season. Below are a few of them. Donate to charity There is still time to make a 2020 donation. Taxpayers who don’t itemize deductions may take a...
