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All About Manufacturing & Distribution (5)

Your Business May Need to Comply With New Corporate Transparency Act

In February 2025, the deadline to file Business Ownership Information (BOI) was extended. Read more here. There’s a new law that should be on the radar screen of most small- and medium-sized business owners. The Corporate Transparency Act (CTA),...
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Tax Credits for New Electric Vehicles Purchased In 2023

If you’re one of the half million Americans who purchased an electric vehicle so far in 2023, you might be eligible for a tax credit.
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Maryland Manufacturers Can Apply for Grants Up to $500,000

Eligible Maryland manufacturing businesses can receive up to $500,000 in state funding as part of the Maryland Manufacturing 4.0 Grant Program. The program supports manufacturing businesses that invest in cutting-edge technologies to remain competitive...
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FASB Issues Guidance On How to Account for Related Party Leases

There’s new guidance for businesses and nonprofits that are subject to the relatively new lease accounting standard.
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Beware of Employee Retention Credit Scams

If advertisements about the Employee Retention Credit (ERC) have grabbed your attention, you’re not alone. Scammers have jumped on the opportunity to convince business owners to claim this potentially lucrative tax credit. Here’s what you need to know...
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QuickBooks Desktop 2020 to be Discontinued

Intuit recently announced that it will discontinue service for QuickBooks Desktop 2020 as of May 31, 2023. If you use QuickBooks Desktop 2020, you have some decisions to make. Let’s look at how this will impact your business and what your options are as...
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