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All About Service Businesses (7)

Maryland Small Business Retirement Savings Program Set to Launch September 2022

It seems like ancient history, but back in 2016, Maryland passed a law requiring any covered employer (i.e., one that didn’t have its own retirement plan and used a payroll system or service) to participate in the Maryland Small Business Retirement...
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Bars and Restaurants Are Making the Move to a Manufacturing and Distribution Model

While nearly every industry was impacted by the COVID pandemic, one could argue that no sector took a beating like the hospitality industry. Government shutdowns and consumer hesitancy plagued bars and restaurants. Even in the post-pandemic recovery...
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5-Point Checklist for Managing Inflation In Your Business

With inflation running high, businesses everywhere are struggling to manage costs. Regardless of whether or not inflation is in check anytime soon, its effect on business revenue and savings requires planning and prioritizing now. We put together a...
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New Virginia Law Affects Taxation of Pass-Through Entities

Virginia’s Department of Taxation issued guidance on thePTE legislation in early 2024. Read more here. A new Virginia law allows the owners of a pass-through entity (PTE) to shift their income tax burden generated from the PTE away from them personally...
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New Rules for Treatment of R&D Costs Could Impact Technology Companies

Certain provisions of the Tax Cuts and Jobs Act (TCJA) could have a significant impact on technology companies in 2022. Here’s what technology companies need to know about an amendment to Section 174 of the tax code that can affect taxable net income.
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Maryland Unemployment Insurance Tax Rate Changes Explained [2022]

If your Maryland business is subject to unemployment insurance taxes, be aware of potential changes to your tax rate for the 2022 calendar year.
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