On March 11, 2021 President Biden signed the American Rescue Plan Act of 2021 (The Act) and $1.9 trillion which followed closely the framework that… Read more »
Categories: Tax, Small Business, Tax Planning, COVID-19 Resources
Comptroller Peter Franchot announced on Thursday, March 11 the deadline to file state income taxes has been extended to July 15 in Maryland. The extension… Read more »
Categories: Tax, Tax Planning, COVID-19 Resources
GSG’s latest podcast features Alan Spero who discusses the new round of PPP loans and how businesses can take advantage of it. Back in March… Read more »
Categories: Tax, Small Business, Tax Planning, COVID-19 Resources
When the CARES Act was signed into law on March 27, 2020, it established the Employee Retention Tax Credit (ERTC), which entitled eligible employers to… Read more »
Categories: Tax, Tax Planning, COVID-19 Resources
On January 6, 2021, the SBA published guidance in the Paycheck Protection Program (PPP) that has clarified both loans that were received in the first… Read more »
Categories: Tax, COVID-19 Resources
The Comptroller of Maryland issued a news release and tax alert on January 6, 2021 that provides extensions of time for tax filings and tax… Read more »
Categories: Tax, Tax Planning, COVID-19 Resources
GSG recently released its annual tax-planning guide, which includes in depth year-end and year-round tax-saving strategies for individuals and businesses for the 2020 tax year… Read more »
Categories: Tax, Tax Planning, Retirement Planning, COVID-19 Resources
Late Monday evening, Congress approved The Consolidated Appropriations Act, 2021 (the Act) that contained a number of tax provisions, but more importantly, a number of additional… Read more »
Categories: Tax, Small Business, Tax Planning, COVID-19 Resources
As the week ends, Congress is still working on the Bipartisan Emergency COVID Relief Act of 2020 with both sides of the aisle agreeing something… Read more »
Categories: Tax, Small Business, COVID-19 Resources
Maryland pass-through entities, including partnerships and S corporations, now have an option to elect to pay Maryland state income tax rather than tax being paid… Read more »
Categories: Tax, Tax Planning
