On May 7, the governor of Maryland enacted SB 523 – Income Tax—Pass-Through Entities and Corporations. This new legislation aims to provide relief for taxpayers from the $10,000 cap on federal deductions for state and local taxes (SALTs). SB 523 goes into effect on...
Is your business merely surviving? Wouldn’t you rather have it thrive?Now, more than ever, businesses need strong leadership in order to make sure their organization is growing from a strong, solid foundation.So, how do you do it? How do you lead a team to...
The local public accounting and business advisory firm, HeimLantz, is pleased to announce the additions of Lynn Roy and Yvette Sosa to their professional team. Lynn Roy joined the HeimLantz team, part-time effective July 20, as an outsourced accountant. She brings...
On Friday, April 24, President Trump signed the Paycheck Protection Program and Health Care Enhancement Act into law. The new aid bill boosting funding for various initiatives in response to the coronavirus pandemic was passed in the Senate on Tuesday and by the House...
On April 9, the Internal Revenue Service (IRS) released Notice 2020-23, announcing their extension of many additional key tax deadlines for businesses, individuals, estates, trusts, and not-for-profit organizations. The tax bureau had already extended the April 15 tax...
On March 27, 2020, President Trump signed into law a sweeping $2.2 trillion stimulus package designed to abate the economic damages caused by the coronavirus (COVID-19) pandemic. The Coronavirus Aid, Relief, and Economic Security (CARES) Act is the third piece of...
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