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Leadership

Leadership Experience.

Posted by on Aug 12, 2001

The partners and principals of Hertzbach are diverse in their professional backgrounds, experience, and achievements. Each partner/principal has made a unique contribution to the growth and success of the firm. Many of our partners and principals started their careers with our firm.

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Strategy

Service Strategies.

Posted by on Aug 12, 2001

Our team of over 160 professionals is diverse in their experience and achievements, concentrating in many practice service areas, including accounting and auditing, taxation, consulting, and specialized industries. Our depth of expertise and reputation make us the choice for businesses and individuals.

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Expertise

Industry Expertise.

Posted by on Aug 12, 2001

Hertzbach & Co. provides services and consulting to a wide range of industries. We understand the unique practices of these industries. Our professional team of CPAs, working with other professionals and support staff, provide the specialized resources needed to succeed in all aspects of business.

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Beliefs

What We Believe.

Posted by on Aug 12, 2001

As a certified public accounting and consulting practice, we believe that every client, without exception, has the right to the highest level of expertise and advice, a thorough understanding of their financial position and a commitment by those engaged and entrusted to guide them to business success.

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Recent Posts

Supreme Court Rules in Favor of Wynne:

Supreme Court Rules in Favor of Wynne:

May 18, 2015

Maryland Taxpayers to Begin Receiving Refunds on Previously Disallowed Out-of State Income Tax Credits The Supreme Court ruled against a Maryland law that disallowed a full credit to residents on the income taxes paid to other states. Maryland previously allowed a credit on income that was earned and taxed in another state, but the credit was only allowed to be claimed against Maryland state income tax and not against the local tax to counties.  The Supreme Court Justices, in a 5-4 decision, ruled that it was unconstitutional for Maryland to tax resident income that was earned elsewhere and already taxed because it interferes with the interstate commerce clause of the Constitution. For the past several years as the Wynne case made its way through the court system, many Maryland taxpayers have filed protective refund claims for the credit for taxes paid to other states against their local tax. Now that the Supreme Court has ruled in favor of Maryland taxpayers, these claims will be refunded along with interest at 3%. Hertzbach will be monitoring the situation and will post new information as it becomes available, including information on how refunds will be issued and how to file returns going forward to apply the new provision. If you have any questions, please call your Hertzbach Tax Advisor at 410-363-3200 or 800-899-3633. We look forward to speaking with...

Maryland Tax Amnesty

Maryland Tax Amnesty

May 7, 2015

Maryland will hold a Tax Amnesty Program from September 1, 2015, through October 30, 2015. The program offers most taxpayers a waiver of all civil penalties (with exception to previously assessed fraud penalties) related to delinquent tax liabilities and 50% of levied interest through October 30, 2015, and bars criminal prosecution, except for charges already pending or under investigation. The waiver applies to non-reporting, underreporting and nonpayment of individual and corporate income tax, withholding tax, sales and use tax, and admissions and amusement tax liabilities for tax periods ending on or before December 31, 2014. The program requires full payment of all delinquent taxes and one-half of the interest on or before December 31, 2016. Taxpayers participating in the amnesty program will be required to file delinquent returns and pay tax plus one-half interest due on these and previously filed returns. The amnesty program will not apply to taxpayers who had been previously granted amnesty between in calendar years 1999 through 2014. For more information,  please call your Hertzbach Tax Advisor at 410.363.3200 or 800.899.3633. We look forward to speaking with...

Tax Court considers house flipper’s expense deductions

Tax Court considers house flipper’s expense deductions

Apr 2, 2015

With many real estate markets on the rebound, real estate investors are resuming house flipping strategies to reap profits by,among other benefits, deducting large amounts of related expenses. But those expenses are deductible only if incurred in connection with a “trade or business.”And, as the taxpayer in the recent case of Ohana v. Commissioner learned the hard way, a trade or business requires more than just vague intentions to sell at some point. Read the full article in the March/April issue of Real Estate...