Tax Management & Preparation

The U.S. Tax Code brings a myriad of tax issues that confront businesses, estates and individuals requiring skilled professional help to carefully track, interpret and apply changes. At Hertzbach and Company, P.A., our Tax Department brings over 65 years of experience to every area of tax planning and preparation. Our experts are focused on you and your business and keeping you informed to take advantage of opportunities these changes present.

Here are some of the tax matters in which we can assist:

  • State & Local Tax
  • Fixed Assets
  • Estate Planning
  • Succession Planning
  • Employee Benefit Plans
  • ESOP Advisory Services
  • Federal and State Credits and Incentives
  • International Tax
  • Property Tax
  • Transactional Advisory Services
  • Payroll Services

Recent tax Updates

Tax Blogs

How the Tax Cuts and Jobs Act Impacts the Real Estate Industry

Posted By: Real Estate , February 15, 2018

The Tax Cuts and Jobs act made multiple changes to tax regulations impacting the real estate industry. Highlights of some of the changes are summarized below.  1031 Exchanges Section 1031 exchanges are now limited to only exchanges of real property not held primarily for sale. It only includes property held for use in a trade…

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Maryland Registered Apprenticeship Tax Credit

Posted By: Tax Department , January 26, 2018

The Maryland Apprenticeship Tax Credit is a tax credit given to Registered Apprenticeship Sponsors and/or employers who employ an eligible Registered Apprentice(s).  The credit is worth up to $1,000 per each eligible Registered Apprentice. As with any credit Maryland provides, there are always limitations. The credit may only be taken against the state income tax…

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Hertzbach featured in Golf Digest regarding 2018 Meals & Entertainment Deductions

Posted By: Marketing , January 25, 2018

Brian Ray, Tax Partner of Hertzbach & Company, P.A. was recently interviewed by Peter Finch of Golf Digest. “Golf took an unexpected hit in the new tax law. Will it cause lasting damage?” discusses the impact that the Tax Cuts and Jobs Act will have on the golf industry. On Dec. 22, President Trump signed the…

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IRS Updates Withholding Tables for Tax Reform

Posted By: Tax Department , January 17, 2018

As part of its ongoing efforts to help implement the new tax legislation, the IRS has released an updated version of the tables used to calculate 2018 income-tax withholding for individuals. The new calculations reflect the changes to standard deductions and tax brackets, as well as the repeal of personal exemptions. The guidance released by…

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Hertzbach’s Greg Will, CPA, MST, CFE presents on Tax Reform at AOPA Leadership Conference

Posted By: Marketing , January 16, 2018

Greg Will, CPA, MST, CFE, gave a presentation that covers tax reform for corporations, partnerships and individuals at the America Orthotic Prosthetic Association’s (AOPA) leadership conference in Palm Beach, FL. Greg’s presentation discussed the impact of tax reform on businesses, business owners and other persons. He also examined the various planning opportunities that come with…

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HSA Plans Endangered in Maryland

Posted By: Tax Department , January 9, 2018

A new law passed in Maryland may endanger the future of HSA plans in the state. A Health Savings Account (HSA) provides significant tax benefits for saving toward healthcare expenses. Contributions can be deducted or excluded from taxable income and any earnings on the account are also tax free. The money in the account must…

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