Going Forward

The latest industry news, tax updates and strategies for success.

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Shop Maryland Energy Weekend Announced for 2020

The Maryland Comptroller’s office is reminding consumers of the annual Shop Maryland Energy weekend event….

No Estate and Gift Tax Clawback After Year 2025

The Tax Cuts and Jobs Act (TCJA) of 2017 temporarily increased the basic exclusion amount…

New Year, New Form W-4

The new year is upon us, and everyone is hopeful that 2020 will bring change…

2019 Tax Law Change Update

Highlights of spending package’s tax law changes The federal government spending package titled the Further…

WAYFAIR – IT’S NOT JUST FOR SALES AND USE TAX

Summary The effects of the Supreme Court’s 2018 Wayfair decision on sales and use tax…

IRS Makes Face-to-Face Visits to Taxpayers with Tax Compliance Issues

The IRS has announced that they will begin visiting taxpayers with ongoing tax compliance issues….

Charitable IRA rollover eases tax pain of RMDs

One downside of contributing to a traditional IRA is that, once you reach age 70½,…

Kiddie tax: New hazards, new opportunities

Despite its name, the “kiddie tax” is far from child’s play. And a change made…

Taxable vs. tax-advantaged: Where to hold investments

When investing for retirement or other long-term goals, people usually prefer tax-advantaged accounts, such as…

Meal, travel and entertainment expenses: Know what’s deductible and properly substantiate

When owners, managers and salespeople attend trade shows, call on customers or evaluate suppliers, they…

Business Loss Deductions

Excess business loss rule may be unfavorable to you Sole proprietorships and pass-through entity structures,…

Did you repair your business property or improve it?

Repairs to tangible property, such as buildings, machinery, equipment or vehicles, can provide businesses a…

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