CPA Practice

JUNE 19, 2025

Bardwell was elected chair by the MACPA membership during the association’s 2025 Annual Meeting, held on June 18 at the Junior Achievement of Central Maryland offices in Baltimore.

Maryland

TaxConnex

JULY 10, 2025

Some holidays have passed already for 2025, but what’s to know about those in various states for the rest of year? 1-2; Maryland (clothing and footwear $100 or less, qualifying bookbags and backpacks up to $40), Aug. 10-16; Oklahoma (clothing or footwear costing up to $100) Aug.1-3; 1-3; Texas (costing up to $100), Aug.

West Virginia

CPA Practice

JUNE 5, 2025

Subscribe Tags:  Technology Recommended Firm Management Articles View All Firm Management Articles Firm Management June 5, 2025  Texas Accounting Firm Brown Graham Celebrates 70th Anniversary Brown Graham has grown into a respected regional firm with offices in Amarillo, Austin, Pampa, Prosper, and Spearman. © 2025 Firmworks, LLC.

Technology

Accounting Today

AUGUST 4, 2025

EDT 12 Min Read Facebook Twitter LinkedIn Email The 2025 Fastest-Growing Firms, like the rest of the profession, are dealing with a people problem — and many anticipate that to be a continued challenge. © 2025 Arizent. All rights reserved. And I think we are going to keep up with them. All rights reserved. All rights reserved.

Technology

Accounting Today

AUGUST 5, 2025

In September of last year it completed its acquisition of Cendrowski Corporate Advisors , a Detroit-based tax, business valuation and accounting firm, and in October, it added Wiener and Garg in Rockville, Maryland. © 2025 Arizent. All rights reserved. All rights reserved. All rights reserved.

New Jersey

Accounting Today

JULY 21, 2025

To thine own niche be true RS&F employed a direct approach, according to managing partner Jeffrey Rosen, but for the Towson, Maryland-based firm, it was niche-based. Tampa, Florida-based Top 100 Firm Crete Professionals Alliance — the 2025 No. All rights reserved. Where they differ, of course, is in their specific strategies.

Technology

Insightful Accountant

JUNE 27, 2025

* Expand Lori Gross This week, our Top ProAdvisor profile focuses on Jaime Thompson of Nicholynn Advisors of Annapolis, Maryland. she responded: Being named a Top 100 ProAdvisor for three years in a row (2023, 2024, and now 2025) has helped us grow both in visibility and in confidence.

general ledger

Going Concern

APRIL 11, 2025

News Tax firm owned by Anne Arundel lawyer found liable in unjust enrichment case [ Maryland Daily Record ] An accounting firm owned by Glen Frost, the founder of one of Anne Arundel Countys largest law firms, was found liable for unjust enrichment and ordered to pay more than $680,000 after a jury trial last month.

audit

Accounting Today

JULY 31, 2025

Lanham, Maryland: Tax preparer Funso Posi Timothy, 60, has pleaded guilty to and was convicted of two counts of filing false returns. For 2021, he filed Maryland returns that included false information to unlawfully inflate refunds and evade taxes. © 2025 Arizent. All rights reserved. All rights reserved. All rights reserved.

Tax

Going Concern

MARCH 7, 2025

— Logan Graf (@LoganGrafTax) March 6, 2025 Consulting Trump administration to expand blitz against spending on consultants [ Financial Times ] An FT analysis of federal data shows that more than 30 contracts held by the 10 consultants have been completely or partially cancelled. . Unlike everything else these days it’s free.

Government

Accounting Today

JULY 2, 2025

We could take another week to get this thing right," Harris, a Maryland Republican, said during an appearance on CNBC Wednesday. © 2025 Arizent. All rights reserved. EDT 2 Min Read Facebook Twitter LinkedIn Email Rep. Andy Harris accompanied by Rep. Chip Roy speaks to the media about the "One, Big, Beautiful Bill" at the U.S.

North Carolina

CPA Practice

SEPTEMBER 5, 2024

By Sam Janesch Baltimore Sun (TNS) Marylanders who have relatively straightforward tax returns will have the chance to ditch independent—and sometimes costly—tax preparers and instead file their federal taxes directly with the IRS for free in 2025, state and federal officials said Wednesday. Treasury Deputy Secretary Wally Adeyemo.

Maryland

CPA Practice

FEBRUARY 4, 2025

4 by the Maryland comptrollers office warned. A printing malfunction caused about 6,000 1099-G forms to end up at the wrong addresses,a notice posted Feb.

Maryland

Accounting Today

SEPTEMBER 4, 2024

The state of Maryland has become the latest to sign up for the IRS Direct File program for filing season 2025, offering residents a free way to file their taxes.

Maryland

TaxConnex

MARCH 21, 2024

Maryland is fielding a proposal to reduce the state’s overall sales tax rate but expand the number of products to include such items as streaming services. The bundled transaction included the taxable sale of tangible personal property, as well as non-taxable sale of wireless services. Get in touch to learn more.

South Carolina

CPA Practice

OCTOBER 4, 2024

The Internal Revenue Service says its Direct File program has added 12 new states and will be available for the 2025 tax filing season. For the 2025 tax filing season, Direct File will also be available in Alaska, Connecticut, Idaho, Kansas, Maine, Maryland, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania and Wisconsin.

Alaska

CPA Practice

FEBRUARY 6, 2024

We expect this trend to continue in 2024 in the small number of jurisdictions that have considered the issue but have not yet acted, even though the TCJA’s SALT deduction limitation is currently scheduled to expire at the end of 2025. In response to the dismissal of the earlier state lawsuit, Apple Inc.

South Dakota

Going Concern

JUNE 23, 2022

14 or 15 years ago I trolled Bill Sheridan of the Maryland Association of CPAs on Twitter about uncovering a weapons cache they’d stashed on CPA Island, a then-revolutionary virtual space in the game Second Life MACPA had set up for…accounting things. Back in 2008 CPA Island was the first (only? come ‘ere and gimme a hug!

Maryland

Accounting Today

DECEMBER 16, 2024

Kahn, Berman, Solomon, Taibel & Mogol in Hunt Valley, Maryland, is adding Varanko & Black CPAs, another firm in Baltimore County, effective Jan. 1, 2025.

cpas

CPA Practice

MAY 3, 2024

See the Florida Department of Revenue for additional guidance. The sales tax holidays listed above were enacted in 2023. Senate Bill 56 (2023) reinstated the state’s Second Amendment sales tax holiday for 2023 and 2024. The tax-free weekend for qualifying Energy Star products and solar water heaters starts at 12:01 a.m.

Sales

CPA Practice

OCTOBER 18, 2024

The Greater Washington Society of CPAs (GWSCPA) recently announced its list of board members and nominations for the 2024/2025 year. Christine has over 25 years of banking experience specializing in working with tax-exempt organizations in Northern Virginia, DC, and Maryland. She holds a B.S.

CPA

PYMNTS

NOVEMBER 4, 2020

The states that approved legal sports betting were Maryland, South Dakota and Louisiana, while Virginia approved casino gambling in four locations, Nebraska authorized adding casino games for its horse race tracks, and Colorado added more types and numbers of games allowed at casinos and got rid of some wagering limits. billion by 2025.

Sports

Anders CPA

MAY 23, 2023

Residents of Colorado, Connecticut, Maryland, Massachusetts, New York, Oregon, Rhode Island and Washington are required to have PFML contributions deducted from their wages and paid to the proper state or tax authorities. Two states, Delaware and Wisconsin, have similar policies that will go into effect in 2025 and 2024 respectively.

payroll tax

ThomsonReuters

JANUARY 30, 2023

Senate Bill 37 proposes to increase the minimum wage to $15 per hour in 2024 and $20 per hour in 2025. per hour to $15 per hour by 2025. The state currently has scheduled minimum wage increases. The proposed bill ( Senate Bill 81 ) would further increase the state’s minimum wage. Rhode Island. West Virginia.

payroll

Cherry Bekaert

MAY 16, 2023

In ISN I, the contractor was an S corporation located in Maryland. The SALT-cap is currently set to expire at the end of 2025, making this a temporary situation—at least for now. Given that the SALT-cap is helping to generate revenue at the federal level, it may be extended in some shape or form beyond 2025.

income tax

CPA Practice

JANUARY 3, 2024

What states have a sales tax holiday in 2024? and end at midnight. See the Florida Department of Revenue for additional guidance. The sales tax holidays listed above were enacted in 2023. Senate Bill 56 (2023) reinstated the state’s Second Amendment sales tax holiday for 2023 and 2024. on the third Monday of February.

Sales

ThomsonReuters

FEBRUARY 7, 2022

The collection of contributions would not begin until 2025 under the measure. It proposes different contribution rates for medical leave benefits, family caregiving benefits, and parent leave benefits. Up to 50% of the contribution may be collected from the employee (L. 2022, S1). . 2022, H2407/S336 ). . The Time to Care Act of 2022 ( L.

Missouri

CPA Practice

JULY 8, 2024

Esther Eleanna Lee (Weissman) (Maryland), a graduate of University of Maryland, College Park, with a Bachelor of Arts in criminology and criminal justice and a Master of Science in accounting, is employed with Ernst & Young, VA.

cpas

CPA Practice

FEBRUARY 16, 2024

Five of the bill’s backers are from New York, two are from California and one each hail from Maryland and New Jersey. This is expiring at some point,” Garbarino said, hinting that the group may turn their attention to 2025, when the SALT cap along with other provisions in the 2017 tax law is set to expire. “Do Do we ever give up?”

New York

CPA Practice

JUNE 27, 2024

Brown Plus Welcomes New Team Members Leading accounting and advisory firm,Brown Plus, recently announced the hiring of two new team members in Pennsylvania and Maryland: Helen Badman joined the Firm as an Employee Specialist. He is located at the Brown Plus office in Westminster, Maryland.

Healthcare

ThomsonReuters

APRIL 25, 2024

Additionally, New Hampshire only imposes income tax on interest and dividend income exceeding $2,400, with plans to phase out this tax by 2025. States with no tax on Social Security. In addition to the eight states above, plus New Hampshire, 39 states do not levy income tax on Social Security benefits.

South Dakota

ThomsonReuters

JUNE 7, 2024

Treasury’s FY 2025 proposal has an effective date of December 31, 2024, however, as with the FY 2024 and FY 2023 proposals, no legislative action imposing adherence to it has occurred. The correct handling of tax obligations, withholdings, and payroll deductions is vital to staying within legal parameters.

payroll

ThomsonReuters

APRIL 24, 2024

Overview of the Alabama exclusion of overtime wages On June 8, 2023, Alabama Governor Kay Ivey signed House Bill 217 into law, excluding wages earned for hours worked in excess of 40 in a workweek from gross income, beginning January 1, 2024, through June 30, 2025. Wertz provided the Maryland digital ad tax as an example.

West Virginia

ThomsonReuters

JUNE 28, 2021

per hour incrementally by 2025. Montgomery County, Maryland: $15.00 The last federal minimum wage rate increase took effect on July 24, 2009 when the rate was increased to $7.25 President Biden’s American Rescue Plan Act (ARPA) initially included a provision to increase the national minimum wage rate to $15.00

payroll

ThomsonReuters

JUNE 10, 2021

The Secure Maryland Wage Act , signed into law by Maryland Governor Hogan on May 30, 2021 and effective October 1, 2021, establishes a minimum wage for “certain employees working at a heightened security interest location,” defined as Baltimore-Washington International Thurgood Marshall Airport or Pennsylvania Station in Baltimore.

payroll

ThomsonReuters

FEBRUARY 22, 2021

However, that has not stopped House Democrats in the Committee on Education and Labor from moving forward with legislation that would increase the federal minimum wage to $15 per hour by 2025 and adding it to the larger House budget reconciliation bill. IRS forms and publications. Unemployment tax calculations exclude COVID-19 claims.

payroll

ThomsonReuters

MARCH 1, 2021

per hour in 2025. New legislation signed by Maryland Governor Hogan is limiting unemployment tax rate calculations to include only unemployment benefits claimed by July 1, 2019. The House bill includes a provision for a $15 federal minimum wage that would incrementally increase to this rate as follows: $9.50 per hour in 2021, $11.00

payroll