article thumbnail

Maryland Supreme Court Revives State’s Digital Ad Tax

CPA Practice

By Dan Belson, Baltimore Sun (TNS) Maryland’s highest court issued an order May 9 reversing a ruling by an Anne Arundel Circuit Court judge that struck down the state’s first-in-the-nation tax on digital advertising. The Maryland Chamber of Commerce issued a statement Wednesday noting the court’s ruling was procedural.

article thumbnail

Maryland Digital Ad Tax Case Leaves States in Limbo, But Digital Taxes Aren’t Going Away

CPA Practice

This has been playing out in Maryland over the last few years as the state has become a national litmus test for the legality of taxing companies based on their digital advertising revenue. Controversial From the Start In 2021, Maryland enacted the Digital Advertising Gross Revenues Tax (DAGRT) [1].

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How Biden’s Marijuana Shift Could Impact Taxes

CPA Practice

However, this does not mean that marijuana will become legal for recreational use nationwide. Proponents argue that rescheduling marijuana is a step in the right direction, emphasizing the need to align federal policy with the growing acceptance and legalization of cannabis at the state level.

Tax 111
article thumbnail

Best States to Practice Dentistry In

DentalAccounting

All Dental Accounting Association members are Certified Tax Coaches in addition to being a CPA. Certified Tax Coaches are tax professionals with advanced training in proactive tax planning who specialize in finding deductions, credits, loopholes, and strategies to help their clients pay less tax legally. Massachusetts. Connecticut.

article thumbnail

The Benefits of Delayed Business Filings

CPA Practice

A delay allows business owners to specify a future effective date on their registration forms, granting them control over when their company officially becomes a legal entity. In a delayed filing, the business controls when the company officially becomes a legal entity. Let’s look at both options.

article thumbnail

The Hidden Costs of Payroll Advance Apps

CPA Practice

It arrives as policymakers in states such as Maryland and in the U.S. It is alarming that some policymakers are ignoring the evidence, taking legal protections away from consumers, and exposing them to harms from advance apps.” Congress move to exempt advance apps from consumer protection laws.

payroll 52
article thumbnail

How Biden’s Proposed Wealth Tax Would Work

CPA Practice

Additionally, lawmakers in California, Connecticut, Hawaii, Illinois, Maryland, Minnesota, New York, and Washington have recently proposed wealth taxes. There are also lingering questions about whether wealth taxes are a “fair,” legal, or effective way to address the wealth gap.

Tax 116