Maryland Assoc. of CPAs names new CEO

Accounting Today

Practice management Career moves

And That’s 10, Folks! Maryland Paid Family Leave Signed Into Law

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Thanks to the passage of its new Time to Care Act, Maryland is now the tenth state to mandate paid family and medical leave for employees. If you’re a Maryland employer, the Maryland paid family leave program applies to you.

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Maryland State Tax Updates

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Blogs

Rebekah Brown named president and CEO of Maryland Association of CPAs

CPA Practice

In 2020, Brown was named a Maryland “Leading Woman” by The Daily Record. She was included in CPA Practice Advisor’s annual list of 40 Under 40 Professionals in 2019 and 2020, and was awarded the 2019 President’s Award for Community Service by the. Accounting & Audit

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Big Tech Compliance Tracker: Tencent Says Big Tech Needs Greater Oversight; Group Seeks To Block Maryland Online Ad Tax

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Group Seeks to Block Maryland Online Advertising Tax. Marylanders for Tax Fairness is preparing for a battle in January over the state’s attempt to make a digital advertising tax, the Baltimore Sun reported. Maryland legislators ratified the tax earlier in 2020, but Gov.

Maryland Launches eProcurement Portal With Nitor, Ivalua

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The state of Maryland has launched a new eProcurement system for the Maryland Department of General Services following a collaboration with source-to-pay and eProcurement FinTechs. In a press release Tuesday (July 30), source-to-pay solution provider Nitor and spend management firm Ivalua said their work with the Maryland Department of General Services has led to the successful launch of the eMaryland Marketplace Advantage (eMMA) system.

Walmart Officially Sorry It Can’t Tell Massachusetts From Maryland

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In Walmart’s defense, it was specifically selling the promotion of the University of Maryland’s mascot , not the school itself … where one could presumably learn the basics of U.S. We understand the pride Marylanders feel for the Terps and apologize for the mistake.” Retail Apparel Retail Maryland Massachusetts Retail Fail retail what's hot Russell Athletic social media twitter University of Maryland walmart What's Hot

Maryland Community Bank Wades Into Cannabis Market

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As more financial institutions (FIs) warm up to the idea, one bank in Maryland is taking significant steps to address cannabis companies’ FinServ challenges. Jake Van Wingerden, head of a Maryland-based marijuana trade association and of licensed grower SunMed Growers, told The Washington Post that Severn Savings Bank was eager to work with industry players. Providing financial services to legal marijuana businesses in the U.S.

Mama’s Biscuits Opening New Manufacturing Facility In Maryland

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Maryland and Virginia, as well as online. Mama’s Biscuits , America’s first gourmet biscuit company, founded by Lesley Riley, is opening a new manufacturing facility in Frederick, Md., according to a press release. Mama Biscuit’s Gourmet Biscuits (MBGB) produces flavored gourmet biscuits that “bridge the gap between” sweet cupcakes and savory tasting treats. They are sold in major retailers such as Wegmans and Whole Foods Market in Washington, D.C.,

On States’ Radar is Digital Advertising Tax, as Maryland First in the Nation to Enact

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Articles

Online Ads: Who Taxes Them and Who Doesn't?

TaxConnex

In an ever-increasing expansion of the tax base, last year Maryland lawmakers overrode a gubernatorial veto and greenlighted a digital advertising tax, the first of its kind in the nation. Maryland has imposed a gross receipts tax on digital ads, ranging from 2.5%

Are Digital Ad Taxes Spreading?

TaxConnex

Maryland has a n ew tax on digital advertising and has extended the state ’ s existing sales and use tax to the sale of such digital goods as digital code, streaming, music, ring tones, e-books and audio books, movies, online newspapers and cable, satellite and pay-per-view television programming.

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Do you really understand economic nexus for sales tax?

TaxConnex

Maryland has greenlighted the nation’s first tax on digital advertisements ; the gross receipts tax on digital ads ranges from 2.5% Though some called the Maryland law?“incredibly Businesses have heard a lot about economic nexus over the past few years.

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2021: The Year in Review – Sales Tax

TaxConnex

Even then, however, such states as Massachusetts, Michigan, South Carolina and Maryland were among those continuing to extend filing and sales tax payment relief that had started during the pandemic. Though Maryland would eventually delay implementation of its digital law until Jan.

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What's New in State Sales and Use Taxes

TaxConnex

In the trendiest sales tax news (aside, of course, from Florida finally passing economic nexus legislation), Connecticut lawmakers have proposed a digital advertising services tax similar, experts say, to one recently enacted in Maryland.

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KPMG’s New Metaverse Space is Like the First-Person Shooters You Played in 1999 But Worse

Going Concern

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.

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Sales Tax and Vitamins/Dietary Supplements

TaxConnex

The products are tax-exempt (more or less) in the District of Columbia, Florida, Maryland, Michigan, New Jersey, New York, Texas, Vermont, West Virginia and Wyoming. You won’t find too many more confusing sales tax scenarios than the one involving dietary supplements.

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Sales Tax on Shipping: When Does it Apply?

TaxConnex

Stating the shipping cost separately on the invoice affects its taxability in Alabama, Arizona, Illinois, Iowa, Maryland, Oklahoma, Utah, Virginia and Wyoming. In Maryland, the shipping charge becomes taxable when it’s combined with handling.

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What’s new: state sales and use taxes

TaxConnex

There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Florida sales tax exemptions on hurricane-preparedness items may soon encompass purchases of pet food, thanks to the lobbying of a local Girl Scout troop. Alabama ?has

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Sales tax and accounting services

TaxConnex

In recent years, Connecticut, Maryland, and California toyed with levying state sales tax on accounting services but found it a tough fight in the face of intense lobbying from accountants’ groups. It’s that time of year again when everyone suddenly thinks about preparing their income taxes.

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Taxation of services

TaxConnex

States also continue to debate taxing digital advertising services, especially in the wake of Maryland enacting the nation’s first digital advertising tax. Understanding the taxability of your company’s products or services is one of the key steps to complying with sales and use tax laws.

End of the Year Sales Tax Updates to be Aware of as You Start 2022

TaxConnex

Maryland’s December register includes the state’s Digital Advertising Gross Revenues Tax regulations, which became effective Dec. There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. State updates. Kansas Gov.

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What Happens if You Mess Up a Sales Tax Filing

TaxConnex

Maryland socks you with a late-filing penalty of 10% and interest at a rate of not less than 1% per month. Those “legal processes” that Maryland mentioned can be punishing.

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Sales and Use Tax Updates from February

TaxConnex

In another possibly trendsetting development, Maryland has greenlighted the country’s first tax on digital advertisements sold by companies such as Facebook, Google and Amazon. Maryland has also extended time free of interest and penalties to file sales and use tax returns due between Jan.

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Video Conferencing: Has the Pandemic Created a New Taxation?

TaxConnex

announced last year that it would start collecting local utility and communications taxes in California, New York, Maryland, and Virginia. Ever had a bad connection on a video conferencing platform? It can be a confusing and frustrating experience.

Excise Tax versus Sales Tax

TaxConnex

Excise taxes vary widely from state to state, but in recent years states collecting the highest per-capita excise taxes include Vermont, Nevada, Hawaii, Minnesota, and Maryland. Soon after you start dealing with states’ sales tax, you’re going to also run into another term: excise tax.

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Can IP Addresses Be Used to Assess Sales Tax?

TaxConnex

Texas and Maryland. A measure using IP addresses to track the location of sales does appear to have been upheld from a recent digital-advertising bill in the Maryland Senate. The short answer: maybe.

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Recent Cases Show You Shouldn't Mess with Sales Tax Obligations

TaxConnex

Maryland lawmakers might soon revive a proposal to expand the state’s sales tax to sales of digital products, both downloads and streaming. States may be getting tougher on sales tax delinquents as the pandemic drags on and tax revenues, in many places, take hits.

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Monthly Sales and Use Tax Update

TaxConnex

Maryland is offering a vendor credit of up to $3,000 on sales tax returns for the months of March, April and May 2021. There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates that occurred over the last month.

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The Pandemic's Impact on Businesses and Sales Tax: An Update

TaxConnex

Maryland?has This article was written for the Atlanta Business Chronicle Leadership Trust. To see the original post, click here. In the fall of 2020, I published an article on how the sales tax picture is changing due to COVID-19.

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Telecom Tax and Other Specialty Transactions Taxes

TaxConnex

Pennsylvania , Maryland and New York impose a gross receipts tax specifically on communications services: These are annual corporate-type taxes, often requiring an estimated payment like a corporate income tax. Sales tax is broadly defined to mean any tax that is charged to the end-user customer by the retailer of property or services. Though this definition is correct, it does not always provide a complete picture of a business’s transactions tax liabilities.

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Neiman Marcus Agrees To Pay $1.5M To Settle Payment Card Breach

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The Maryland Attorney General Brian Frosh announced Tuesday (Jan. In a press release , the Maryland AG said Neiman Marcus agreed to pay $1.5 The states’ investigations determined that around 370,000 payment cards were breached, including 8,323 associated with consumers in the state of Maryland. Of the cards that were breached, at least 9,200 were used for fraudulent purposes, the Maryland AG said in the press release.

Preparing Your Business for Sales Tax Holidays

TaxConnex

Other states like Maryland, Missouri, Texas, and Virginia have holidays for energy-efficient devices. Many states use sales tax holidays to waive or reduce sales tax on various items. These holidays can be annual or even two or more times a year.

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Senate Approves Five Week Extension For Paycheck Protection Program 

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Benjamin Cardin (D-Maryland), one of the bill’s authors. Only Maryland, Rhode Island and the District of Columbia have seen fewer new cases. Just as the application deadline was set to expire on the Paycheck Protection Program (PPP) at midnight Tuesday (June 30), the U.S.

An Accounting Firm Gets Phished: A Play In Two Acts

Going Concern

And then there’s this: from January 2014 to February 2018 there were 132 accounting firm breaches in the state of Maryland alone according to data analyzed by Christine Cheng, Ph.D., That’s actually not bad for every single accounting firm in Maryland over a four year period.

Best States to Practice Dentistry In

DentalAccounting

Maryland. According to 24/7 Wall Street, a career in dentistry provides a median salary more than quadruple all professions. That’s right, the median salary for a dentist is $156,240. To take this a step further, the best states for dentistry might surprise some of you. When you factor in variations in dental insurance coverage, frequency of visiting a dentist, quality of life, cost of living and more factors, then the best states to practice dentistry are: 1. Massachusetts.

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Monthly Review of What's New in Sales & Use Tax

TaxConnex

Digital services is a hot new area in which to require collection and remittance of sales tax – especially after Maryland broke the ground of taxing digital advertising earlier this year. There’s always something changing in the world of tax, especially sales tax.

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Sales and Use Tax Updates from March

TaxConnex

tax issue this year as other states move to join Maryland in trying to levy taxes on this commercial internet-based activity. There’s always something changing in the world of tax, especially sales tax. And 2021 continues to prove that.

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Google Slapped With Antitrust Lawsuit Filed By Coalition Of 38 States

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A coalition of 38 state attorneys general filed an antitrust lawsuit against Google , accusing the search giant of engaging in anti-competitive practices, the Associated Press (AP) reported on Thursday (Dec. The federal lawsuit was filed in Washington, D.C.

Fraudsters Accused In $364M Ponzi Debt Scheme

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According to Reuters , the men — Kevin Merrill of Maryland, 53, Jay Ledford of Texas and Nevada, 54, and Cameron Jezierski of Texas, 28 — falsely claimed to be investment professionals and used a fake portfolio to defraud hundreds of investors. Attorney for the District of Maryland, Robert Hur, said. “It’s Federal prosecutors have charged three men who allegedly ran a $364 million Ponzi scheme.

MainStreetEXPO.com Aims To Help Small Merchants With New Platform

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The website is now being piloted with retailers from Montana, Colorado, Texas, New Mexico, Massachusetts and Maryland. Registration is open for small merchants at MainStreetEXPO.com , a website created to assist local companies with selling to a larger market, according to a Friday (Oct.

On-Demand Webinar: Your Path to Profitability with Cannabis

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Cary Milstein , an early entrepreneur in the medical cannabis sector, and one of the first licensees to reach commercial operation in the state of Maryland, will discuss the hurdles faced in taking a cannabis operation from license through commercial operation.

US Senate Fails To Pass Additional SMB Aid

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Ben Cardin, a Maryland Democrat, objected to Republican Senate Majority Leader Mitch McConnell’s motion to approve more loans for small business funding, the reported said.