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IRS offers relief on Maryland college savings rollovers

Accounting Today

The Internal Revenue Service and the Treasury Department issued a notice to provide relief to parents who got snagged by problems with Maryland's prepaid college savings program.

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RSM Acquires Maryland Firm Wise Consulting

CPA Practice

RSM US LLP acquired the equity of Timonium, Maryland-based Wise Consulting Associates, Inc., The leaders and staff of Wise Consulting, a human capital management technology consulting firm, are joining RSM. on May 1, 2023.

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

Patriot Software

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. You must make payroll changes and provide written notices to your employees.

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RS&F Acquires Mister, Burton & Associates in Maryland

CPA Practice

A deal between two Maryland CPA firms commenced a couple weeks ago, as top 300 accounting firm Rosen, Sapperstein and Friedlander (RS&F), based in Towson, acquired Hunt Valley-based Mister, Burton & Associates (MBA). Financial terms of the transaction weren’t disclosed.

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The Best States for Minority Entrepreneurs

CPA Practice

Wyoming, South Dakota, North Dakota, New Hampshire, Montana, Maine, Utah, Kansas, Minnesota, Maryland, Idaho, Oregon, Colorado, Missouri, Nebraska, Florida, Ohio, Wisconsin, and Massachusetts also made the list. California, Georgia and Maryland), only Maryland made the top 20 list.

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

PYMNTS

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. Larry Hogan vetoed the levy. Larry Hogan vetoed the levy.

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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’s move is not without complications (see below), but it does seem to signal a new wave of taxation. And what are some of the larger issues?

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