How to Account for Debt Securities
U.S. Treasury bills are short-term obligations sold at a price less than their face value. Treasury…
Senators Introduce Bipartisan Bill to Improve IRS Inefficiencies
On July 26, 2018, Senators Rob Portman (R-OH) and Benjamin Cardin (D-MD) introduced the Protecting Taxpayers…
Department of Labor’s New Focus During Retirement Plan Audits
Most employers are terrified at the thought of being audited by a regulatory agency. Retirement plan…
Top Tax Question for Law Firm Partners: Should I Participate in State Composite Filings?
Many law firms operate in more than one state. Oftentimes, this requires partners or shareholders to…
Maryland Tax Alert: Comptroller Submits Draft Emergency Regulations in Response to Wayfair
On August 2, 2018, the Maryland Comptroller submitted a proposed emergency regulation to the General Assembly…
Maryland Bolsters Cybersecurity Tax Incentives
Legislation recently enacted by the General Assembly makes Maryland the first state to incentivize both the…
What Does the Passing of D.C. Initiative 77 Mean for Restaurant Owners?
On June 19, 2018, also known as D.C. Primary Day, D.C. residents voted in favor of…
D.C. Enacts New Retailer Tax Credit, Higher Sales Tax Rates and More
On July 30, 2018, the District of Columbia enacted emergency budget legislation, B22-0901, for the fiscal…
Tax Reform 2.0 Framework Focuses on Families and Entrepreneurs
As promised by House Ways and Means Committee Chairman Kevin Brady (R-TX) earlier this summer, a…
Audit Preparedness and You
Audit season is starting up for organizations with December 31st year ends. Nothing really rings in…