U.S. Taxpayers Subject to Foreign Digital Economy Taxes without Physical Footprint
Historically, certain types of foreign taxes in a foreign country may not have applied to U.S.…
Maryland’s RELIEF Act Expands Pass-through Entity Tax Election to Apply to Nonresidents
On February 13, 2021, the Maryland legislature approved Governor Larry Hogan’s Recovery for the Economy, Livelihoods…
Maryland’s RELIEF Package Provides Sales Tax Credit for Small Businesses of up to $12,000
By Michael Colavito and Leighton Regis On February 13, 2021, the Maryland legislature approved Governor Larry…
Maryland Legislature Overrides Governor’s Veto to Enact Digital Advertising Tax and Sales Tax on Digital Products
Maryland has become the first state in the country to enact a tax specifically imposed on…
Who Should Your First Accounting Hire Be: Controller, Senior Accountant, or CFO?
Congratulations on successfully establishing your business and beginning operations! Now that you’re up and running, you…
International Tax M&A Due Diligence for U.S. Government Contractors
Many U.S. government contracting companies are continuing to expand their global footprint by performing contracts in…
How to Handle Missing or Lost Retirement Plan Participants
Missing or lost retirement plan participants has been an issue for employers for many years with…
When to File CFC Interest Expense Limitation Elections
The TCJA U.S. Federal tax reform legislation enacted a business interest expense limitation applicable to U.S.…
Nonprofit Donations: To Accept or Not Accept, That is the Question
It’s a two-prong question all nonprofit organizations need to answer. First, what donor restrictions are nonprofits…
New International Tax Reporting Required with Partnership and S Corporation Tax Returns
In recent years, the IRS has continued to emphasize U.S. international tax reporting as a high…