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Grant and Loan Programs for Small Businesses and Nonprofits You Might Not Be Tracking

By now you are aware of the Economic Injury Disaster Loan (EIDL) and the Paycheck Protection Program (PPP), small business programs set forth by the Small Business Administration (SBA). These programs have a set pool of funding available, which, due to high demand, Congress is looking to expand further in new stimulus bills. There is no […]
April 15, 2020

Maryland Commerce Department, Montgomery County, Prince George’s County, and District of Columbia Announce Disaster Recovery Loan Programs

This blog was updated as of 4/24/2020.  Montgomery County, MD On March 31, 2020, Montgomery County, Maryland passed the Public Health Emergency Grant Program. The program entails the following: Public Health Emergency Grant Program: Application PHEG will stop accepting applications at 5 p.m. on Saturday, April 25. This $20M loan fund offers grants to small […]
April 15, 2020

Refundable Tax Credit For D.C. Retail Businesses

Businesses in the District of Columbia should not overlook the Small Retailer Property Tax Relief Credit. The term “small retailer” implies a narrow scope of eligible businesses, but the credit applies to more business activities than the program’s name suggests. Plus, the credit is easy to claim and refundable.  For tax years beginning on or […]
February 4, 2020

How Will Minimum Wage Increases Affect Your Restaurant or Hotel Business?

While recent changes to the minimum wage have had a big impact on the restaurant and hotel industries, business owners should be aware that we expect to see another wave of increases over the next couple of years.  Staying ahead of the curve and knowing when these changes are set to occur will greatly reduce […]
September 3, 2015

What Nonprofits Need to Know About DC’s Wage Theft Prevention Act

Nonprofits with employees in the District of Columbia should be aware of a new DC law that will require an additional employment form for every employee. The Wage Theft Prevention Amendment Act of 2014 applies to all employers operating in DC, including exempt organizations. The Act, drafted by Mayor Vincent Gray last year, has already […]
April 24, 2015

New Limitation to D.C. High Technology Tax Incentives (QHTC)

The D.C. Council recently enacted legislation that will result in a number of D.C. taxpayers no longer qualifying for certain high technology tax incentives. On October 10, 2014, the  Council narrowed the definition of “Qualified High Technology Company” (QHTC) with an amendment to the District’s Fiscal Year 2015 Budget Support Congressional Review Emergency Act of […]
November 3, 2014

Navigating Sales Tax Complexities for Construction Companies: An Aronson Q&A

Q. How do you file for a refund in Maryland for sales tax paid on purchases for exempt jobs in the District of Columbia? A. Maryland requires contractors to pay sales tax on all purchases of materials that will be incorporated into real property as part of a construction contract. However, Maryland allows contractors to […]
July 30, 2014

D.C. Tax Reform Passes After Council Overrides Mayor’s Veto

On July 14th, the District of Columbia Council voted 12 to 1 to override Mayor Vincent Gray’s veto of the District’s Fiscal Year 2015 Budget Support Act of 2014 (B20-0749).  The legislation includes tax rate decreases for both individuals and businesses, as well as the heavily publicized “yoga tax” (i.e., sales tax on health club […]
July 28, 2014

One Contractor, Two Bids, Three Different Sets of Sales Tax Rules

State sales tax rules vary significantly for construction contractors doing business in the DC region, and can substantially affect the final cost on a contract. For instance, a Virginia-based contractor bids on two separate construction contracts for a federal government agency. Both of the contracts are for the construction of a building, one contract will […]
July 22, 2014

Are Lower Tax Rates Coming to D.C.?

Many taxpayers in the District could be paying less tax in years to come if the tax reform proposals of the D.C. Tax Revision Commission are ultimately enacted. The recommendations include reductions in tax rates for both individual and business taxpayers. The Commission, which finalized its recommendations on December 18, 2013, is an 11-member independent body appointed […]
January 5, 2014