Ocean City, MD 21842
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Month: June 2021

The IRS is Resuming Collection & Enforcement Activities That Were Paused During COVID-19

The IRS is Resuming Collection & Enforcement Activities That Were Paused During COVID-19
The IRS is reporting that it is resuming “certain collection and enforcement processes that had been suspended because of the coronavirus pandem…

3 Reasons Paying Your Bills Early Will Benefit You


Paying your bills early each month can benefit you in the long run by raising your credit score, improving your credit utilization, and saving you on …

Tax Deductions Related to Charity Auctions

Tax Deductions Related to Charity Auctions
It is common practice for charities to hold auction events where attendees will bid upon and purchase items. The questions often arise whether (1) the…

COVID-19 Vaccination Proof: What’s Allowed?

COVID-19 Vaccination Proof: What's Allowed?
As more employers bring employees back to the workplace and navigate new CDC guidance on mask-wearing, they may have questions about whether they can …

2021 – the Year of Substantial Tax Breaks for Families with Children and Lower-Income Taxpayers

2021 - the Year of Substantial Tax Breaks for Families with Children and Lower-Income Taxpayers
This is an overview of the several tax benefits that were included in the American Rescue Plan Act recently passed by Congress that will impact famili…

Video tip: American Expats–Don’t Miss the June 15 Tax Filing Due Date

The June 15 due date for American citizens and resident aliens living in another country to file their U.S. tax return is here! If you need help to finish your return or to file an extension, please give us a call as soon as possible.

Exit Strategy: How to Create One for Your Small Business

Exit Strategy: How to Create One for Your Small Business
If you’re a small business owner, have you thought through your exit strategy? It’s important to do so, whether you choose a liquidation, sale of …

Haven’t Received Your Tax Refund Yet?

Haven't Received Your Tax Refund Yet?
You are not alone. We have been hearing from clients who are still waiting on refunds from returns filed early in the year. In normal times, unless th…

Taxes and Divorce

axes and Divorce
If you are recently divorced or are contemplating divorce, you will have to deal with or plan for significant tax issues such as asset division, alimo…

Accounting for Restaurants: A Guide to Setting Your Business up for Success

Accounting for Restaurants: A Guide to Setting Your Business up for Success
It’s crucial for restaurant owners to focus on accounting and bookkeeping, even if it’s not the flashy part of their business. Here’s a guide to…

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