Most business owners have immediate goals for generating a respectable income and long-term goals of retiring to a comfortable, secure lifestyle. To accomplish the latter, you'll...
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How Industry Fits Into the Valuation Puzzle
IRS Revenue Ruling 59-60 is an essential building block of modern appraisal practice. It identifies "the condition and outlook of the specific industry" as one of the...
Five Payroll Tax Developments for 2020
Along with a new year comes new payroll rules. Here are five highlights: 1. Significant revisions have been made to Form W-4.The IRS redesigned Form W-4, beginning with the 2020...
Get off to a Great Start in 2020 with Your Charitable Contribution Plan
When the Tax Cut and Jobs Act went into effect in January 2018, many taxpayers stopped itemizing their returns. The reality, however, is not necessarily black and white. Unique...
These Tax Mistakes Are Easy to Avoid and Costly to Make
Many small business owners approach tax season with a can-do attitude. This entrepreneurial spirit is admirable, but when it comes to compliance, it is usually best to leave tax...
2020 Standard Mileage Rates Announced for Business, Charitable, Medical, and Moving Purposes
The Internal Revenue Service recently issued the 2020 optional standard mileage rates. These rates, which adjust every year to account for inflation of fuel costs, vehicle cost...
How an HSA Can Boost Your Retirement Savings
To have a health savings account (HSA), you generally must be covered by a high-deductible health plan (HDHP) at work. HDHPs have become popular in recent years as employers have...
Should You Pay Down Your Home Mortgage Early?
If you routinely have extra cash on hand after paying off your monthly bills, you might want to consider paying down your home mortgage balance faster than is required under your...
“Passive” Job Candidates Can Be a Great Catch
Passive job candidates aren't lazy. They're just people who aren't actively looking for work because they're happy where they are. But that doesn't mean they might not be even...
Marketplace Facilitators
The General Assembly of Maryland enacted House Bill 1301 during the 2019 legislative session. Under the new law, marketplace facilitators must collect Maryland sales and use tax...
