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 tax year. The form was revised to take into account changes from the Tax Cuts and Jobs...

Considering a Business Relocation?

When the wind is at your back, you can afford to endure a relatively high cost structure and intangible negatives associated with where you operate your business. However, good times don’t last forever and the idea of relocating your company to a more favorable...

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 struggled to keep health benefit costs down. If you’re not covered by one now, you...

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 loan agreement. This can be a powerful way to invest surplus cash. But it’s not...

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 on a retail sale or sale for use by a marketplace seller to a buyer in Maryland. A...