I have been discussing the Tech Tax since the General Assembly considered it during its 2025 Annual Session. As you are aware, starting July 1, 2025, Maryland will expand its sales and use tax to cover various technology and information services, including Software-as-a-Service (SaaS). But here’s the twist:...
As of this writing, we are about one month away from the implementation of a new sales tax on certain technology-related services. The Maryland Comptroller's Office has published emergency regulations to implement the tech tax. This is a fast-moving matter, and to be frank, I...
At the start of the 2025 Maryland General Assembly session, lawmakers faced a $3.3 billion structural deficit. Although Governor Wes Moore proposed a broad-based 2.5% sales tax on most business-to-business services, the Governor and the General Assembly leaders restructured the Budget Reconciliation and Financing Act...
It is just a matter of time. The Supreme Court's decision in South Dakota v. Wayfair, Inc., has paved the way for states to begin implementing a sales tax on online sales. Well, actually, for most states online sales have still been subject to sales tax,...
As I read through materials over the course of the week, some things hit me as something to be written about more in depth on this blog, but some just, while interesting, just don't make it to the "write more about" list. Here are some...
Tax season is upon us my friends and that means your accountant is about to get truly stressed. You might be getting stressed too, but I hope not--that is why you pay accountants. If you are anything like me, you hate giving Uncle Sam too much...
The United States Small Business Administration has a post regarding five small business tax credits that may expire at the end of this year. The two that I like most: Break 1: Faster write-offs for buying needed equipment Need to upgrade your computers? Provide staff with tablets...