Maryland news

Tax

Broke states and broken promises

According to a recent report from the National Association of State Budget Officers and the National Governors Association, state fiscal conditions "have continued to worsen" and state revenues can be expected to lag behind a national economic recovery by one to three years.
Tax

Fear factor: Intimidating print, TV ads used in amnesty program

Tax amnesty can be an effective way for a taxing authority to quickly fill its coffers, clear a lot of names off the delinquency list, and help balance the budget. States do it from time to time, though critics warn that it can undermine regular collections if taxpayers begin to sense a pattern.
Workplace Fitness

MACPA working to reduce stress, promote laughter, improve relationships

The Maryland Association of Certified Public Accountants has initiated a wellness program to encourage staff to be healthy and happy. It isn’t a weight-loss program or even a fitness program as much as it is a way to reduce stress, connect with others, and be healthier.
Education & Careers

SIFE members' passion for business can be powerful force for change

Students In Free Enterprise, an international non-profit network of students, academics, and business leaders working with businesses and higher education organizations, is in the midst of its regional and national competitions.
Education & Careers

Accounting Scholarship Programs

AccountingWEB has compiled a list of scholarship opportunities for accounting students.
AccountingWEB Life

Accounting music video launches in time for holiday

"If I Were an Auditor," a song parody of "If I Were a Carpenter," is the first ever music video about accounting performed and filmed in the virtual world of Second Life.
Tax

Nine states and District of Columbia will file tax returns in new locations

The Internal Revenue Service has announced that some taxpayers who file paper income tax returns will send them to different processing centers this year. 
Community News

Two Baltimore accounting firms announce merger

Gorfine, Schiller & Gardyn, P.A., (GSG) of Owings Mills and Hagerstown, Maryland, and Baltimore’s Bernard B. Cohen & Company LLC (BBC) have merged combining forces to provide a comprehensive menu of accounting, financial, and consulting services for businesses and individuals throughout Maryland.
Tax

IRS issues proposed regulations on new basis reporting requirement

The Internal Revenue Service has issued proposed regulations under a new law that will require reporting of basis and other information by stock brokers and mutual fund companies for most stock purchased in 2011 and all stock purchased in 2012 and later years.
Education & Careers

State hiring credits on the governor's agenda in Maryland

Maryland Governor Martin O'Malley is pushing hard for a state tax credit – among other measures – that is intended to help his state get people off the unemployment rolls and back to work.
Tax

New per diem rates released for travel expense reimbursements

The IRS has updated the rules for determining the amount of an employee's ordinary and necessary business expenses for lodging, meals, and incidental expenses while traveling away from home.
Community News

Mid-Atlantic region sees merger of Beard Miller and Parente Randolph

ParenteBeard LLC has been created from the merger of two large Mid-Atlantic accounting firms - Parente Randolph and Beard Miller Company.
Community News

Two Bethesda CPA firms announce merger

Calling the merger of his firm with C.J. Becker & Associates PC “a great fit,” president Bill Caldwell says the union will make Caldwell & Co. PC a bigger player in the middle market.
A&A

Parente Randolph and Beard Miller Company announce intent to merge

Two of the top 40 accounting and consulting firms in the United States – Parente Randolph LLC and Beard Miller Company LLP – announce their intent to merge.
Tax

Tax preparer performance standards to be discussed at public forum

Public forum will address review of paid preparers and produce recommendations to boost taxpayer compliance.
Education & Careers

Top business and accounting graduate schools ranked

For everything, there is a ranking. Accounting and business schools are no exception.
Community News

Maryland CPAs select leadership for 2009-10

The Maryland Association of Certified Public Accountants recently appointed new officers to its board of directors.

Morningstar ranks the best and worst 529 plans this year

Morningstar, the global investment research firm has published its annual list of the best and worst 529 plans – when it comes to earning long-term returns for college savers – and the overall opinion smacks of optimism. Some of the worst plans from years past have folded up and gone away, while others continually strive to improve. Here are the criteria that separate the best plans from the worst: Flexibility. As Morningstar points out, no savings plan is one-size-fits-all.

Sales tax holidays: Love them or hate them?

More than a dozen states and the District of Columbia have sales tax holidays that last at least a couple of days each year, some last much longer. Usually the holiday coincides with back-to-school time to give parents a break on outfitting their kids with necessities. What consumers can buy during the sales tax holidays varies by state, but generally includes clothing, shoes, classroom supplies, and computers, often with a dollar limit. Another popular item that pops up in sales tax holidays is energy efficient appliances for the home.

DC accounting firm closes office for community service day

SC&H Group, LLC - one of the fastest-growing accounting and consulting firms in the nation - will host their 2nd Annual Day of Service on Friday, June 27, 2008.The SC&H Group offices in Sparks, MD and McLean, VA will be closing on this day so that all firm employees can work on various community improvement projects throughout the Baltimore and Washington, DC areas.

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