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Posts Tagged ‘maryland state taxes’

Tax Law: Fiscal Cliff Notes and the Tax ramifications of the American Taxpayer Relief Act of 2012 and Sequester Cuts

The “sequester” recently gobbled up headlines across national media. It has developed so much hype that many may have forgotten they already watched this movie’s first installment earlier in the year called “The Fiscal Cliff.” The American Taxpayer Relief Act was the federal government’s initial solution to the fiscal cliff. It was described as a…

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Maryland General Assembly Update

The 2011 regular legislative session of the Maryland General Assembly was relatively quiet as far as changes to tax law are concerned. Nonetheless, there were a few changes of note for businesses and their owners: The sales and use tax on alcoholic beverages will increase from the generally applicable rate of 6% to 9% on…

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New Tax Law Provides Greater Certainty in Business Tax Planning

Until the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (the “Tax Relief Act of 2010”) became law on December 17, 2010, the fate of a number of existing tax relief provisions were unclear. In the waning days of December 2010, it was widely believed that current tax provisions would be extended…

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