Blog – MSATP

Legislative Breakfast: Bringing Practitioners and Policymakers to the Same Table

As Maryland’s legislative session approaches, the Maryland Society of Accounting and Tax Professionals recently hosted its annual Legislative Breakfast, creating space for meaningful conversation between tax and accounting professionals and state policymakers. The breakfast brought together practitioners from across the state alongside Maryland Delegates and Senators, as well as leadership from the Comptroller of Maryland. …
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MSA Scholarship Foundation Awards Fall Semester Scholarships

The MSA Scholarship Foundation is proud to announce that we have awarded 19 scholarships totaling $22,500 to outstanding students pursuing their education in accounting and related fields this fall semester. Each scholarship, valued at either $1,250 or $625, was given to deserving students across institutions including Towson University, University of Maryland, Stevenson University, Howard University, …
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Talking Taxes Together: Your Client Guide to OBBBA’s Permanent Lower Individual Rates

As your trusted partner, MSATP is here to help you guide your clients through the permanent extension of lower individual tax rates under the One Big Beautiful Bill Act (OBBBA). We’ve distilled the most important legal updates into client‑friendly language, provided proven messaging frameworks, and assembled practical, step‑by‑step tips you can use today—so you can …
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Celebrating Leadership, Legacy, and Community at the 2025 MSATP Annual Banquet

On Friday evening, the Maryland Society of Accounting & Tax Professionals (MSATP) hosted its 2025 Annual Banquet at Ruth’s Chris Steakhouse in Pikesville, MD. The evening was filled with warmth, reflection, and a strong sense of community as members came together to celebrate another impactful year of leadership, service, and professional excellence. Welcoming the 2025–2026 …
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MSATP Takes Stand Against Proposed Tax on Accounting Services

March 15, 2025 This week, MSATP Executive Director Giavante’ Hawkins testified before both the House Ways and Means Committee and the Senate Budget and Taxation Committee in opposition to House Bill 1554 and Senate Bill 1045, which would impose a new 2.5% sales tax on accounting and tax services provided to business entities. Our Message …
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Maryland Society of Accounting and Tax Professionals Champions CPA Mobility Through Senate Bill 51

The Maryland Society of Accounting and Tax Professionals (MSATP) took a strong stance on advancing the accounting profession as representatives testified before the Senate Education, Energy, and the Environment Committee on January 30, 2025, advocating for Senate Bill 51. This important legislation aims to streamline CPA mobility requirements, making it easier for qualified CPAs from …
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Navigating the Proposed Changes to Circular 230: What Tax Professionals Need to Know

The Department of the Treasury and the Internal Revenue Service (IRS) have recently proposed significant updates to Circular 230, the regulations governing practice before the IRS. These changes aim to modernize the rules to better align with current tax practice and technological advancements. Key Proposed Changes: Removal of Obsolete Provisions: The proposed regulations suggest eliminating …
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A Festive Celebration of Community and Excellence at the MSA Holiday Soirée

The holiday season is a time of joy, connection, and reflection, and this year’s MSA Holiday Soirée was nothing short of spectacular. Hosted amidst the warm and cheerful ambiance of the season, overlooking the lake at the Merriweather Lakehouse in Columbia, MD, this event brought together members of the Maryland Society of Accounting and Tax …
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Navigating the BOI Reporting Injunction and Compliance Recommendations

The Maryland Society of Accounting and Tax Professionals (MSATP) acknowledges the recent federal court decision temporarily halting the enforcement of the Corporate Transparency Act (CTA) and its Beneficial Ownership Information (BOI) reporting requirements. This development introduces uncertainty for many small businesses and their advisors. In alignment with the American Institute of CPAs (AICPA), which has …
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The Maryland Society of Accounting and Tax Professionals Condemns TurboTax’s New Commercial, Undermining the Value of Licensed Tax Professionals

The Maryland Society of Accounting and Tax Professionals (MSATP) expresses deep concern over TurboTax’s recent advertising campaign that promotes the use of “live experts” as an alternative to working with licensed tax professionals. The commercial undermines the expertise, long-term client relationships, and comprehensive support that only qualified tax professionals can provide while failing to deliver …
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