Blog – MSATP

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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Celebrating 65 Years of Excellence: The Maryland Society of Accounting and Tax Professionals

As the Maryland Society of Accounting and Tax Professionals (MSATP) proudly celebrates its 65th anniversary, it reflects on its rich history, impact, and vision for the future. Founded with the mission to serve and support accounting and tax professionals across Maryland, MSATP has grown into a vibrant community dedicated to excellence, education, and advocacy. The …
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The Stop Scam Tax Preparers Act: Safeguarding Maryland Taxpayers with MSATP’s Advocacy

The Maryland Society of Accounting and Tax Professionals (MSATP) has long been a stalwart advocate for ethical practices in the tax preparation industry. Our recent triumph in supporting the passage of the Stop Scam Tax Preparers Act (Senate Bill 675) underscores our commitment to protecting Maryland taxpayers from fraudulent tax preparers who exploit the most …
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Maryland SALT Cap (2023 Update)

For the 2023 tax year, Maryland has updated its rules regarding the state tax cap on federal returns and what to do for Maryland returns. Here’s the updated information compiled from the MarylandTaxes.com website: Instructions for FORM 502 — itemized deduction calculation: “Copy the amount from federal Form 1040, Schedule A, line 17, Total Itemized …
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Maryland Society of Accounting and Tax Professionals Opposes House Bill 1515: Proposed Legislation Threatens to Burden Practices and Clients

The Maryland Society of Accounting and Tax Professionals (MSATP) strongly opposes House Bill 1515, which aims to reduce the sales tax rate while simultaneously expanding it to cover a wide range of services. If enacted, this misguided legislation would place undue burdens on accounting and tax practices, as well as on the individuals and businesses …
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