Blog – Page 17

#TechTips: PracticeProtect

By Jonathan Rivlin, CPA Greetings from the zombypocalypse, my fellow practitioners! In this latest installment of TechTips, we’re going to cover an app called PracticeProtect. The reason for this is that with the rise of distributive working, aka working from home (WFH), an acronym that I didn’t know existed until a couple weeks ago, there’s …
Read more

MSATP Education Update, Notarization Requirements Updated, & Loan Tracker Website

MSATP Education Update MSATP is modifying our 2020-2021 educational offerings to ensure that you, our valued members, stay safe during this time of uncertainty. As always, we will keep you updated on issues that matter most to you as tax and accounting professionals. Please stay tuned to our website and follow us on social media for the …
Read more

Maryland Biz Relief Wizard, IRS Extends More Deadlines, & New Tax Relief Pages

Maryland Business Relief Wizard | Find the Right COVID-19 Support Resources for Your Business There are numerous local and national programs for businesses in need of emergency support, but understanding which options are relevant for your organization can be a challenge. The Maryland Business Relief Wizard is a tool that helps connect businesses with the resources …
Read more

Paycheck Protection Program

Click the links below to download documents you need. Paycheck Protection Program – Borrower Application Form Paycheck Protection Program – Checklist of Documents Required

Maryland Stay-At-Home Order

MSATP’s Position on the Stay-At-Home Order All persons living in the State of Maryland are ordered, effective as of 8:00 p.m. on March 30, 2020, to stay in their homes or places of residences (20-03-30-01). Tax preparation, accounting, payroll, and bookkeeping are still essential businesses. However, it may be necessary for these businesses to provide …
Read more

People First Initiative, State Tax Filing Guidance, & DE & WV Filing Deadlines

IRS Unveils New People First Initiative | COVID-19 Effort Temporarily Adjusts, Suspends Key Compliance Programs (IR-2020-59) To help people facing the challenges of COVID-19 issues, the IRS announced a sweeping series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to postponing compliance actions. These new …
Read more

Families First Coronavirus Response Act (FFCRA) FAQs

By Bob Jennings of TaxSpeaker When is the effective date of the FFCRA? The Department of Labor announced that the paid leave provisions are effective on 4/1/2020 and apply to leave taken between 4/1/2020 and 12/31/2020. I have heard you say this is mandatory for all employers, even if I only have 1 employee. …
Read more

PA Filing Deadline Extended, IRS Q&A, MD Tax Preparers Deemed “Essential Service”

Pennsylvania Extends Personal Income Tax Return Filing Deadline to July 15, 2020 The Department of Revenue today announced the deadline for taxpayers to file their 2019 Pennsylvania personal income tax returns is extended to July 15, 2020. This means taxpayers will have an additional 90 days to file from the original deadline of April 15. …
Read more

Closing All Non-Essential Businesses in MD, & COVID-19 Resources

Closing All Non-Essential Businesses | Order of the Governor of the State of Maryland Maryland Governor Larry Hogan announced today that he is ordering all non-essential businesses in the state to close. For information on which businesses are allowed to remain open, view the press release from the Governor’s office here. Accounting and Bookkeeping firms are allowed to …
Read more

Filing Deadline, COVID-19 Relief Package, 5 Ways to Pay Your Taxes, & More

IRS Will Move Tax Filing Deadline to July 15 as Coronavirus Spreads | CNBC The IRS will move the national income tax filing day ahead to July 15, three months after the normal deadline for Americans to send in their returns. The move announced by Treasury Secretary Steven Mnuchin is the latest in a series of …
Read more