Blog – Page 18

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

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

Important Updates In Response to COVID-19

Maryland Income Tax Deadline Extended to July 15, 2020 | Comptroller of Maryland Following yesterday’s press conference from the White House where it was announced there would be a 90-day extension of the April 15th deadline for federal income tax payments, Maryland Comptroller Peter Franchot has announced that Maryland business and individual income taxpayers will be …
Read more

Collegiate Financial Management Association Started by Young Professionals, for Young Professionals

By: Marie Greenbank The Collegiate Financial Management Association (CFMA) is the brainchild of Wynston Reed and Max Burke, two students from the University of Maryland in the spring of 2018. Wynston reached out to Max wanting to start a club on campus that focused on financial literacy for young professionals. They realized that many of …
Read more

Timely Radio Ads Featuring Local Sports Heroes Dramatically Increase Healthcare Coverage

By Maryland Citizens’ Health Initiative Paid radio advertising featuring local sports heroes has proven to be an effective means of raising awareness of health coverage options among Maryland’s uninsured population. The Maryland Citizens’ Health Initiative Education Fund, Inc. (MCHIEF) first led a Medicaid enrollment campaign featuring Ed Reed, then of the Baltimore Ravens, in radio …
Read more