News For Your Week Ahead: February 22, 2021

Are you looking for a safe and secure payment processing system for clients paying via credit or debit card? USB Payment Processing is your go to solution for secure and accurate payments which reduces the chances of charge backs. Visit their website for more information.

Watch on YouTube.

Taxpayers Must Report Gig Economy Income On Their Tax Return

In 2020, many people joined the gig economy to help make ends meet during the pandemic. Whether it’s a side business or a primary source of income, all taxpayers need to understand how their gig work affects their taxes. The bottom line is taxpayers must report gig economy income on their tax return.

For more information on the gig economy, please click here.

New COVID Relief Law Now Signed | Checks Start This Week
The Maryland Legislature passed Governor Larry Hogan’s Maryland RELIEF Act of 2021 this past Friday and the bill was signed into law on Monday, February 15. Beginning TODAY, Tuesday, February 16, Comptroller Peter Franchot and the staff of the Comptroller’s Office will begin processing more than $200 million in payments to our most vulnerable families, people stuck awaiting decisions on their unemployment insurance claims, and struggling businesses and nonprofit organizations.

Visit the RELIEF Act Information page on the marylandtaxes.gov website to:
• check eligibility for payments
• watch a video from Comptroller Franchot
• read Frequently Asked Questions
If you have any RELIEF questions, call (833) 345-0787 or email ReliefAct@marylandtaxes.gov.

Sales and Use, Tobacco Taxes | Digital Advertising Tax Imposed, Tobacco Taxes Increased

The Maryland Senate voted to override Gov. Larry Hogan’s veto of a bill that taxes digital advertising in the state. The legislation was vetoed by Gov. Hogan on May 7, 2020. Tobacco taxes are also increased under the bill. Digital Advertising Tax Digital advertising includes ad services on a digital interface, including banner ads, search engine ads, interstitial ads, and other comparable types of ads.

To learn more please click here.

#TechTips: Betamax and Bank Feeds

In this installment of #TechTips, we discuss the integration of bank feeds and the cloud. ⁠The cloud has been billowing in our skies for the better part of a decade now.  Visions of bank feeds and seamless integrations have beckoned us to journey towards the mythical land of Paperless Office, just outside of the famed Shangra-La and not too far from Atlantis.

Continue reading more on our blog.

Working From Home: Why Is My Internet So Slow?

In this week’s blog we discuss internet bandwidth and how it has an effect on things like zoom meetings and general productivity as you are now working from home. Many may have felt all things internet were so much faster while at the office. We are here to help explain why and what you can do to correct this problem.

Continue reading more on our blog.

Grab your favorite cup of coffee and join your fellow tax professionals for a morning coffee hour! This is your chance to talk shop, make connections, and discuss your current tax season issues…

Event Details:

  • Date: Wednesday, February 24, 2021
  • Time: 9:00 a.m. – 10:00 a.m.
  • Cost: Free!

Location: Zoom Meeting