Blog

My goal today is to simplify your options.There is so much noise, and so many conflicting voices about all of this, that I wanted to give you an authoritative, basic rundown of what's being made available to you and other Baltimore small business owners by the federal...

Let's start today with a couple questions I've been getting here at Belvedere Tax Group from our Baltimore small business clients about the second round of the PPP, and some of the new provisions of the recent bill that affect businesses.If I received the first PPP,...

Last week, when I wrote my message to our Baltimore business clients, the biggest news was the second round of the PPP, and that expenses covered under the first round of it would be tax deductible.Has anything happened since then?Goodness, even just the "mere" fact...

Wow, does it ever feel good to have turned the page on 2020. This first "working week" is when I finally began to feel the newness of it all.Yes, it's "just a date" on a Gregorian calendar, but ...2021 holds great promise for our Dundalk business clients. With the...

It's going to take us many weeks to digest everything in this massive omnibus of a relief bill that the President signed on Sunday night.And with year-end barrelling at us (2021 is on FRIDAY), it's unlikely that we will be able to make substantive action on your...

So, this is flying under the radar in the ending of 2020 ... an IRS official just publicly stated that they are massively ramping up audits next year.It was at an event for the AICPA (American Institute of Certified Professional Accounts), and it happened Tuesday:“The...

Well, Congress seems to have heard the cries of the huddled masses of SMB's around the country, and more PPP funding is (seemingly) on the way.Details aren't finalized yet as of this writing, so I will have more to say on these matters in future weeks.Even these early...

Maybe I'm writing this today because we're very much feeling the end-of-year crunch here at Team Belvedere Tax Group.Really, we only have a few business days left before 2020 is in the rearview. Yes, my heart wants that to happen YESTERDAY, but my business brain wants...

2021 is hurtling at us, isn't it? May it ever come sooner.Well, except for this part:I'm here to remind you that while we can (and, often, do) do wonders with "after the fact" tax return information, the best work we can do for you and your Baltimore business is to...

There's both good news (for some) and bad news (for many) as we round the corner into December.And I'm not talking about our culture, or politics, or sports, or anything like that.I'm talking about TAXES.I'll start with the good news. This is applicable to some of my...

One of my favorite pieces of reading every year is the IRS Criminal Investigations unit's annual report.Yes, I'm a nerd.Here's the link in case you are a similarly inclined Baltimore taxpayer(although I seriously doubt that).Oh, and yes, the IRS has their own cops.One...

With all of the insanity of 2020, it seems a bit crazy (and a bit of a relief, to be frank) that we now find ourselves in Thanksgiving week in Baltimore.I have some thoughts, which are perhaps a bit more meditative than normal, because of how this holiday works for...