Frequently asked questions about business taxes in Maryland could easily fill many pages, but we will try to cover some of the most common topics here. Business owners often ask about shipping and handling charges, tax exemptions, and resale certificates, by way of example.

A Maryland business tax attorney can answer your specific questions and help you stay in compliance with our state and federal tax regulations. Here are a few Maryland business tax FAQs.

You can use life insurance to fund your estate planning goals for your family, your business, and your charitable giving. Different kinds of life insurance coverage can provide options that can protect what is important to you.

Members of a limited liability company in Maryland enjoy certain financial protections, the most important of which is that people cannot sue them and take their personal assets, such as their home or bank accounts, to satisfy judgments against the limited liability corporation. As with many legal concepts, however, there are exceptions to this general rule.

Small businesses need to invest time in developing contracts they use for their business. Contracts protect the business in case of disputes and lawsuits. A Maryland contracts attorney assists small business owners in negotiating contracts, drafting terms and conditions, and representing the company when there is a dispute or breach of contract.

We have all heard that it is important to have a will or trust, but many people do not clearly understand the differences between the two documents. In this article, a Maryland trust attorney discusses the differences between a living trust and a will.

The purpose of the Employee Retention Credit of the CARES Act is to give employers financial incentives to keep their workers on the payroll during the COVID-19 pandemic. To help you understand Employee Retention Credits under the CARES Act, we will first discuss the CARES Act's initial legislation and then explain how later legislation modified and extended employee retention credits.

If you’re delinquent on your taxes, there is little you can do to escape paying what you owe. While it might be tempting to run from your tax problems, the IRS will eventually find you.

Fortunately, the IRS has created a Fresh Start Initiative offering relief to individual taxpayers and small businesses. However, as with most government programs, the rules about how to qualify for tax relief can be confusing.

Your business can't grow and succeed without properly understanding the legal risks it faces. The following are some of the big mistakes made by startup businesses, straight from an experienced Maryland business attorney.

Secure your future with confidence: Learn how to obtain a Power of Attorney in Maryland, with support from a Maryland estate planning attorney.

This article suggests a new approach to contracts that better serves the parties’ respective interests by memorializing a commitment to long-term goals and establishing governance protocols.

Learn how to keep track of your business income and expenses, evidence for tax returns, where you should store records, the best ways to organize receipts so they are easy to find later.

Tax evasion is the intentional failure to pay federal taxes owed to the government. Tax avoidance is taking lawful actions to lessen tax liability to maximize after-tax income. Learn more here.

On March 17, 2021, the Treasury Department and IRS announced they would again provide special tax filing and payment relief to individuals and businesses in response to the ongoing COVID-19 pandemic. Read on to learn more.

As you piece together your business framework, one of the first decisions you will make is your business structure. In Maryland, as in most states, the most popular business structures small business owners choose between are sole proprietorships vs. single-member LLCs.

You do not have to do the work yourself just because someone selected you as the administrator of their estate. You can hire a professional, like a Maryland estate administration attorney, to handle the many responsibilities of administering the estate. Whether you decide to handle the estate yourself or work with a professional, you need to know about the general process. To get you started, here are nine steps to effective estate administration:

Learn how to manage the financial side of your business so you can get back to providing the goods or services that are the backbone of your company. Here are the top 10 small business bookkeeping tips from a Columbia, Maryland business tax attorney.

Trusts offer unique advantages and greater flexibility than wills, making them a popular estate planning tool. Your personal circumstances and legacy objectives will guide which type of trust you select to meet your needs.

Small business owners need to keep their eyes on several things that can affect their taxes in 2021. The Tax Cuts and Jobs Act of 2018 significantly changed the taxation of small businesses. There have been tax incentives and programs to help businesses survive financially during the COVID-19 pandemic. Also, small businesses are subject to several types of taxes even when there are no pandemics or new tax code provisions.

Paying taxes during retirement is a harsh reality that many people are not prepared for when they retire. The key to reducing tax liability during retirement is early planning. If you wait until you retire, it may be too late to take advantage of some retirement-planning strategies.

Individuals and businesses in Maryland have state and federal solar incentives available to encourage them to invest in solar PV (photovoltaics). A Maryland tax attorney can answer your questions about what’s available in 2021 for solar tax credits.