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Gross Mendelsohn Blog

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Len Rus

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Construction & Real Estate  |  Government Contractors  |  Healthcare  |  Manufacturing & Distribution  |  Nonprofit  |  Service Businesses

Expenses Related to Forgivable PPP Loans Are Not Tax Deductible

There’s a new wrinkle related to the Paycheck Protection Program (PPP). The IRS just announced that expenses related to forgivable loans through the PPP will not be tax deductible.

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Construction & Real Estate  |  Government Contractors  |  Healthcare  |  Manufacturing & Distribution

Tax Credit for Maryland Businesses That Take Cyber Security Measures

There’s excellent news for Maryland businesses and it comes in the form of a tax credit. If your business has purchased cyber security goods or services from a Maryland cyber security company, congratulations. You’ve taken a smart step toward protecting your business from hackers. The promising news doesn’t stop there. There’s also a strong chance you’ll be eligible for a tax credit.

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Construction & Real Estate  |  Government Contractors  |  Manufacturing & Distribution

The Wayfair Decision Will Significantly Impact Online Sellers

Sales and use tax compliance has changed significantly with the recent U.S. Supreme Court decision in South Dakota v. Wayfair, Inc. The changes especially impact online sellers.  It’s imperative that you understand where your business has nexus and how the recent ruling might impact your taxes and reporting requirements.

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Construction & Real Estate  |  Government Contractors  |  Manufacturing & Distribution

States Can Now Collect Sales Tax from Online Retailers, Thanks to U.S. Supreme Court Ruling

On June 21, 2018, the United States Supreme Court passed a landmark ruling that will permit individual states to collect sales tax from online retailers.

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Construction & Real Estate  |  Government Contractors  |  Healthcare  |  Manufacturing & Distribution  |  Nonprofit

IRS Extends Transition Relief for Maryland Health Saving Accounts and High-Deductible Health Insurance Plans

This post was updated on March 7, 2018 to reflect new guidance issued by the IRS.

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Construction & Real Estate  |  Government Contractors  |  Healthcare  |  Manufacturing & Distribution  |  Nonprofit

3 Things You Need to Know About the IRS’ New Withholding Calculator and Form W-4

With the passing of the Tax Cuts and Jobs Act (TCJA) in December 2017, the IRS has been working diligently to keep up with the changes of the law. On March 1, 2018, the IRS released a new withholding calculator for individual taxpayers and an updated Form W-4.

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