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All About Tax

A Simpler Tax Experience Is Coming for Maryland Residents

For many Maryland taxpayers, managing state tax obligations has long meant navigating multiple systems, searching for account information and waiting for answers. That experience is about to change. The Maryland Comptroller’s Office is launching Maryland...
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What Proposed Form 990 Changes Could Mean for Nonprofits

Nonprofit leaders may soon see increased scrutiny — and potentially new reporting expectations — when it comes to federal Form 990. The U.S. Department of the Treasury recently announced that the IRS is considering revisions to Form 990 aimed at...
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Trump Accounts: How Contributions Work and What Families Should Know

The passage of the One Big Beautiful Bill (OBBB) introduced a new tax savings vehicle — Trump Accounts — for children under 18. Beginning July 4, 2026, families, employers and even certain government or nonprofit organizations can contribute to these...
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Business Succession Options Explained: Which Path Is Right for You?

When business owners think about succession, many assume there’s only one outcome: selling the business to an outside buyer when it’s time to retire. In reality, there are several viable paths — and the right one depends on your goals, your business and...
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Common Exit Planning Mistakes Business Owners Make

Business owners certainly don’t plan to make mistakes when exiting their business — they simply put off planning altogether. Years of running day-to-day operations often push exit planning to the bottom of the list, until circumstances force decisions...
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The Best Tax Planning Happens Long Before the Sale of Your Business

For many business owners, taxes are one of the biggest unknowns when thinking about exiting their business. Questions like How much will I owe? or What can I do to reduce taxes? often come up — sometimes too late in the process to make a meaningful...
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