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Here’s Why Maryland Paid the IRS $5.4 Million in Taxes

CPA Practice

2—Maryland has paid $5.4 The revelation of tax withholding issues leads Handwerger to want “to know more about how much the state of Maryland relies on its own resources versus outsourcing,” such as expert accounting services. But I don’t think it’s malicious or cause for concern for the average Maryland taxpayer.”

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Cherry Bekaert Acquires DeBlanc, Murphy & Murphy in Maryland

CPA Practice

Top 25 accounting firm Cherry Bekaert has acquired DeBlanc, Murphy & Murphy, a Waldorf, MD-based CPA firm specializing in accounting, tax, and advisory services. Financial terms of the deal weren’t disclosed. The combined team will operate under the Cherry Bekaert brand.

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How to Turn a Shortage of Accountants Into an Opportunity for Businesses

CPA Practice

An accounting undergraduate will take 30 more credit hours than their peers in other majors, and the “reward” for that sacrifice is paying thousands of dollars for CPA exam prep classes, not to mention another $1k+ just to take the test. in finance and accounting from the University of Maryland Robert H.

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Federal Judge Sides With Maryland in Digital Ad Tax Dispute

CPA Practice

By Emily Opilo, The Baltimore Sun (TNS) A federal judge has sided with Maryland in a dispute over the state’s digital advertising tax, dismissing a claim filed by the U.S. At the time, the Maryland General Assembly overrode a veto from then-Gov. The law taxes revenue that digital advertising providers collect on ads shown in Maryland.

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Maryland Joins IRS Direct File Program For 2025

CPA Practice

By Sam Janesch Baltimore Sun (TNS) Marylanders who have relatively straightforward tax returns will have the chance to ditch independent—and sometimes costly—tax preparers and instead file their federal taxes directly with the IRS for free in 2025, state and federal officials said Wednesday. Treasury Deputy Secretary Wally Adeyemo.

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State CPA Societies in Action: Illinois CPA Society

CPA Practice

Founded in 1903, the Illinois CPA Society (ICPAS) is one of the largest state CPA societies in the nation, with the core mission of “enhancing the value of the CPA profession” through meaningful and convenient education, timely and relevant information, influential advocacy, and countless opportunities to make powerful professional connections.

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Thousands of 1099-G Tax Forms Sent to Incorrect Addresses in Maryland

CPA Practice

4 by the Maryland comptrollers office warned. A printing malfunction caused about 6,000 1099-G forms to end up at the wrong addresses,a notice posted Feb.

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