There’s a ton of stuff happening across Maryland that directly impacts CPAs and their clients, and I know what you’re saying: “How can I possibly keep up with it all?”
Here’s one way: Hang out with the MACPA’s State Tax Committee.
Each year, committee members meet with representatives of Maryland’s State Department of Assessments and Taxation; the state Department of Labor, Licensing and Regulation’s Division of Unemployment; and the state Department of Business and Economic Development. Their goal: To get updates on important regulatory changes and share those updates with the rest of the MACPA membership.
Beverly Bareham, a senior manager with SC&H Group and a member of the State Tax Committee, was at the meeting and filed a series of reports that include details about a number of key issues and initiatives:
- SDAT representatives focused on procedural reminders, the impact of budgetary constraints, and a new due date for the principal resident certification for the Homestead Tax Credit.
- The DLLR’s Division of Unemployment took a closer look at increased taxable wages, reduced unemployment payments, tax rate adjustments, and recent legislation that impacts the state unemployment tax.
- Mark Vulcan, director of tax incentives for Maryland DBED, gave an informative presentation that paid particular attention to Maryland tax incentives.
Want to learn more?
Don’t miss these MACPA’s upcoming tax conferences: