Category: Corporate Tax

  • Extended BOI Filing Deadlines

    On December 23, 2024, the United States Court of Appeals for the Fifth Circuit lifted the injunction placed by a lower court on the filing of Beneficial Ownership Information (“BOI”) with the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCen”), as required by the Corporate Transparency Act. FinCen, which had previously advised that companies who…

  • Corporate Income Tax Audits: What Every Maryland Business Owner Needs to Know

    Corporate Income Tax Audits: What Every Maryland Business Owner Needs to Know

    Corporate income tax audits are among the most stressful challenges a business owner can face. These audits can disrupt operations, drain resources, and, if not handled properly, result in costly penalties. Whether you’re based in Howard County or anywhere in Maryland, understanding the audit process and how to navigate it effectively is essential for safeguarding…