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Financial Services in Randallstown, Maryland
Changes in Tax Laws in 2024: What You Need to Know
The new year brings new taxes. Ready or not, the 2024 tax filing season is here. Before you file your taxes or call tax preparation services in Maryland, there are a few things you should know. The major 2024 tax changes cover income tax brackets, th...
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Key Tax Deductions for Individuals and Families
Did you know? You can claim credits and deductions when you file your tax return to lower your taxes. A tax credit, as the IRS defines it, is an amount you subtract from the tax you owe. The IRS offers different kinds of it. Maximize your tax savings...
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Applying for Tax Benefits as a Non-Profit Organization
So you’re interested in applying for 501(c)(3) exemptions? In Maryland, charitable organizations can apply for a 501(c)(3) status, a designation by the IRS that acknowledges your organization as tax-exempt. This means your non-profit may not be req...
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Business Tax Basics for Entrepreneurs: A Short Guide
Setting the stage for your entrepreneurial endeavors is an exciting venture, filled with critical decisions and essential legal steps. That includes navigating the tax landscape in Maryland. So here’s a simplified guide to help you start your b...
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Good Tax Planning Requires Good Recordkeeping
A big part of your yearly tax plan is just meticulous record keeping. For the IRS, good recordkeeping is required for a good tax plan. We’ll explain why. Effective tax planning is synonymous with diligent recordkeeping because, in general, good rec...
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Personal Tax Planning Tips: Getting Started with Taxes
A lot of people only think about taxes when it’s time to file them. But if you want to manage your money well, you should have a tax plan that works all year round. A sound tax plan can give you distinct advantages. This way, you can pay the ri...
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