By: Anna Isaacs Don’t panic, a cooperative spirit can result in a favorable outcome. When a business is chosen for a tax audit, it’s Meyer Wolman’s job to tell them what’s next. In this article by The Daily Record, Wolman... Continue Reading
In this article for the Association of School Business Officials’ ASBO Matters News Journal, John Coppola, CPA, MBA, Manager at Ellin & Tucker and former CFO/Business Manager at Archbishop Spalding High School, provides readers with useful tips and tricks for... Continue Reading
Over the life cycle of any business it is natural to stay in your home state; that is, until you look to expand operations. While expanding operations can often mean offering new services, for many companies it means moving into... Continue Reading
How will the new Maryland Estate Tax Change impact you? Tax Principal Susan Keller shares an informative article written by our colleagues at Venable, LLP about the recent tax law changes enacted by Governor O’Malley. http://www.mondaq.com/unitedstates/x/315342/Income+Tax/Maryland+Governor+Signs+Estate+Tax+Changes+Into+Law... Continue Reading
By: Carl Kampel
The Financial Accounting Standards Board (FASB) issued final guidance that allows private companies to simplify their accounting by recognizing fewer intangible assets in a business combination. The guidance is part of a broader effort by the FASB to address the... Continue Reading
By: Todd Feuerman
In today’s economy, there isn’t room for contractors to bid jobs incorrectly. Contractors should attempt to gather pricing information where they can. Once bids are opened and communi-cated to the public, contractors can use the bid spread to determine how... Continue Reading
Recommended By: Tom Byers
The Tax Court recently decided a case that provides guidance to taxpayers who own vacation homes. The deductibility of expenses related to such properties is limited when the owner taxpayer/owner has personal use of the property. The case helps define... Continue Reading
Meyer T. Wolman, CPA is a Director in the Tax Department of Ellin & Tucker and heads the Real Estate Division of the firm. In addition to his work with real estate clients, Meyer is also a member of the... Continue Reading
By: Todd Feuerman
The Financial Accounting Standards Board (FASB) continues to review and change financial reporting standards in order to offer a more transparent view of a company’s financial performance and health. As such, the construction industry will need to address the following... Continue Reading
The IRS first issued Temporary Regulations regarding new tangible property rules in early 2012. Between that time and July 2014, they issued various proposed regulations on the subject. Finally, in August 2014, the final regulations were issued and taxpayers must... Continue Reading