Kerich Business & Tax Solutions Ltd

07/07/2025

One Bill Beautiful Bill Act -

The Act was approved. Below are some of the key drafts of the Bill for reference and this newsletter will address some of the key provisions I think would be of interest to most taxpayers.

07/06/2025

Discover customized financial solutions that cater to your unique business needs. Visit our website today to unlock the potential for growth and success.

06/25/2025

Virginia General Assembly Biennial Budget Legislation Passed -

Governor signed budget amendments providing $1 billion in tax relief, $4.2 billion in new investments in shared priorities and retains $900 million from surplus for cushion

06/24/2025

Maryland Imposes Sales and Use Tax on Data or Information Technology Services and Software Publishing Services -

March 26, 2025, the Maryland House of Delegates passed its tax-related budget bill (HB 352), which includes a new 3% sales tax on data and information technology services. The new tax was announced by Governor Wes Moore as part of a budget agreement he reached with House and Senate leaders.

06/23/2025

Maryland Budget Signed by Governor -

When Gov Hogan left office in Jan 2023, the state had a $5B surplus. The 2025 act includes various tax increases hoping to curtail the states nearly $3B deficit expected by fiscal 2026.

06/09/2025

Financial freedom is within reach. Visit our website today to explore tailored solutions that can help you achieve your financial goals and enhance your business success.

02/25/2025

BOI reporting restated -

Most small businesses required to file beneficial ownership information (BOI) reports will have until March 21 to do so after a federal district court lifted the last remaining nationwide injunction that halted the filings.

02/17/2025

BOI reporting deadline extension passes US House -

Reporting companies covered by the Corporate Transparency Act's (CTA's) beneficial ownership information (BOI) reporting requirement do not have to file the reports while an injunction remains in place,.