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SWED announces second initiative to assist small businesses impacted by COVID-19
SWED announces second initiative to assist small businesses impacted by COVID-19. The SWED CV-19 Relief Grant Fund application opens Wednesday, July 1, 2020. For more information, please visit:
https://swed.org/boost/
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IRS Issues Transition Rule for HSA-Incompatible Vasectomies
When a Maryland statute took effect Jan. 1 requiring all state-regulated health plans to pay for men's vasectomies regardless of any deductible, it left Marylanders' high-deductible health plans (HDHPs) incompatible with IRS rules for health savings accounts (HSAs). 
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Income Tax Returns & Payments Extended
Ordinarily, taxpayers have until April 15 to file their tax return and pay any tax due. But these are not ordinary times.
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Maryland Paid Sick Leave Effective February 11
Certain Maryland employers must begin offering paid sick and safe leave to their employees under the Maryland Healthy Working Families Act beginning February 11, 2018.
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Overtime Pay Rules: Avoid Making Costly Wrong Assumptions
Overtime pay has been in the news a lot lately because of upcoming changes in the income threshold for exempt status. Those changes take effect in December. But even as employers are gearing up for that development, many are getting tripped up by long-standing overtime pay rules. This article discusses some recent examples. 
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Using Dual Monitors Saves Paper and Time
No matter what industry your company is in, there are ways to go green -- in terms of eliminating waste -- that are healthy for the bottom line. Not to mention, many customers feel better about dealing with companies that are good citizens and good stewards of resources. Find out how using dual monitors on your computers can be a win/win for your business and a boost to your bottom line.
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DOL's new overtime rule: Assessing the impact
The Department of Labor on May 18 released a final rule amending the requirements for overtimepay that would dramatically increase the salary thresholds for exemption for CPA firms and other businesses in Maryland and throughout the nation.
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CPA Mark Welsh: With Tax Day Passed,
Chances are that if you have a friend who is a Certified Public Accountant, you haven't seen much of them since Christmas.
That's because it's tax season, and most if not all Salisbury-area CPAs have been spending long, cold days and nights in their offices, churning out tax forms.
 
At Salisbury's TGM Group on Mount Hermon Road, partner Mark Welsh has been one such CPA, working hour upon hour toward the April 15 deadline. A member of the Accounting and Auditing Department of TGM, he runs the firm's financial institutions client practice and has primary responsibility for SEC filings and regulatory reporting. Welsh also has responsibilities involving closely held businesses, banks, governments, 401k plan audits and nonprofit organizations.
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