THE COVID-19 STIMULUS BILL HAS AFFECTED TAX REPORTING.
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Here’s a certain truth: the State and Federal Government would love to have more of your hard-earned money in their accounts. Sure, even though it’s painful, none of us begrudge paying our legal and fair share of taxes.
But the problem is that regular taxpayers, like you, are missing out on legal and safe deductions, to the tune of hundreds of millions of dollars in unclaimed refunds every year!
Expert Advice
Shalini Gupta & Associates are more than just accountants. They have over the years helped me with my personal tax planning requirements and minimized my personal income tax liabilities. They are friendly, approachable and no question is too small or large for them.
Joanne R.Shalini Gupta was instrumental in helping us organize the business from a tax standpoint. But even more, the people have been very easy to talk to. We are not accountants so it’s important they speak in terms we understand. Over the past five years, they have been very helpful in that regard and we highly recommend them.
Vijay M.Reach Us
Shalini Gupta & Associates, PA
Columbia, MD 21045
My Columbia, MD Small Business Health Quiz (Part 1)
Last week, when I wrote my message to our Columbia, MD business clients, the biggest news was the second round of the PPP, and that expenses covered under the first round of it would be tax deductible.Has anything happened since then?Goodness, even just the "mere"...
Provisions of the Second Coronavirus Relief Bill That Affect Columbia, MD Small Businesses
Wow, does it ever feel good to have turned the page on 2020. This first "working week" is when I finally began to feel the newness of it all.Yes, it's "just a date" on a Gregorian calendar, but ...2021 holds great promise for our Howard County business clients. With...
Ultra Last Minute Tax Moves for Columbia, MD Businesses
It's going to take us many weeks to digest everything in this massive omnibus of a relief bill that the President signed on Sunday night.And with year-end barrelling at us (2021 is on FRIDAY), it's unlikely that we will be able to make substantive action on your...
Rajiv Mahajan’s Annual Holiday Prayer
Well, Congress seems to have heard the cries of the huddled masses of SMB's around the country, and more PPP funding is (seemingly) on the way.Details aren't finalized yet as of this writing, so I will have more to say on these matters in future weeks.Even these early...
Mahajan’s Guide To Getting Tasks Done
Maybe I'm writing this today because we're very much feeling the end-of-year crunch here at Team Shalini Gupta & Associates, PA.Really, we only have a few business days left before 2020 is in the rearview. Yes, my heart wants that to happen YESTERDAY, but my business...
The Cares Act, Columbia, MD Business Owners, And Student Loan Repayment
2021 is hurtling at us, isn't it? May it ever come sooner.Well, except for this part:I'm here to remind you that while we can (and, often, do) do wonders with "after the fact" tax return information, the best work we can do for you and your Columbia, MD business is to...
An Important PPP Loan Update For Columbia, MD Business Owners
There's both good news (for some) and bad news (for many) as we round the corner into December.And I'm not talking about our culture, or politics, or sports, or anything like that.I'm talking about TAXES.I'll start with the good news. This is applicable to some of my...
Rajiv Mahajan’s Reasons for Gratitude for 2020
With all of the insanity of 2020, it seems a bit crazy (and a bit of a relief, to be frank) that we now find ourselves in Thanksgiving week in Columbia, MD.I have some thoughts, which are perhaps a bit more meditative than normal, because of how this holiday works for...
8 Important Steps for Columbia, MD Non-Profits Before Year-End
With the increased standard deduction this past year ($12,400 single, $24,800 married filing jointly, $18,650 head of household), some smaller charities began to see a decrease in donations.This year might be worse.Yes, I hate to be the one to say these things, but...