Kram, McCarthy, Ayers & Frost, LLC

01/27/2025

Discover how tax credits can help your business save money and grow! Join us on January 30 for the Access to Capital Series at the Chesapeake Heritage & Visitors Center. This session is open to all Maryland businesses and will show you how to leverage tax credits to reinvest in your business.

Register Here: https://share.hsforms.com/1MaRkp8CKQIiS5rcijXw-QQ4482q

01/05/2025

Thanks Chad!

We are more than happy to design seasonal tax reminders for our friends at Kram, McCarthy, Ayers & Frost, LLC. Not only are they a client of ours, we are a client for them as well! A true case of local businesses supporting local! 🤝 🫡

01/13/2023

Tax Season will start Monday, January 23, 2023.

IR-2023-05, January 12, 2023 — The Internal Revenue Service today announced Monday, January 23, 2023, as the beginning of the nation's 2023 tax season when the agency will begin accepting and processing 2022 tax year returns.

01/13/2023

Mileage Rate Update. Also make sure you are keep a contemporaneous log.

The has issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. For 2023, the standard mileage rate for business travel will be 65.5 cents per mile. To learn more, see: http://ow.ly/Am5450MeW5R

07/14/2021

Responsibilities for Bookkeeper

· Perform payroll functions in an accurate and timely manner, and submit payroll taxes

· Conduct reconciliation of all accounts on an as needed basis

· Maintain and balance the general ledger in an accurate, complete, and up-to-date manner

· Perform all activities related to the accounts payable function including reviewing, coding, and processing payments

· Perform account receivable functions including invoicing, deposits, collections, and revenue recognition

· Prepare financial reports through collection, analysis, and summarization of data

· Interpret and apply accounting policies, rules, and regulations to all work in order to ensure compliance with applicable standards

Qualifications for Bookkeeper

· Bachelor's degree in Accounting, Finance, or related field

· 3-5 years relevant experience working in accounting and bookkeeping

· Strong verbal and written communication skills

· Proficient skills in QuickBooks and Microsoft Excel

· Experience with accounts payable, accounts receivable, payroll, and general ledger

· High degree of accuracy and attention to detail

06/24/2021

If you receive the child tax credit and do not wish to receive the monthly payment you must unenroll. If married filing joint, both spouses will need to unenroll. Please call our office if you have any questions. 410-643-4477.

Some families may prefer to wait until the end of the year and receive the entire Child Tax Credit instead of receiving advance payments. There is an IRS tool that lets them do just that: https://go.usa.gov/x6y6s

07/11/2020

Save this notice for 2020 taxes! Call the office if you have questions.

If you received an Economic Impact Payment this year, you’ll get Notice 1444, Your Economic Impact Payment. The IRS will send it within 15 days of sending your Payment to your last known address. Be sure to keep this notice with your other important tax records. Click here to find out more: https://go.usa.gov/xwvhz

07/07/2020

REMINDER: As July 15 approaches, Comptroller Franchot reminds individual and corporate income taxpayers who took advantage of a 90-day tax filing extension that the new due date for filing and payment is JULY 15. While you may request an extension to file until October 15, payments are still due on the July date.

We are incredibly sympathetic to the difficult financial situations families across Maryland may be in right now due to the pandemic and urge taxpayers to pay as much as possible by the July 15 date in order to avoid higher penalties and interest accruing on the owed amount. If you are looking for further assistance, we encourage taxpayers to make an appointment at one of our nine re-opened branch offices across the state at marylandtaxes.gov/locations.php

07/03/2020

On Monday, we're rolling out our first phase of Compass for alcohol taxes and licenses, and those in the industry can rest assured that their information is protected with state-of-the-art fraud detection and security.

05/09/2020

PPP Loan Stats. There are still funds available. Reach out if you have any question.

An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.

05/09/2020

The IRS announced that taxpayers for whom the Service does not have direct deposit information should go to its “Get My Payment” website and enter that information by noon on Wednesday, May 13, so they can receive their stimulus payments electronically.

01/28/2020

⭐️REMINDER⭐️

• 1099’s are DUE to be mailed to recipients by January 31st, 2020 and filing DUE to IRS by February 15th, 2020!

Tax season is upon us😀