John D Salan, CPA, PC

John D Salan, CPA, PC John D. Salan, CPA, P.C. is a full service accounting firm in Southern Maryland that is built on cli

Are rental real estate activities eligible for the qualified business income (QBI) deduction? The answer is a distinct “...
06/05/2026

Are rental real estate activities eligible for the qualified business income (QBI) deduction? The answer is a distinct “maybe.” This tax break allows eligible sole proprietors and owners of “pass-through” entities to deduct up to 20% of QBI. Pass-through entities include partnerships, S corporations and most limited liability companies. However, income from a rental real estate activity is QBI only if the activity rises to the level of a trade or business or meets an IRS safe harbor, which generally requires separate records, sufficient rental services and specific documentation. Various limits and other restrictions also apply. Call us at (301) 932-7544 to learn more.

In strategic planning, it can be hard for business owners to step back and evaluate opportunities objectively. An extern...
06/04/2026

In strategic planning, it can be hard for business owners to step back and evaluate opportunities objectively. An external advisory board can offer fresh, independent perspectives and seasoned guidance, especially when handling high-stakes, complex transactions. A board’s involvement can elevate professionalism, strengthen credibility with stakeholders and support smarter long-term decisions. Contact us at (301) 932-7544 to explore how creating an advisory board, or optimizing your current one, can help your business grow.

F**A taxes on W-2 wages are split equally between employee and employer. For self-employment income, you pay both halves...
05/04/2026

F**A taxes on W-2 wages are split equally between employee and employer. For self-employment income, you pay both halves, but the “employer” half is deductible. If you own and work in a business structured as a partnership, the income passing through to you for income tax purposes generally is also subject to self-employment taxes, even if it isn’t distributed to you. If your income exceeds certain levels, you also could be subject to the 0.9% additional Medicare tax. Call us at (301) 932-7544 to review your situation.

A temporary federal income tax deduction for interest on qualifying auto loans for 2025 through 2028 was created by the ...
05/01/2026

A temporary federal income tax deduction for interest on qualifying auto loans for 2025 through 2028 was created by the One Big Beautiful Bill Act. The write-off, available even if you don’t itemize, is capped at $10,000 per tax return, subject to income-based phaseouts. It applies only to interest on first-lien loans to buy U.S.-assembled passenger vehicles for personal use. Leased, used and fleet vehicles are excluded. The IRS recently issued proposed regulations that clarify how the deduction works. For example, they address the “personal use” requirement. Contact us for details at (301) 932-7544.

Even when your finance and accounting (F&A) team seems to be firing on all cylinders, they may feel burdened with heavy ...
04/29/2026

Even when your finance and accounting (F&A) team seems to be firing on all cylinders, they may feel burdened with heavy workloads and tight deadlines. Bringing in an external accountant can ease the pressure on your internal team and keep your business running smoothly behind the scenes. If your accounting and bookkeeping workload is piling up, we’re here to help. Call us at (301) 932-7544 to learn how we can support your business.

A mission statement is a concise, formal declaration of a business’s core purpose. The right one can serve as a rallying...
04/28/2026

A mission statement is a concise, formal declaration of a business’s core purpose. The right one can serve as a rallying cry for employees and a powerful marketing tool that attracts customers and drives revenue. So, whether you’re writing one for the first time or revising it during a rebrand, craft yours carefully. It can have a surprising impact on your bottom line. Please call us at (301) 932-7544 for help aligning your company’s core purpose with its financial parameters and strategic objectives.

Small business owners: Tax credits can reduce your tax bill dollar for dollar. But using them isn’t always straightforwa...
04/27/2026

Small business owners: Tax credits can reduce your tax bill dollar for dollar. But using them isn’t always straightforward. Many business credits fall under the general business credit (GBC), which limits how much you can claim each year and governs how unused credits are carried back or forward. Missteps can mean lost or delayed tax benefits. We help small businesses identify eligible credits, apply the GBC rules correctly and optimize their tax outcomes over time. Contact us at (301) 932-7544 to see whether you’re making the most of the credits available to you.

Did you know you can amend your tax return if you need to revise information after you filed it? Amended returns let tax...
04/24/2026

Did you know you can amend your tax return if you need to revise information after you filed it? Amended returns let taxpayers fix errors or omissions — such as income, deductions, credits or filing status — and make certain late elections. They can also be used to address tax law changes, claim losses and credit carrybacks, and more. You can e-file up to three amended returns per tax year. Usually, you have up to three years from the original filing deadline or two years from when you paid the tax, whichever is later, to claim a refund. But the rules can be complex. Contact us at (301) 932-7544 for guidance.

Technology decisions are a common pain point for small business owners. You might be unsure when to invest in new techno...
04/22/2026

Technology decisions are a common pain point for small business owners. You might be unsure when to invest in new technology and how much to spend. After all, there’s nothing worse than a “solution” that doesn’t solve anything. Poor choices can lead to wasted money, time and staff effort. The good news? You can avoid this situation with a thoughtful, strategic approach to technology selection and implementation. Call us at (301) 932-7544 to discuss your needs, set a realistic budget and take the right steps to get a sound return on investment.

Do you dream of retiring early? As in, really early? So do adherents of FIRE (Financial Independence, Retire Early). Man...
04/21/2026

Do you dream of retiring early? As in, really early? So do adherents of FIRE (Financial Independence, Retire Early). Many FIRE followers aim to retire in their 40s or even 30s! They make it happen by saving at least 50% of their current income, which some maximize by working second jobs. Obviously, this requires discipline and planning. But if early retirement is a priority, call us {Phone%} so we can help you make it happen.

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103 Centennial Street Ste E
La Plata, MD
20646

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(301) 932-7544

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