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Bormel, Grice & Huyett P.A.

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Laurel, MD
Bormel, Grice & Huyett P.A.

Financial Planning ● Tax Planning and Preparation ● Accounting and Auditing ● Business Consultant

08/25/2026

Maryland’s FAMLI (Family and Medical Leave Insurance) program launches soon — employees will begin receiving benefits in January 2028, with contributions starting Jan 1, 2027. Eligible workers can take up to 12 weeks of paid leave and receive up to $1,000/week. Read the key dates, who’s covered, and what employers need to know in our quick guide.

Read more: https://wix.to/tkDWky5

The Maryland General Assembly passed the Time to Care Act in 2022, which established a paid family and medical leave program (FAMLI) for Maryland workers. FAMLI allows eligible employees in Maryland up to 12 weeks off from work to care for themselves or a family member and still be paid up to $1,000...

07/14/2026

IRS updates: The optional standard mileage rate has increased effective July 1, 2026 — what that means for business, medical, moving, and charitable mileage deductions. Read the quick breakdown and how to apply the new rate to your records. Read more: https://wix.to/QVaM61C

The IRS has announced an increase in the optional standard mileage rate for the remainder of 2026. Optional standard mileage rates are used by employees, self‑employed individuals, and other taxpayers to compute the deductible costs of operating automobiles (including vans, pickups, and panel truc...

07/06/2026

New blog: June 2026 | Trump Accounts: Investing & Saving for Your Children — Understand how the new custodial-style "Trump Accounts" (available as of July 4, 2026) can give kids a head start on savings, eligibility rules, and what parents need to know. Read more: https://wix.to/riKtYkC

Trump Accounts were introduced in 2025 through the issuance of the One Big Beautiful Bill and are intended to give the next generation a head start on savings. These custodial-style IRA investment accounts became available as of July 4th, 2026, and will initially be administered by the Treasury. Tru...

06/29/2026

The Maryland Tax Connect, already in use by businesses, extends the online self-service tax portal to individuals beginning September 1st. Check the upcoming action dates and what they mean for your personal or business taxes.

Read the full update: https://wix.to/SEyV6Ha

The Comptroller of Maryland is rolling out Maryland Tax Connect for Individuals which will be an online self-service tax portal. This system is already in use by Maryland businesses and will now extend the same capabilities to individual taxpayers. Individuals will be able to accomplish many tasks i...

06/22/2026

Misclassifying workers can cost your business — in taxes, penalties, and legal headaches. Our latest blog breaks down the key factors that determine whether a worker is an employee or an independent contractor and what to watch for. Read the full guide: https://wix.to/qoRZQ8X

Distinguishing an employee from an independent contractor isn’t always straightforward. Getting it wrong can create real problems for a business, from unexpected payroll tax liabilities to penalties for misclassification. Below is a breakdown of the factors that typically signal whether a worker s...

01/26/2026

IRS updates for 2026 business mileage rate are here. Make sure your mileage deductions and reimbursements are up to date. Read more: https://wix.to/ZFZjbbD

Beginning January 1, 2026, the standard milage rates for the use of car, van, pickup or panel truck is as follows: • 72.5 cents per mile driven for business use, up 2.5 cents from 2025 • 20.5 cents per mile driven for medical purposes (or moving purposes for qualified active-duty military member...

01/13/2026

USPS changed how postmarks are applied — and that could affect your tax return filing date. Our latest post explains why mail may now be postmarked at regional processing centers (or not at all) and what that means for deadlines and proof of timely mailing. Read more: https://wix.to/M40kKcy

The United States Postal Service (USPS) has finalized a new ruling that formally clarifies how postmarks are applied. Historically, taxpayers assumed that mail dropped off at a local post office would receive a postmark that same day and at that specific location. Under the new clarification, postma...

12/16/2025

Have you heard about the Maryland Budget Reconciliation and Financing Act of 2025? It introduces several significant changes! Read more here: https://wix.to/ejRYB6S

The Maryland Budget Reconciliation and Financing Act of 2025 (BRFA) is a comprehensive bill that introduced several significant changes to Maryland’s tax laws. The new act will apply to tax years beginning after December 31, 2024. Below are some of the changes that will affect taxpayers: New Capit...

11/25/2025

Maryland employers, are you aware of the $300 annual report filing fee waiver? All you need to do is participate in the MarylandSaves program! Make sure to complete this before the December 31 deadline. Read more: https://wix.to/vcYyTVf

In September of 2022, MarylandSaves was launched by The Maryland Small Business Retirement Savings Program, which was authorized by House Bill 1378 in 2016. The program requires most Maryland employers to offer their employees some sort of retirement savings. Participation in MarylandSaves or anothe...

10/24/2025

2025 marks a significant change in the way charitable donations will affect your tax strategy. The One Big Beautiful Bill Act allows you to deduct the full amount of your donations (if you itemize), which means more savings for you! Ready to make a difference? Check out the details here: https://wix.to/LCjOhWT

The One Big Beautiful Bill Act (OBBBA), will affect tax strategies for the future, one of which is how charitable donations are treated. If charitable giving is part of your plan, 2025 is the year to act. Making donations before the new rules kick in could mean a bigger impact for your favorite caus...

Address

14409 Greenview Drive, Ste 201
Laurel, MD
20708

Opening Hours

Monday	8am - 5pm
Tuesday	8am - 5pm
Wednesday	8am - 5pm
Thursday	8am - 5pm
Friday	8am - 5pm

Website

http://www.bormel-grice.com/

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