Kim & Associates PA

11/08/2025

Government shutdown is still ongoing and became the longest in history. Now it is affecting airports. FAA is imposing flights reduction. Many flights will be cut. With the upcoming holidays travels normally increase. Please check with the airports if your flights are still available before making arrangements. More information and the list of the airports affected can be found in the article below.

https://www.thebanner.com/community/transportation/bwi-dca-iad-flight-cuts-faa-government-shutdown-JT4TNHPMJREV3I4IOSCDDNCBNI/?utm_source=macpa+weekly&utm_medium=email&utm_campaign=weekly&sid=3223&sln=5

10/23/2025

Due to government shutdown many IRS services are limited or unavailable at the time. Please do not be alarmed. It is normal if you do not see timely processed payments/refunds. To avoid delays It is recommended to carry out operations automatically.

The Internal Revenue Service spelled out some of the services that will be limited or unavailable during the government shutdown.

10/10/2025

Government shutdown is still in place. Thousands of the government employees may lose their pay...
To help with daily expenses Maryland offers loans to employees who keep on working without pay. The distribution of loans will begin October 16th if the shutdown is still in place following October 15th.
For more information and ways to apply please read article below.

Maryland is now accepting loan applications for federal workers who are working without pay during the ongoing government shutdown, the state Department of Labor announced Monday.

10/10/2025

Following along the conversation about the new tax law. Regardless all promises and expectations, social security income is still being taxed. However, seniors age 65 or older will have additional deduction starting year 2025 ($6,000 per person ). As always, income limitation will apply. Additional information can be found in article below.

The new legislation includes a new tax deduction for senior citizens that sweetens the tax pot when they file their personal returns. This new deduction takes effect in 2025 and is scheduled to end after 2028.

10/03/2025

As you may know, on July 4, 2025 new tax bill was signed into law. Among many provisions the law was talking about retirement contributions. Recently, IRS issued final regulations on catch-up contributions. Higher compensated employees specifically have to make these contributions now into Roth IRA accounts.
Please find summarized key provisions in the article provided below.

Highlights Impacted Employers: Employers offering 401(k) or a similar workplace retirement plan. Effective Date: The final regulations confirm that...

08/14/2025

Attention graduates with outstanding student loans (Maryland). At this time Maryland Higher Education Commission accepting applications for student loan debt relief. The applications will be accepted until September 15th. Please take a look at the requirements to see if you qualify 👇

An official website of the State of Maryland.

11/21/2023

Did you know that by registering with MarylandSaves program Maryland will wave $300 annual SDAT fee? To qualify for 2024 year exemption you have to:
1) be a small employer;
2) register by December 1, 2023
So do not delay!! Please note, if you currently offer retirement to your employees, you already qualify for the exemption. You just need to go and register. Please follow this link: https://www.marylandsaves.org/claim-exemption/

To read more and sign up 👉https://www.sumday.com

MarylandSaves is a new retirement savings program, created by the State of Maryland. It’s an easy way to help Maryland employees save and plan for the future.

06/23/2022

Department of Housing and Community Development is about to start accepting applications for two grants: Property Assistance Grant and Business Operations Grant. If you recently happened to lease out a property that was vacant or even purchased one - you may meet the requirements to qualify! Please follow links below for more information.

https://dhcd.maryland.gov/Pages/ProjectRestore/default.aspx

https://onestop.md.gov/forms/dhcd-project-restore-fy23-6297ba1eb0bf73019eeb8143

04/21/2022

KIM & ASSOCIATES, PA IS LOOKING FOR A NEW TEAM MEMBER

We are searching for an energetic, friendly, team player to take over administrative/front desk role. The right candidate must be reliable, courteous, helpful, and professional; be flexible and possess the ability to handle multiple tasks/projects simultaneously; work well under pressure, have excellent phone etiquette skills and be able to communicate effectively. This can be a part time position as a start that leads to a full time position in the future.

Minimum Qualifications:
~ Associates degree preferred
~ Experience in an administrative support function
~ Ability to learn
~ Microsoft Office knowledge required
~ Experience with QuickBooks preferred

Please e-mail us your resume at [email protected]

04/15/2022

Here is some news for residents of Delaware. 2022 Delaware Relief Rebate Program is on. The House Bill 360 was signed into law by the governor yesterday, April 14.
Please find more details in the article attached.

    Timeline     Frequently Asked Questions:              

02/10/2022

KIM & ASSOCIATES, PA IS LOOKING FOR A NEW TEAM MEMBER
We are searching for an energetic, friendly, team player to take over administrative/front desk role. The right candidate must be reliable, courteous, professional, and possess the ability to handle multiple tasks/projects simultaneously. He/she should be able to work well under pressure, have excellent phone etiquette skills and be able to communicate effectively. This can be a part time position as a start that leads to a full time position in the near future.
Minimum Qualifications:
~ Associates degree preferred
~ Experience in an administrative support function
~ Ability to learn
~ Microsoft Office knowledge required
~ Experience with QuickBooks preferred
Please e-mail us your resume at [Email hidden]

01/21/2022

Monday, January the 24th, is officially a beginning of 2022 tax filing season. One of the tips to receive your refund promptly is to file your tax return "when you are ready". Please check the next information to minimize questions your tax preparer may have:
~ amount of the stimulus (Biden administration) checks received in 2021;
~ amount of advance child credit received during 2021.

Happy filing everyone!

January 26 is the first day to file your federal tax return, and most Americans will be getting a refund.