TRS CPA GROUP

10/22/2024

https://www.trscpa.com/post/new-rules-under-the-corporate-transparency-act-cta

New rules under the Corporate Transparency Act (CTA) now require many corporations, limited liability companies and other entities to report beneficial ownership and other information to the Financial Crimes Enforcement Network (FinCEN). Impacted companies should contact legal counsel with expertise...

10/22/2024

https://www.trscpa.com/post/wicomico-habitat-announces-tax-credits-for-donors

Salisbury, MD (October 21, 2024)—Habitat for Humanity of Wicomico County (HFHWC) has been awarded $50,000 in tax credits from the Maryland Department of Housing and Community Development (DHCD) Community Investment Tax Credit Program (CITC). This program gives donors seeking to make a change in th...

09/10/2024

We are currently looking for a receptionist

If interested please email Savannah at
[email protected]

08/30/2024

https://www.trscpa.com/post/new-rules-under-the-corporate-transparency-act

New rules under the Corporate Transparency Act (CTA) now require many corporations, limited liability companies and other entities to report beneficial ownership and other information to the Financial Crimes Enforcement Network (FinCEN). Impacted companies should contact legal counsel with expertise...

01/19/2024

We want to share some exciting news with you as we enter the New Year and turn a new page for TRS CPA Group. TRS CPA Group celebrated its 49th year in 2023 and we have been blessed with much growth and success over the years. We have grown to a staff of 24 incredible people and have the privilege of...

01/19/2024

TRS CPA Group New Year Announcement

We want to share some exciting news with you as we enter the New Year and turn a new page for TRS CPA Group. TRS CPA Group celebrated its 49th year in 2023 and we have been blessed with much growth and success over the years. We have grown to a staff of 24 incredible people and have the privilege of...

12/30/2023

https://www.trscpa.com/post/what-to-know-about-the-corporate-transparency-act

Are you ready? The Corporate Transparency Act becomes effective January 1, 2024 The Corporate Transparency Act (CTA), enacted in 2021, was passed to enhance transparency in entity structures and ownership to combat money laundering, tax fraud, and other illicit activities. Who does the Corporate Tra...

11/23/2023

10/26/2023

As the seasons change and summer is in the rearview mirror, we long for the warmer weather and our feet in the sand at the beach. It’s also when renters begin searching for the perfect beach rental for next summer. The ability to work remotely has created a greater demand for beach rentals, which ...

10/15/2023

Social Security Wage Base Increases to $168,600 in 2024

The Social Security Administration (SSA) announced that the maximum earnings subject to Social Security (OASDI) tax will increase from $160,200 to $168,600 in 2024 (an increase of $8,400). The maximum Social Security employer contribution will increase by $520.80 in 2024. The $168,600 wage base for....

07/13/2023

https://www.trscpa.com/post/employment-tax-considerations-when-hiring-parents-or-children

Business owners need to consider things besides family dynamics when hiring their parents or children. One of those things is employment taxes. Generally, payments made for services rendered to a child by a parent's business or to a parent from a child's business are subject to income tax withholdin...