Tag: Maryland Association of CPAs
Business groups slam proposed sales-tax expansion for Kirwan
Business advocacy groups converged on Annapolis on Monday to protest legislation that would expand Maryland’s sales tax to services not currently taxed and raise an estimated $2.9 billion over the next five years to help fund the recommendations of the Kirwan Commission. They spoke prior to a House Ways and Means Committee hearing on the legislation.
Read MoreBill introduced to end paperwork ‘nightmare’ created by new health care law
A controversial new federal law that begins to take effect in January would create a “paperwork nightmare” for thousands of Maryland businesses by drastically increasing the number of 1099 tax forms they have to file, business groups and accountants say.
This provision was tucked into the comprehensive health care bill passed earlier this year by both houses of Congress — even though it has nothing to do with health care. Professional groups and trade associations are calling for its repeal. U.S. Sen. Max Baucus, a Montana Democrat who chairs the Senate Finance Committee, introduced a bill to get rid of it. Maryland Democrat Sen. Benjamin Cardin is one of the bill’s co-sponsors.
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