July 24, 2026 / by Brett Hess / Tax
Dear Client, We want to highlight an important IRS rule that may affect taxpayers who report business losses on Schedule C. If your business shows a loss in a given year, the IRS applies what is commonly referred to as the “hobby loss” rule to determine whether the activity qualifies as a legitimate business. What […]
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Maryland FAMLI Program Timeline & Employer Responsibilities
July 27, 2026 / by Brett Hess / Deadlines, Newsletter
Dear Client, Maryland’s Family and Medical Leave Insurance (FAMLI) program is entering its final pre-launch phase. As of April 2026, the Maryland Department of Labor has finalized the regulations and implementation timeline. The transition will begin this year, with financial impacts starting in 2027. Below is an overview of the key dates and requirements to […]
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Understanding IRS Hobby Loss Rules
July 24, 2026 / by Brett Hess / Tax
Dear Client, We want to highlight an important IRS rule that may affect taxpayers who report business losses on Schedule C. If your business shows a loss in a given year, the IRS applies what is commonly referred to as the “hobby loss” rule to determine whether the activity qualifies as a legitimate business. What […]
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The Right Financial Guidance Can Help Maximize Your Business’s Potential
July 23, 2026 / by Brett Hess / Uncategorized
Financial information is the foundation for every important business decision. Whether your goal is to improve cash flow, launch a new offering, hire additional workers or expand into a new market, accurate data enables you to make decisions confidently. An experienced advisor can help prepare this data and ensure your business is poised to capitalize […]
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