Recent News

Apr 13, 2020

Leading Through Crisis – What Businesses Can Do Now, Soon, and Later


By: Lisa Hastings   The current situation has forced everyone to respond to and manage unprecedented changes with lightning speed. Business owners must also move ... Read More

Apr 11, 2020

Aid for Maryland Small Businesses and Manufacturers


The State of Maryland is coming to the aid of its small businesses and manufacturers that have been impacted by the COVID-19 pandemic.  The State has authorized $130 mill... Read More

Apr 8, 2020

Small Business Administration Loans Available


In addition to state-specific loan funds and the Paycheck Protection Provision loans mentioned in the “Federal Coronavirus Stimulus Package”, the SBA has activat... Read More

Apr 4, 2020

Federal Coronavirus Stimulus Package


President Trump signed The Coronavirus Relief Bill (The CARES Act) the largest economic relief plan in American history on March 27, 2020.  This bipartisan $2 trillion ... Read More

Apr 1, 2020

Families First Coronavirus Response Act


The Families First Coronavirus Response Act was signed into law March 18, 2020 and is effective immediately.  It requires employers with fewer than 500 employees to pro... Read More

Mar 24, 2020

UPDATE: GOVERNMENT EXTENDS DUE DATES


Federal Government In an announcement March 20, Treasury Secretary Steven Mnuchin stated that the filing deadline for all individuals and businesses has been moved from Apr... Read More

Mar 18, 2020

Government Extends Payment Due Date


UPDATED ARTICLE 3/21:  https://www.fawcasson.com/news2/UPDATE--GOVERNMENT-EXTENDS-DUE-DATE.htm   Federal Government   In a press announcement M... Read More

Mar 16, 2020

CORONAVIRUS: Impact on Tax Season


In the past few weeks we have started to feel the impact of the Coronavirus Pandemic (COVID-19) here on the East Coast.  As much is still unknown about how this will af... Read More

Feb 25, 2020

The Tax Extenders of 2020


The Taxpayer Certainty and Disaster Tax Relief Act of 2019, which was signed into law in December 2019, extended many already expired provisions.  These tax benefits ar... Read More

Feb 18, 2020

How Will the SECURE Act Impact You?


Most of the recently passed Consolidated Appropriation Act of 2020 focuses on extenders, tax law changes and general federal budgeting.  A piece of this Act that’... Read More

Feb 13, 2020

Tax Breaks and Best Practices in Agriculture


Thursday, February 14 Lisa Hastings presented on best practices and tax breaks for farmers at the MidAtlantic Women in Agriculture Conference.    THE FEDER... Read More

Feb 4, 2020

New Tax Updates: What You Need to Know for 2020


It’s a new year and what better way to get off on the right foot than to make sure you’re ready for maximum tax savings and retirement planning?  We’v... Read More

Jan 14, 2020

What to Know About the Qualified Business Income Deduction


The qualified business income deduction (also known as Section 199A) was a significant part of the Tax Cuts and Jobs Act of 2017. It allows business owners of various entity... Read More

Jan 7, 2020

Charitable Contributions: A Brilliant Deduction


Whether it be your church, synagogue, or other nonprofit, you probably have a list of charities that you feel passionate about donating to. Surely, your annual contribution ... Read More

Dec 13, 2019

FINAL OVERTIME RULE EFFECTIVE JANUARY 1, 2020


New overtime rules will commence in the new year that may affect a number of employers and their employees; the US Department of Labor (DOL) has announced their final rule i... Read More



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