Jamie Iseminger, CPA, Joins LSWG

LSWG is pleased to announce the addition of Jamie Iseminger, CPA, to LSWG’s principal group. An accomplished CPA with over 20 years of public accounting and audit experience, Jamie Iseminger… [more]

IRS Updates Mileage Rates for 2021

Beginning on January 1, 2021, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) are: 56 cents per mile driven for business use (down… [more]

Maryland Provides Tax Filing and Payment Relief

The Maryland Comptroller’s Office has provided COVID relief for businesses filing tax returns and making tax payments coming due in January, February, March, and April 2021. Automatic extensions. The following… [more]

Paycheck Protection Program (PPP) Round 2

Included among the $900 billion COVID relief within the Consolidated Appropriations Act signed into law on December 27, 2020, was reauthorization and modification of the Paycheck Protection Program (PPP): new… [more]

Allocating Functional Expenses for Your Nonprofit

By Julissa Canas, LSWG Staff Accountant Are you properly allocating your nonprofit’s functional expenses? Before FASB’s Accounting Standards Update 2016-14*, voluntary health and welfare organizations were the only nonprofits that were required… [more]

Additional 2020 Economic Impact Payments

You’ve probably heard that the IRS will be making millions of ”economic impact payments” (also called ”recovery rebates”) in the near future to help people stay afloat during this time… [more]

Aid Package Signed Into Law

After significant delay and controversy, President Donald Trump signed into law the $900 billion COVID-19 relief bill Sunday night, December 27, 2020.  The bill was passed by Congress on December… [more]

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