Maryland’s New Sales Tax on Tech - What SaaS, Cloud, and IT Providers and Customers need to Know
Maryland has implemented a first of its kind 3% tech tax targeting a broad range of IT and digital services. Effective July 1, 2025, this surcharge represents an expansion of the state’s sales and use tax system into the digital economy. Unlike the longstanding 6% sales tax on tangible goods and digital products, the new law covers previously untaxed services, such as software as a service (SaaS), cloud storage, and IT consulting - reshaping the cost structure for tech providers and buyers alike.
The IRS’s Offer in Compromise
The IRS offers a program allowing taxpayers to settle their tax debts for less than the full amount owed through an Offer in Compromise (OIC). A compromise that serves the interests of both the IRS and the taxpayer is the ultimate objective. However, the strict requirements of the program mean that not everyone will qualify.
IRS Extends ERC Moratorium
On June 20, 2024 the IRS again extended their moratorium on processing of ERC claims, leaving taxpayers in a tough spot.
Employee Retention Credit -Voluntary Disclosure Program
For a limited time, the generous ERC-VDP may save businesses thousands of dollars in penalties and even more in headache. It is important to evaluate the best strategy for your ERC claim.
Employee Retention Credit - Withdrawal Program
For a limited time, businesses that improperly claimed the ERC can withdraw their claim and save future penalties and headache.