Recent News

Best Financial Practices for Small Businesses

January 19, 2017

Financial stability is something all small businesses need, but may also be the source of their greatest struggle. Here, the CPAs at Fitzpatrick, Leary & Szarko outline ways that small…

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Year End Considerations for Nonprofits

December 19, 2016

Nonprofit organizations strive to make the world a better place. Some nonprofit organizations, however, suffer from a lack of financial due diligence that could result in budget concerns at the…

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New Overtime Pay Regulations under the Fair Labor Standards Act delayed!!!

November 28, 2016

On November 22, 2016, an injunction was issued that temporarily blocked previously mandated changes to the overtime pay regulations under the Fair Labor Standards Act (FLSA).  This block temporarily delays…

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Do You Know the Overtime Pay Rules Under the New Fair Labor Standards Act?

June 30, 2016

In 2014, President Obama mandated that the Secretary of Labor update the overtime regulations so that they reflected the intent of the Fair Labor Standards Act (FLSA) and to simplify…

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Maryland 2015 Tax Amnesty Program

August 11, 2015

Maryland has enacted the 2015 Tax Amnesty Program, which will run from September 1, 2015 through October 30, 2015. Under this program, taxpayers can apply for a waiver of 100…

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Maryland Income Tax Law Deemed Violation of Commerce Clause of the US Constitution by Supreme Court

May 20, 2015

In the case of Comptroller of the Treasury of Maryland vs Wynne, the Supreme Court ruled against double taxation on May 18, 2015.  That decision will result in millions of…

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IRS Warns of Pervasive Telephone Scam

November 4, 2013

IR-2013-84, Oct. 31, 2013 WASHINGTON — The Internal Revenue Service today warned consumers about a sophisticated phone scam targeting taxpayers, including recent immigrants, throughout the country. Victims are told they…

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