Articles & Resources

Explore our insightful blogs covering a wide range of topics in the audit industry.

New York State Income Tax Overview

New York’s estate tax has a $6.94 million exemption with a steep tax cliff, while the federal exemption is $13.61 million, requiring careful estate planning to minimize tax liabilities.

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August 9, 2024

Estate and Gift Taxes: A Comprehensive Guide for New York Residents

New York's estate and gift taxes involve complex rules, with a lower exemption and a "clawback" provision, requiring strategic planning to minimize tax impacts on substantial estates.

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August 9, 2024

Corporate and Business Taxes in New York: A Comprehensive Overview

New York's complex corporate and business tax landscape includes state and city taxes, such as the Corporate Franchise Tax, NYC General Corporation Tax, and sales tax, requiring careful compliance and planning.

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August 9, 2024

Tax Planning for Retirees in Maryland

Retirement in Maryland involves strategic tax planning. The state offers exclusions for pensions, exemptions for Social Security benefits, and additional tax benefits for military retirees.

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August 9, 2024

Sales Tax in Maryland: Compliance Tips for Retailers

Retailers in Maryland must understand and comply with the state's sales tax laws, including registration, collection, and filing requirements, to avoid penalties and ensure smooth operations; Watter CPA can assist in navigating these complexities.

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August 9, 2024

Property Tax in Maryland: What Homeowners Need to Know

Maryland homeowners must grasp the property tax system and available credits; Watter CPA offers guidance to help manage and reduce tax burdens.

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August 9, 2024