Posted on March 15, 2021
Tax Alert 01-06-21 issued by the Comptroller of Maryland has extended due dates for certain tax types to assist individuals and businesses impacted economically by the Covid-19 pandemic. This is a similar extension to what was granted by the state of emergency issued by Governor Lawrence J. Hogan, Jr on March 5, 2020.
The new extensions will only apply to tax types handled by the Comptroller of Maryland with original filing and payment deadlines from January 1, 2021 through April 14, 2021. Below is a summary of tax types where these extended deadlines have been granted. The full Tax Alert issued by Comptroller, along with the detailed guidelines and qualifications for relief, can be located online at: https://www.marylandtaxes.gov/forms/Tax_Publications/Tax_Alerts/Tax-Relief-Tax-Alert-Jan2021.pdf
Tips for the Taxpayer
In these uncertain times, it is important for businesses to be aware of opportunities for economic relief offered by state and local tax jurisdictions. If your company has experienced hardships during the Covid-19 pandemic, Allyn Tax recommends exploring potential relief being offered for state and local taxes, along with additional business taxes where your company may have liabilities. Taking advantage of these potential savings may help businesses extend available funds to keep their operations running while continuing to navigate the current economic climate created by the pandemic. Receiving guidance from a sales tax professional can help businesses ensure they are taking advantage of available relief.
For More Information
If you are interested in learning more about this topic or other tax topics, please visit our Tax Publications under News and Events at www.allynintl.com.
How Can We Help?
Allyn’s tax team is staffed with seasoned tax professionals experienced in all aspects of Federal, multi-state and local tax compliance and consulting for large US and global corporations. We use that experience to your advantage to interpret and evaluate changes in statutes and regulations to take advantage of any potential savings.
Allyn Tax is closely monitoring opportunities for tax relief related to the Covid-19 pandemic. Our expertise and assistance in this area means you can focus on your core business while we focus on ensuring you are paying your fair share in taxes and not a penny more.
Contact us and we can provide a customized cost-effective solution to meet your company’s needs. For further information on Allyn Tax services, please contact: firstname.lastname@example.org.
Contributor: Meghan O'Hehir
About Allyn International
Allyn International is dedicated to providing high quality, customer centric services and solutions for the global marketplace. Allyn's core products include transportation management, logistics sourcing, freight forwarding, supply chain consulting, tax management and global trade compliance. Allyn clients range from small local businesses to Fortune 500 firms. Allyn conducts business in more than 20 languages and has extensive experience in both developed and emerging markets. Highly trained experts are positioned throughout North America, Europe and Asia and Allyn regional headquarters are strategically located in Fort Myers FL USA, Shanghai P.R. CHINA and Prague, CZECH REPUBLIC. For more information, log on to www.allynintl.com.