Mary Gregory
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Mary Gregory is a Partner with the accounting firm of Weil, Akman, Baylin & Coleman, P.A. in Timonium, Maryland. She is a CPA with concentrations in business and taxation. She was a partner in Jones Hall Advisors until merging her firm in 2013. She is a founding member of the Christian Professional Network.
Mary Gregory's Latest Posts
New E-Filing Requirements for Tax-Exempt Organizations
Under a little-noticed provision buried deep in the Taxpayer First Act, tax-exempt organizations will be required to file certain information returns and related forms electronically. Background Information The Taxpayer First Act, signed by President Trump on July 1, 2019, requires the IRS to modernize operations and improve taxpayer protections. Accordingly, most of the provisions in the new […]
Expanding Retirement Plan Options for Small Businesses
A new final rule from the U.S. Department of Labor (DOL) clarifies some of the ins and outs of multiple employer plans (MEPs). These are defined contribution retirement plans — such as 401(k) plans — that are sponsored by an association or employer group on behalf of member employers. The idea behind multiple employer plans (MEPs) is […]
Using Artificial Intelligence In The Business World
With the rise of artificial intelligence (AI), businesses across almost every sector find themselves entering uncharted territory. While still in its infancy, AI offers the potential to transform virtually every aspect of how companies operate. Brave New World AI is expected to increase revenue and profits, lower costs, drive improvements in customer service and assist in the creation of […]
Going Cashless? Exploring the Cashless Movement in Retail
Cash as a form of legal tender isn’t yet as obsolete as 8-track tapes and VCRs. But it’s definitely less popular with certain demographic groups than others. Only 30% of all retail transactions were completed using cash in 2018. This is down from 40% in 2012, according to the Federal Reserve. And that trend is expected […]
Crowdsourcing May Help Solve Your Staffing Needs
When you think of “crowdsourcing,” you probably think about people trying to raise money for a charitable purpose from friends, acquaintances and like-minded people on the Internet. But in the world of recruiting, crowdsourcing has now caught on in a big way. A Strong Platform Much of the work of a recruitment agency, in addition […]
Looking for a Business Loan? Be Prepared
If you’re building up a small business but haven’t yet needed to borrow funds to expand or smooth out cash flow irregularities, you’re doing something right. Or if you have borrowed and everything went smoothly, kudos again. Otherwise, keep in mind that anticipating the need for credit well in advance will put you in a much […]
7 Year-End Tax Planning Moves for Small Businesses
Small Business owners still have time to significantly reduce their tax bills for 2018. Here are seven year-end moves to consider, taking into account changes included in the Tax Cuts and Jobs Act (TCJA). 1. Claim 100% Bonus Depreciation for Asset Additions Thanks to the TCJA, 100% first-year bonus depreciation is available for qualified new and used […]
Goodwill: Personal or Business — and Why Does It Matter?
You can’t touch goodwill, but it’s one of the most valuable assets for many businesses. Commonly associated with professional service firms, goodwill can also exist among manufacturers, retailers, contractors and other types of businesses. Valuing intangible assets, including goodwill, requires the use of a business valuation professional to get it done right. Getting a Handle […]
Navigating the New Qualified Business Income Deduction
The tax reform legislation that Congress signed into law on December 22, 2017 was the largest change to the tax system in over 3 decades. The new tax code contains many provisions that will affect individual, estate, and corporate taxpayers. One of those changes includes the Qualified Business Income Deduction, a new tax benefit allowing […]
Reverse Mentoring: Moving Seasoned, Younger Workers into High Gear
Reverse-mentoring isn’t a new concept, nor is it widespread, though many companies could benefit from such a program. Pioneered at General Electric some two decades ago, the basic concept is that younger employees have a lot to teach older ones about work-related matters. In some corners of the business world, the idea is broadened to […]
