News

bFile System Ready for RELIEF Act Sales & Use Tax Credit

bFile System Ready for RELIEF Act Sales & Use Tax Credit | CPA in Harford County | Weyrich, Cronin & Sorra

Maryland Comptroller Peter Franchot announced on Tuesday, May 18th that the State’s bFile system is now available for qualified business owners to claim a Sales and Use Tax Credit under the Relief Act of 2021.

If vendors report $6,000 or less in gross collected sales tax in that period, $3,000 will be the tax credit. If less than $3,000 of sales tax was collected, the credit will be the amount of sales tax collected, bringing the balance owed for that period to zero.

To be eligible for the credit, business owners must file timely returns and sales collections for March, April and May cannot exceed $6,000. The returns are typically filed in April, May, and June. However, the filing deadline for those months have been extended to July 15, 2021.

Read More Here.

 

As always, please do not hesitate to call our offices for additional information and to speak to your representative about how this could affect your situation.

Recent News

News

Baltimore Sun Names WCS Winner of Top Workplaces 2022 Award

We're proud to announce that we've been named a Top Workplace by the Baltimore Sun for 4 years running! A big thank you to all employees who…
WCS Personalizes Every Client Encounter | accounting firm in md | Weyrich, Cronin & Sorra

News

WCS Personalizes Every Client Encounter

Accounting for the Importance of Culture By Tracy Fitzgerald | Maximilian Franz Photography There’s something special about WCS Accounting.…
Best of Harford Voting Begins! | accountant in harford county | Weyrich, Cronin & Sorra

News

Best of Harford Voting Begins!

The Best of Harford contest began on November 13 and Weyrich, Cronin & Sorra is up for Best Accountant. Please consider voting for us! Click…

Connect with us

Use the form below to send us an email. WCS responds directly to all inquiries and general questions within 24 hours of posting.

This contact form is deactivated because you refused to accept Google reCaptcha service which is necessary to validate any messages sent by the form.