The Maryland Association of CPAs posted a great article outlining Maryland’s new corporate reporting requirements. The article provides and outstanding overview that is easy to understand.

It was written by SC&H Group’s Beverly A. Richard, CPA, MST, who is chair of the MACPA’s State Tax Committee. I came across it via MACPA’s CPA Success blog.

As we mentioned earlier this week the new requirements are the result of legislation passed in the 2007 special session. During the 2008 session, the Maryland Chamber, in partnership with numerous other business organizations, worked to secure passage of SB 444 and HB 664, which reduced the most onerous and unnecessary aspects of the corporate reporting requirements.

For more information, email the Chamber’s State Taxation Consultant Karen Syrylo, CPA at ksyrylo@mdchamber.org.