Blog

Coaching a Football Team

by Tracey Hrica, EA Dec 07, 2019

My husband Ken is a die-hard football fan. So, about 6 or 7 years ago, I decided I wanted to get involved in fantasy football  so that I could share in his hobby.  You can say that I got hooked.  We both belong to multiple, year long fantasy leagues, and are addicted to Draft Kings…although Ken’s idea of a big bet is $.25, but that’s another story.  We’ve both made the playoffs in our main league, so there is a little less p...

How Much Does it Cost to Raise a Child?

by Tracey Hrica, EA Dec 04, 2019

How much does it cost to raise a child? Based on figures from 2015 shown on the infographic below - $233,610!! Luckily, the U.S. tax code offers a variety of tax breaks for parents. Here’s a look at the most popular ones. Child Tax Credit: This tax break was expanded under the Tax Cuts and Jobs Act (TCJA). Starting with the 2018 tax year, the new law increased the Child Tax Credit (CTC) from $1,000 to $2,000. Since it's a credit, ...

Do You Have a Business Plan? If Not, Here is Why You Need One

by Tracey Hrica, EA Nov 29, 2019

This article has been updated.  Find the latest here:  Do You Have a Business Plan? If Not, Here is What You Need to Know...

11 Tips to Reduce Your 2024 Tax Liability

by Ken Hrica, CPA Nov 21, 2019

*Updated 11/26/24 The end of the year is quickly approaching, and now is the perfect time to take control of your taxes. Regardless of whether your business had an outstanding year, encountered unforeseen challenges, or is just starting out, there is still time to implement strategic moves that could significantly reduce your tax bill for 2024. Ready to explore actionable strategies to reduce your tax liability? Let’s dive into nine ...

Considering starting a new business?

by Tracey Hrica, EA Nov 21, 2019

This post has been updated.  You can find it here: https://www.centuryaccounting1.com/2020/07/22/6-easy-steps-to-get-your-new-business-started/...

Latest Articles

Maryland’s Shop Maryland Energy Weekend: What It Is, Why It Matters, and What to Know

It has been cold lately. The kind of cold where al...


Traditional IRA’s – A Tax Move You Can Still Make for 2025

Ken and I went to see Chicago the musical last wee...


2026 Standard Mileage Rate: What Business Owners Need to Know

As we jump into tax season each year, Ken and I no...


New Car Loan Interest Deduction in Maryland: What the One Big Beautiful Bill Means for Your Taxes

If you purchased a new vehicle recently — or are...


One Big Beautiful Bill Act 2025 Explained: How One Family Saved on Taxes

The Fourth of July didn’t just bring fireworks t...