Did you hear the good news? There’s a new cybersecurity tax credit for Maryland small businesses. Your business can claim a credit on your Maryland income tax equal to 50% of the cost to purchase qualified cybersecurity products and services, up to a maximum of $50,000.
This year, the state legislature passed a landmark tax credit for Maryland small businesses called Cybersecurity Incentive Tax Credits (SSB0228).
This program is a massive win for everyone in Maryland because small businesses are some of the most vulnerable targets for cyber-attacks.
Why? Because they don’t think it will happen to them and they don’t have the resources to prevent an attack. The SSB022 changes this narrative. With these tax credits, Maryland small businesses can now better afford to protect themselves, their customers, and other users from cybersecurity attacks.
The qualifications for the tax credits are straightforward. Your business is eligible if you are a Maryland entity with fewer than 50 full-time employees.
Also, you must purchase cybersecurity products and services from an MD company. This MD company must meet the state’s specified requirements. MRW Systems’ NetGarde service meets these requirements.
NetGarde takes enterprise-level security and puts in into the hands of small and mid-size business owners.
Our cybersecurity service calibrates the level of service to the level of risk. We’ve made it affordable to implement enterprise-level security. Our service protects sensitive data by implementing robust security solutions, employing highly-trained security experts, and educating your employees.