by David A. Mize, CPA | Mar 14, 2023 | Business Consulting, Hospitality & Restaurants, Manufacturing & Distribution, Mergers & Acquisitions, Real Estate & Construction, Tax, Tax Consulting, Tax Watch, Transportation & Trucking
In many cases, businesses simply pay state and local income taxes without giving them much thought. These taxes are often far less than federal tax obligations, so they are not as intimidating. However, state and local taxes actually make up a significant portion of a... by DMJPS PLLC | Feb 23, 2023 | Business Consulting, Healthcare, Hospitality & Restaurants, Tax Watch, Technology, Technology Consulting
Cybersecurity is a never-ending job. Hackers and other bad actors are always adapting their tactics in order to overcome the latest security measures. Businesses must then modify their cybersecurity practices to counter new threats. The cycle continues again and... by DMJPS PLLC | Jun 27, 2022 | Hospitality & Restaurants, Tax Watch
If there’s one thing that’s true about the restaurant industry, it’s that it can be very volatile at times. But the pandemic and many additional factors have created an even more extreme roller coaster of issues than usual. Shutdowns, restrictions, reopening and... by Mason Barringer, CPA, CFE | May 10, 2022 | Hospitality & Restaurants, Tax Watch
The American Rescue Plan Act of 2021, signed into law on March 11, 2021, by President Biden, is a $1.9 trillion economic stimulus package enacted to assist with the United States’ recovery from the COVID-19 pandemic. While this Act addressed many key elements,... by DMJPS PLLC | Dec 10, 2021 | COVID-19 Services, Hospitality & Restaurants, Tax Watch
NC SB105 established a Business Grant Recovery Program to provide relief to businesses that suffered economic loss during COVID-19. The business must be subject to NC income tax in order to qualify. Economic loss for the purpose of this grant is defined as a 20%... by DMJPS PLLC | Oct 12, 2021 | Business Consulting, Hospitality & Restaurants, Professional Services, Tax Consulting, Tax Watch
Recent changes to the Internal Revenue Code (IRC) have made it possible for organizations to qualify for the Employee Retention Credit (ERC). This change can have a big impact on whether organizations can qualify using Safe Harbor. The Rev. Proc. 2021-33, issued on...