The DMJ & Co., PLLC Digest: A CPA Blog
Insights and musings from the desks of our professionals.
The DMJ Digest: A CPA Blog
Insights and musings from the desks of DMJ professionals.
Financial Accounting Blogs for Businesses & Individuals
Are you perplexed by new tax laws and need advice on how to comply with the latest regulations? Do you want to improve your financial literacy so you can run a more efficient and profitable business? You’ve come to the right place. DMJ & Co., PLLC’s accounting blog provides the latest insights and expert knowledge to help your business navigate a complex and ever-evolving industry.
As a U.S. Top 300 accounting firm, our team of highly-experienced specialists provides expert advice and in-depth analysis of the latest news, trends, practices, and regulations to help you stay up-to-date on the most current developments. DMJ’s accounting blog covers the most important financial reporting issues that affect many individuals, businesses, and organizations.
Cybersecurity Risks to Medical Devices: How Real is the Threat?
Although medical devices are a critical part of patient care, they continue to pose cybersecurity risks to patient care and system data. These devices often are connected to a healthcare provider’s network and other devices within the network system, enabling...
PPP Loan Forgiveness: State Tax Implications
One of the greatest concerns for small business owners following COVID-19 stimulus legislation last year was whether loans forgiven under the Paycheck Protection Program (PPP) would be taxable. While Congress never intended the loans to be taxed, the IRS determined...
IRS Helps All Taxpayers Combat Tax Return Identity Theft
Tax identity theft is a serious issue for the IRS as fraudsters continue to find new ways to steal taxpayers’ Social Security numbers and other personal information to file false tax returns. According to a 2019 U.S. Government Accounting Office report, the IRS...
Employer-Owned Life Insurance Benefits May Be Subject to Income Tax
As a business owner or employee benefits specialist, you may be aware that the Pension Protection Act was enacted in 2006 to increase oversight of retirement accounts and hold businesses accountable for underfunded accounts. However, what many employers don’t know is...
Business Owners Can Overcome Common Business Exit Obstacles
Business owners probably think of retirement as a time to let go of all business stresses and to finally begin relaxing. Surprise—according to a recent study, more than 70% of former owners regret selling their companies less than a year after the sale. What causes so...
FASB Releases Guidelines to Nonprofits on Reporting Gifts-in-Kind
The Financial Accounting Standards Board (FASB) has released ASU 2020-07, Not-for-Profit Reporting of Gifts-in-Kind. The purpose of the ASU is to improve GAAP reporting by increasing the transparency of the presentation and disclosure of contributed nonfinancial...
What Your Business Should Know About the Consolidated Appropriations Act of 2021
According to the Senate Historical Office, the Consolidated Appropriations Act of 2021 may be the largest single item of legislation in American history. It has been passed by Congress but is waiting on the President to sign it before it is final law. “The Act” is...
$900 Billion COVID-19 Relief Bill Passed by Congress
It took months of contentious negotiations, but on the evening of December 21, Congress voted to approve a second stimulus package intended as a relief measure for businesses and individuals adversely affected by the COVID-19 pandemic. The $900 billion pandemic relief...
PPP Expenses are Deductible
Last night, December 21, 2020, the House and Senate passed the Consolidated Appropriations Bill of 2021, a mammoth 5593-page law. The legislation includes several tax measures, including a Coronavirus relief bill titled the "COVID-related Tax Relief Act of 2020." This...
Forbes Again Names DMJ One of America’s Top Recommended Tax and Accounting Firms
DMJ & Co., PLLC (DMJ), a U.S. Top 300 CPA and accounting firm, has been named as one of America’s Top Recommended Tax and Accounting Firms by Forbes Magazine for the second year in a row. In partnership with market research company, Statista, the award list was...
Stay in the Know With DMJ’s Business Accounting Articles
The world of finance and reporting often has many complex regulations that can frustrate even the best in the industry. DMJ’s accounting specialists simplify complicated issues to improve your understanding and help you make informed decisions. Our accounting blogs provide businesses and individuals with a wealth of guidance, insightful content, and actionable solutions to reduce impediments on your path to growth.
If you want to stay ahead of the latest developments and gain the most comprehensive insight into the world of accounting, invest your time in reading our CPA blog. DMJ’s business accounting articles are written by our team of nationally-acclaimed specialists, offering educational resources, strategic advice, and practical solutions to help you fulfill your most pressing financial and tax obligations.