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.
Biden’s Tax Plan: Infrastructure Growth Through Increased Spending and Corporate Taxes
How will President Biden's plans for our country change your company's strategy for taxes? With big plans for making changes to our country's infrastructure, as well as modernizing and improving our transportation system, these changes will have a big impact on new...
IRS Issues Additional Guidance on Employee Retention Credit for 2021
The IRS recently issued new guidance regarding the Employee Retention Credit (ERC) as a result of the American Rescue Plan (ARP) passed by Congress in March 2021. WHAT IS THE ERC? The ERC was originally passed in March 2020 as a part of the Coronavirus Aid, Relief,...
Small Business 2021 Tax Season Tips
The 2021 tax season will be unlike any other given the unprecedented health and economic impact resulting from the coronavirus pandemic. This year, it will be more important than ever to be prepared for tax season. Here are some helpful tips to ensure your small...
Telemedicine Services May Be Subject to State Taxes
The growth of telemedicine services due to the COVID-19 pandemic brings new considerations and concerns to provider organizations over state tax liability. Those providers that deliver telemedicine services beyond their home state must consider other states’...
COVID-19 and the Impairment of Intangible Assets
Intangible assets are sometimes the most significant asset on a company’s balance sheet. In the technology and life sciences sectors, those assets, which are specifically identifiable, include licenses, patents, intellectual property, and in-process research and...
IRS Provides Clarity for Additional COVID-19 Relief Under Cafeteria 125 Plans
Additional Relief under 125 Cafeteria Plans for Employers and Employees IRS Notice 2021-15 provides clarity for additional relief related to COVID-19 under Cafeteria 125 Plans. The Taxpayer Certainty and Disaster Tax Relief Act of 2020 (the Act) provide temporary...
Changes to PPP Announced by Biden Administration Aimed at Boosting Small and Minority -Owned Businesses
The Biden Administration recently announced updates to the Paycheck Protection Program (PPP), created to help small businesses impacted by the coronavirus pandemic continue their business operations. The changes suggested by the Biden administration were established...
Planning Ideas & Observations: The American Rescue Plan Act of 2021
The American Rescue Plan Act of 2021 (ARPA) was passed by the Senate on Saturday, March 6, 2021, and by the House on Wednesday, March 10. The President has signed it into law. SUMMARY OF THE PERSONAL TAX PROVISIONS Unemployment compensation in 2020 may not be taxable....
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...
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.