Tax Planning Articles

Tax Planning Articles

Tax Watch

Our tax planning articles give you the actionable information you need to be prepared for your financial future. With the help of a DMJ tax planning CPA, you can better understand tax code changes, new legislation, analysis, and some of the biggest issues facing businesses and individuals. They are a resource for professionals who want to position their business for tax time and provide a baseline of information that will help you better understand and engage with your own tax planning accountant.

The Tax Information You Need

Our tax planning articles offer insight into some of the biggest concerns facing your business’s financial planning. Up-to-date resources are structured to provide the information you need. When you follow up with your tax planning CPA, they’ll address your specific challenges unique to you or your situation. 

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...

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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...

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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...

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New Round of PPP Loans Available for Qualified Applicants

Background On 12/27/2020, the President signed into law the Consolidated Appropriations Act of 2021. This legislation, which spans 5,593 pages, was the longest bill ever passed by Congress. The bill provides $900 Billion in stimulus relief to support the United States...

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$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...

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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...

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Strategies That Work

Every business and individual is different, but our tax planning articles are meant to get you up-to-speed fast. Contact a tax planning accountant at DMJ to review how the tax changes may affect you, and what can be done to minimize the impact. For over 70 years, clients have trusted DMJ & Co., PLLC, to help chart the right financial course. Contact us today to find out how an experienced tax planning specialist can help you or your business.