Tax Planning Articles
Tax Planning Articles
Tax Watch
Tax Implications of Working Remotely
DMJ & Co., PLLC advises that several states have waived nexus for employees working remotely during the COVID-19 emergency.
PPP Loan Application Simplified
DMJ & Co., PLLC explains that the PPP loan forgiveness application has been simplified, and a new EZ option was introduced to streamline the application process (forms included).
Payroll Protection Program Application Deadline Extended to August 8
DMJ & Co., PLLC provides details of the PPP loan forgiveness application extension signed in early July by President Trump.
IRS Allows Extra Time on 60-Day Rollovers in 2020
In Notice 2020-51 issued 6/23/2020, the IRS announced an extension of the 60-day rollover period until 8/31/2020.
Paycheck Protection Program Updates
The Paycheck Protection Program (PPP) under the CARES Act continues to evolve, almost on a daily basis. While this program is not really a tax initiative, it does have an impact on tax filings. Moreover, the sheer volume and frequency of the administrative rule changes seems unmatched in recent legislative history.
Potential Protective Claim For Refund For 2016 Through 2018
We are watching the case of Texas v. US, which is challenging the constitutionality of the tax provisions of the Affordable Care Act (“ACA”). The US Supreme Court (the “Court”) has agreed to hear this case earlier this year. As part of the funding for the ACA when it was enacted, several taxes were created.
R&D Tax Credits – A Viable But Misunderstood Opportunity for Economic Relief
As companies struggle with cash flow issues during the COVID-19 pandemic, DMJ & Co., PLLC highlights potential refund opportunities related to prior year research and development (R&D) costs.
What Are My Options for Setting Up My Business?
DMJ & Co., PLLC shares insights and suggestions for different ways to set up a business.
Paycheck Protection Program Flexibility Act of 2020
On June 3, 2020, the Senate passed the Paycheck Protection Program Flexibility Act of 2020 (the “Flexibility Act”) by unanimous consent. The House had previously passed the bill overwhelmingly and the President is expected to sign it.
PPP Loan Forgiveness Application is Released
What did we learn from the PPP loan forgiveness application? DMJ & Co., PLLC’s Director of Tax Services, Milton Howell, provides a detailed analysis of the application for forgiveness, that was issued on Friday, May 15, 2020.