Tax Planning Articles

Tax Planning Articles

Tax Watch

SBA Issues PPP Loan Update on Forgiveness Eligibility

Now that the Paycheck Protection Program (PPP) loan application period has ended, businesses that have taken PPP loans are concerned about meeting eligibility for loan forgiveness. PPP loans are generally forgivable if a business uses at least 60% of the loan proceeds...

read more

Red Flags That Can Trigger An IRS Business Audit

The possibility of an IRS audit haunts many businesses, but what factors contribute to that risk? For example, have business processes been implemented to sufficiently capture required documentation, such as withholdings and withholding taxes? Has the business been...

read more

The Cone of Uncertainty

If you are in the cone when a hurricane approaches, you know when to start preparations for the upcoming storm. 2020 has been a very long stormy year for the business community and for tax professionals.

read more

The Aftermath of the Paycheck Protection Program (PPP)

BACKGROUND On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act, enacting it into law. The bill had been passed overwhelmingly, in a bipartisan manner, by both the House and Senate, as legislators struggled to take action to...

read more

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).

read more