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.
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...
Restaurant Revitalization Fund
The American Rescue Plan Act of 2021, signed into law on March 11, 2021, by President Biden, is a $1.9 trillion economic stimulus package enacted to assist with the United States’ recovery from the COVID-19 pandemic. While this Act addressed many key elements,...
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....
How Will the American Rescue Plan Help America?
The House of Representatives recently passed the American Rescue Plan aimed at helping American individuals, families, and businesses recover financially from the coronavirus pandemic. The Senate made some changes and passed the amended measure on Saturday, March 6....
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.