by Milton Howell, CPA | Jul 10, 2024 | Mergers & Acquisitions, NonProfit, Tax, Tax Consulting, Tax Watch
In today’s world of higher standard deductions and fewer itemized deductions, the Qualified Charitable Distribution (“QCD”) is a powerful tool that should be considered. For eligible taxpayers who have charitable obligations to meet, this is a winning strategy with...
by Milton Howell, CPA | May 9, 2024 | Audit and Accounting, Business Consulting, Business Valuation, Manufacturing & Distribution, Professional Services, Real Estate & Construction, Tax Watch
Beneficial Ownership Information (“BOI”) reporting is a new federal law requirement estimated to impact more than 30 million businesses beginning January 1, 2024. In general, any entity, domestic or foreign, created by filing a document with a secretary of state (or...
by Milton Howell, CPA | Nov 16, 2022 | Business Consulting, Professional Services, Real Estate & Construction, Tax, Tax Consulting, Tax Watch
The purpose of this memo is to alert you to a tax issue which has penalized you since 2018, and an opportunity to mitigate this – new for 2022. After you have had a chance to digest this information, please reach out to your DMJPS contact to discuss whether you should...
by Milton Howell, CPA | Aug 18, 2022 | Tax, Tax Consulting, Tax Watch
On August 16, 2022, President Joe Biden signed the Inflation Reduction Act of 2022 (“IRA”) into law. This bill has passed both the House and Senate along party lines. A summary of observations and insights are listed below. The corporate AMT returns for...
by Milton Howell, CPA | Jun 8, 2022 | Healthcare, News, Tax Watch
WHAT IS IT? Under Obamacare (The Patient Protection and Affordable Care Act of 2010, or the “ACA”) a PCOR fee is applied to certain health plans. PCOR stands for “Patient Centered Outcomes Research.” A PCOR fee applies annually for 1/1/2013 through 12/31/2021. WHO HAS...
