by Mike Smith, CPA, CHBC | Nov 28, 2023 | Fraud, Healthcare, International, Manufacturing & Distribution, Professional Services, Real Estate & Construction, Tax, Tax Consulting, Tax Watch
Executive Summary A new federal law will require small business entities to submit their beneficial owners’ identification documents to a federal database in 2024. Aimed at combatting global financial crime, the Corporate Transparency Act (CTA) will affect an...
by DMJPS PLLC | Oct 9, 2023 | Business Consulting, Business Valuation, Economic Reports, Manufacturing & Distribution, Mergers & Acquisitions
Highlights: DMJPS is pleased to provide a statewide quarterly economic report with highlights of North Carolina’s fifteen metros for the 2nd Quarter of 2023. These state indicators show sustained and positive growth amidst a continued low unemployment rate. • In the...
by Jessica Robinson | Aug 31, 2023 | Manufacturing & Distribution, Tax Consulting, Tax Watch
Businesses are able to take advantage of numerous tax credits that incentivize certain activities. The research and development (R&D) credit, for example, allows companies to claim a tax credit for expenses related to improving existing products or services or...
by David A. Mize, CPA | Mar 14, 2023 | Business Consulting, Manufacturing & Distribution, Tax, Tax Consulting, Tax Watch
Filing deadlines for the 2022 tax year are fast approaching. Several changes have occurred in the Internal Revenue Code (IRC) and IRS procedures that could affect many partnerships and other businesses. The following provides an overview of some of these changes, as...
by David A. Mize, CPA | Mar 14, 2023 | Business Consulting, Hospitality & Restaurants, Manufacturing & Distribution, Mergers & Acquisitions, Real Estate & Construction, Tax, Tax Consulting, Tax Watch, Transportation & Trucking
In many cases, businesses simply pay state and local income taxes without giving them much thought. These taxes are often far less than federal tax obligations, so they are not as intimidating. However, state and local taxes actually make up a significant portion of a...
by Donna Boyette | Sep 8, 2022 | Business Consulting, Manufacturing & Distribution, Real Estate & Construction, Tax, Tax Consulting, Tax Watch
The Inflation Reduction Act (IRA) of 2022 provides massive amounts of incentives for clean energy, zero-emissions vehicles, energy-efficient buildings, and other “green” technologies. One such provision amends the energy-efficient commercial buildings deduction...
