by DMJPS PLLC | Feb 23, 2023 | Business Consulting, Healthcare, Hospitality & Restaurants, Tax Watch, Technology, Technology Consulting
Cybersecurity is a never-ending job. Hackers and other bad actors are always adapting their tactics in order to overcome the latest security measures. Businesses must then modify their cybersecurity practices to counter new threats. The cycle continues again and...
by DMJPS PLLC | Feb 16, 2023 | Tax Watch
On December 29, 2022, President Biden signed the Consolidated Appropriations Act (CAA) of 2023 into law. The bill appropriates approximately $1.7 trillion for fiscal year 2023 and makes several significant changes to the Internal Revenue Code (IRC). The new tax laws...
by Drew Haddock | Jan 23, 2023 | Tax Watch
Effective for tax years beginning after 2021, all research and experimental (R&E) expenditures paid or incurred in connection with a trade or business are required to be capitalized and amortized for tax purposes. This was a revenue raising item in the Tax Cuts...
by Caren Rodriguez | Jan 10, 2023 | Tax, Tax Consulting, Tax Watch
As a new year begins, we want to remind those doing business in North Carolina of a commonly overlooked withholding requirement. General Requirements: Businesses are required to withhold North Carolina state income tax at a rate of 4% on payments to any of the...
by Dorinda Bennett | Jan 9, 2023 | Audit and Accounting, NonProfit, Tax Watch
Government funding brings some rather complicated reporting and auditing requirements. This can apply to both for-profit businesses and not-for-profit organizations (NFPs) that receive federal funding. NFPs should be aware of their auditing obligations under...
by Karen Gray | Dec 2, 2022 | Healthcare, Tax Watch
Provider Relief Funds (PRF) were provided to healthcare providers to address issues with lost revenues and increased expenses related to the COVID-19 pandemic. By providing these funds, the government attempted to foster and maintain the national health system so that...
