by DMJPS PLLC | Nov 30, 2022 | NonProfit, Tax Watch
After almost a year of negotiations, President Biden signed the Inflation Reduction Act (IRA) of 2022 into law on August 16. The law, which originated in 2021 as the much larger Build Back Better Act, includes more than $430 billion in tax credits and other incentives...
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 Bill Jones | Nov 15, 2022 | Audit and Accounting, Employee Benefit Plans, Tax Watch
Offering a retirement plan can be one of the most challenging, yet rewarding, decisions an employer can make. Employees, their beneficiaries, and the employer can benefit when a retirement plan is in place and they participate. However, administering a plan and...
by April Westmoreland | Nov 9, 2022 | Business Consulting, Professional Services, Tax Watch
The IRS has recently issued a warning to employers to be suspicious of third parties advising on claiming the Employee Retention Credit (ERC). Some third parties are reaching out to employers and claiming they meet the ERC requirements, when in fact they do not...
by Rollin Groseclose | Oct 20, 2022 | IRS, Tax Watch
Fourth Quarter Estimated tax payments for residents of certain states affected by Hurricane Ian for 2022 are due February 15, 2023, not January 15, 2023 On October 5, 2022, due to the effects of Hurricane Ian, the Internal Revenue Service announced that taxpayers in...
by Scott Laws | Oct 19, 2022 | Real Estate & Construction, Tax Watch
The Inflation Reduction Act (IRA) was signed into law on August 16, 2022. The provisions included in this law address a wide range of financial efforts targeted at reducing the deficit while providing some tax reductions and incentives. Contractors and building...
