by Dean Harkleroad | Dec 12, 2023 | Audit and Accounting, Employee Benefit Plans, Tax Watch
Congress passed the SECURE 2.0 Act as part of the Consolidated Appropriations Act (CAA) of 2023. It gets its name from the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019, which made numerous changes to IRAs, 401(k)s and other popular...
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 Laura Hartley | Nov 20, 2023 | Tax Watch
Fraud can have troublesome effects on not-for-profit organizations (NFPs). For-profit businesses, generally speaking, exist for the primary purpose of making money. They may rely on the quality of their goods or services to protect their operations, even if they have...
by DMJPS PLLC | Sep 20, 2023 | Tax Watch
On September 14, 2023, the IRS announced that it is halting new Employee Retention Credit (ERC) processing requests and will provide tougher review of the estimated 600,000 ERC applications currently in its queue due to the large number of fraudulent claims it has...
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 DMJPS PLLC | Aug 8, 2023 | Announcements, Tax Watch
GREENSBORO, NC – North Carolina CPA + Advisory firm, DMJPS PLLC, is proud to announce that the firm has been recognized as a U.S. Top 200 Firm, according to INSIDE Public Accounting (IPA), a national publication serving the accounting profession. IPA’s annual rankings...
