by Samantha Suozzi | May 23, 2023 | Tax, Tax Consulting, Tax Watch
Health savings accounts (HSAs) are an often overlooked tax planning tool that can not only save you taxes now but can also be used for wealth-building and retirement planning. If you are eligible to contribute to an HSA there are many benefits, some of which are often...
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 Kerrie Brown | Mar 2, 2023 | Tax, Tax Consulting, Tax Watch
You may generally request an additional 6 month extension to file your personal or business tax return. Filing this extension allows more time to gather all the required information to accurately file the tax return. There is not a penalty for filing an extension but...
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 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...
