The DMJPS Digest: A CPA Blog
Insights and musings from the desk of DMJPS professionals.
Financial Accounting Blogs for Businesses & Individuals
Are you perplexed by new tax laws and need advice on how to comply with the latest regulations? Do you want to improve your financial literacy so you can run a more efficient and profitable business? You’ve come to the right place. DMJPS PLLC’s accounting blog provides the latest insights and expert knowledge to help your business navigate a complex and ever-evolving industry.
DMJPS’ team of highly-experienced specialists provides expert advice and in-depth analysis of the latest news, trends, practices, and regulations to help you stay up-to-date on the most current developments. DMJPS’ accounting blog covers the most important financial reporting issues that affect many individuals, businesses, and organizations.
North Carolina IRC Conformity: Status Update
North Carolina is one of many states that have still not updated their conformity with the Internal Revenue Code following the passage of the One Big Beautiful Bill Act (OBBBA). As of today, the state continues to conform to the IRC as of January 1, 2023. We are...
Tariff Update: Refund Opportunities and What Businesses Should Know
Executive Summary Certain tariffs imposed under the International Emergency Economic Powers Act (IEEPA) were invalidated following a Supreme Court ruling, prompting U.S. Customs and Border Protection to launch a refund process for eligible businesses that previously...
North Carolina Economic Report – 2025 Fourth Quarter
Highlights: DMJPS is pleased to provide the fourth quarter 2025 economic update across North Carolina’s fifteen metro areas. Employment, average hourly wages, and taxable retail sales each reached new highs in the fourth quarter. At the same time, housing indicators...
North Carolina IRC Conformity Update: What Taxpayers Should Know Now
Executive Summary Until the General Assembly updates North Carolina’s conformity statute, taxpayers should anticipate additional adjustments, added compliance complexity, and potential filing delays. Proactive planning now can help you avoid missteps and identify...
North Carolina Economic Report – 2025 Third Quarter
Highlights: DMJPS is pleased to provide the third quarter 2025 economic update across North Carolina’s fifteen metro areas. While select indicators point to moderating growth --- including a slower pace of home price appreciation --- the state’s economy continued to...
Guidance for Employers on 2025 Tip and Overtime Income
Under the OBBBA (One Big Beautiful Bill Act) of 2025, employees can now get a deduction for some of their tips and overtime for the years 2025 to 2028. While this is an employee tax break (not an employer tax break), employers have reporting responsibilities for 2025...
North Carolina Economic Report – 2025 Second Quarter
Highlights: DMJPS is pleased to provide the second quarter 2025 economic update across North Carolina’s fifteen metro areas. Despite signs of moderating growth in some indicators, the state’s economy continues to show steady expansion, marked by broad-based job gains,...
Prepare Now: IRS to Require Electronic Refunds Starting September 30, 2025
Update: On September 25, 2025, Denise Davis, Director of the IRS Taxpayer Services Division, provided additional details regarding the IRS’ transition to electronic payments for tax year 2025 filings. Key highlights include: Main focus: Shifting to electronic payments...
IRS Clarifies 2024 R&D Expensing Rules for Businesses
The 2025 Tax Act, commonly known as the One Big Beautiful Bill (OBBB), reinstated expensing of research and experimentation or development (R&D) costs. For the last three years, all taxpayers have been required to capitalize domestic R&D costs and amortize...
What It Means to “Be Greater”: Reflections from the Future of Our Profession
At DMJPS CPAs + Advisors, our internship program is about more than learning how to prepare tax returns or navigate accounting software—it’s about helping the next generation of professionals grow into who they want to become. This spring, our interns not only...
Stay in the Know With DMJPS’ Business Accounting Articles
The world of finance and reporting often has many complex regulations that can frustrate even the best in the industry. DMJPS can simplify complicated issues to improve your understanding and help you make informed decisions. Our accounting blogs provide businesses and individuals with a wealth of guidance, insightful content, and actionable solutions to reduce impediments on your path to growth.
If you want to stay ahead of the latest developments and gain the most comprehensive insight into the world of accounting, invest your time in reading our CPA blog. DMJPS’ business accounting articles are written by our team of nationally-acclaimed specialists, offering educational resources, strategic advice, and practical solutions to help you fulfill your most pressing financial and tax obligations.
DMJPS Webinars
WEBINAR: Preparing Today for Tomorrow: Aligning Business Value and Exit Plans Webinar
Thursday, February 19 | 2 - 3 PM Presented by Sara Maddox, ABV, AM, CVA, EA
WEBINAR: Protecting Value: Structuring Business Deals for Tax Efficiency
Tuesday, January 20 | 2 - 3 PM Presented by Mike Gillis, CPA, PFS, CGMA and David Mize, CPA
WEBINAR: 2025 Year-End Tax Planning
Tuesday, November 4 | 2 - 3 PM Presented by R. Milton Howell III, CPA, CSEP and Rollin Groseclose, CPA, CGMA
WEBINAR: The Big Beautiful Bill Unpacked: Tax Planning, Compliance, and Changes for 2025 and Beyond
Thursday, July 17 | 2 - 3 PM Presented by R. Milton Howell III, CPA, CSEP and Rollin Groseclose, CPA, CGMA
WEBINAR: How Organizations Can Leverage Fractional CFO Services
Tuesday, February 11 | 11 AM - 12 PM Presented by Jennifer Billstrom, CPA
Tax Watch
Valuation’s Role in Transaction and Exit Planning
Business owners often think of an exit, whether through sale, succession, or retirement, as a distant future event. In reality, ownership change is inevitable. The question is not if your business will change hands, but when and how prepared you will be when it does....
Opportunity Zones After the 2025 Tax Bill: What Investors and Business Owners Need to Know
The 2025 tax law made major changes to the opportunity zone program. The biggest shift is that opportunity zones are no longer just a fading tax incentive from the 2017 tax law. The program is now a permanent part of the federal tax landscape, with updated rules for...
QOZ 2026 Countdown: What to Do Now Before Deferred Gains Become Taxable
The Key Event: Mandatory Gain Recognition in 2026 December 31, 2026 is the date when deferred gains become taxable. The originally deferred gain becomes taxable in 2026, regardless of whether the investment has been sold This gain must be reported on the 2026 tax...
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