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.
ERC – IRS Takes Dramatic Action, What Businesses Need to Know
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...
New Bill Pending in Congress Could Improve the R&D Credit and Make Other Tax Code Changes
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...
DMJPS Earns Top 200 Firm Ranking by INSIDE Public Accounting
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...
Effective Grant Management and Proper Accounting Procedures for Nonprofits
Grants are an important part of nearly every nonprofit organization’s funding structure and budget. Whether the nonprofit is new and receiving its first grants for start-up activities, or large and well-established with hundreds of multiyear grants from federal...
Proposed Small Business Jobs Act Offers Incentives for Investments in Businesses, Opportunity Zones
On June 13, 2023, the Ways and Means Committee of the U.S. House of Representatives voted favorably on H.R.3937, the Small Business Jobs Act (SBJA). Supporters say the bill would help small businesses and gig economy workers, encourage small business investment and...
North Carolina Economic Report – 2023 First Quarter
Highlights: DMJPS is pleased to provide a statewide quarterly economic report with highlights of North Carolina’s fifteen metros for the 1st Quarter of 2023. Compared to first quarters historically, in various indicators we see new high points for first quarters...
Simplify Your Finances: The Benefits of Using a Bill Pay Vendor like Bill.com
Managing finances can be a daunting task, especially when it comes to paying bills. The process of juggling multiple payments, due dates, and invoices can consume valuable time and energy. Thankfully, modern technology has paved the way for convenient solutions, such...
Avoid These 8 Common Accounting Mistakes for Small Businesses
Running a small business presents many challenges, which can draw one’s attention in multiple directions at once. Keeping track of a company’s finances is essential to its long-term success and growth. Unfortunately, far too many small business owners do not pay close...
Decrease Audit Stress with These 5 Tips
Audits can be very stressful. Organizations must get audits right to ensure compliance with a variety of local laws and regulations. They must show that financial information is represented fairly and accurately, and in accordance with all relevant accounting...
IRS Unveils 2023 Dirty Dozen
Every year, the IRS compiles a list of 12 tax scams that could target or affect taxpayers, known as the “Dirty Dozen” list. It advises tax professionals and taxpayers, both individuals and businesses, to keep an eye out for these types of scams. While the IRS...
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.
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Tax Watch
Tax Tips For Selling Real Estate
In 1789, Benjamin Franklin stated in a letter to a friend, “… in this world nothing is certain except death and taxes.” Over 200 years later, both of these observations seem to still hold true. However, with some awareness of the rules and proper planning, taxes can...
Qualified Charitable Distributions – A Powerful Tool for Those Who Qualify
In today’s world of higher standard deductions and fewer itemized deductions, the Qualified Charitable Distribution (“QCD”) is a powerful tool that should be considered. For eligible taxpayers who have charitable obligations to meet, this is a winning strategy with...
How Changes to Form 5500 Rules May Affect Audit Requirements
Employers that sponsor employee benefit plans (EBPs) must ensure that they comply with federal laws enforced by the IRS and the U.S. Department of Labor (DOL). The government uses Form 5500 to collect information about EBPs and monitor employers’ legal and regulatory...
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