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…
Let Data Speak for Itself! How Data Visualization Can Spark Leadership Engagement and Gain New Insights
Are you confident that you are presenting financial data effectively? Are the exceptions and significant changes over time in your financial data obvious at just a glance? Does your reporting…
Tax Filing Tips for 2022
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…
5 Items to Consider Before Making Your Next State and Local Tax Payment
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…
Tax Time Guide: Using electronic payment and agreement options for taxpayers who owe can help avoid penalties and interest
The IRS has released a series called the Tax Time Guide, a resource to help taxpayers file an accurate tax return. Additional help is available in Publication 17, Your Federal Income…
6 Tips to Protect Your Business from Ransomware Attacks in 2023
Cybersecurity is a never-ending job. Hackers and other bad actors are always adapting their tactics in order to overcome the latest security measures. Businesses must then modify their cybersecurity practices…
Client Alert: State Passthrough Tax
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…
IRS Warns About Fraudulent and Improper Employee Retention Credit “Help”
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…
A Quick Summary of the Inflation Reduction Act
The Inflation Reduction Act (IRA) of 2022 impacts a wide variety of areas, from climate to health care. While several areas are covered, there are two main goals. First, the…
Tax Savings for Energy-Efficient Commercial Buildings in the Inflation Reduction Act
The Inflation Reduction Act (IRA) of 2022 provides massive amounts of incentives for clean energy, zero-emissions vehicles, energy-efficient buildings, and other “green” technologies. One such provision amends the energy-efficient commercial…
Best Practices in Business Budgeting and Forecasting
DMJPS explains how annual business budgeting and forecasting can create a solid path for growth and cost management.