Coronavirus relief bill includes deductibility of expenses paid with proceeds of a forgiven PPP loan, direct payments, extension of federal unemployment benefits, extension and expansion of employee retention tax credit and more.
Companies outsource payroll, IT and other functions, but often don’t realize the many advantages of an outsourced CFO.
Certain otherwise excludable fringe benefits are required to be included as taxable wages when provided to a 2% S corporation shareholder.
Keep up with key trends in the nonprofit industry & the continuing impact of COVID-19 with the BDO Nonprofit Standard Winter 2020 newsletter.
The CARES Act made a number of changes to the rules relating to employee fringe benefits; make sure you are up-to-date.
This year-end may not be the same as last year when it comes to 2020 payroll taxes and compensation and benefits matters.
Whatever 2021 may hold, you will want to give consideration to these year-end tax savings strategies for businesses.
In today’s business environment, you need a CFO who can rise to the challenge and bring more than a knack for financial analysis to the table.
Reap the benefits of a 2020 office lease audit by asking these questions and making the necessary preparations now.
IRS addresses the question “are PPP loan expenses deductible ?” in Revenue Ruling 2020-27 but many believe it contradicts intent of Congress.
Acting now on financial planning opportunities will help you build momentum into the start of 2021 in achieving your financial goals.
If you received a Paycheck Protection Program (PPP) loan AND want to take advantage of the R&D tax credit, make sure you understand the potential impact of PPP loan forgiveness.
DMLO was selected as a Small Business of the Year finalist in the 2020 GLI Inc.credible Awards program.
Successful year-end tax planning involves knowing which direction future rates will go; much is riding on the outcome of the election process.
Rules of thumb estimates can offer a general idea of business worth but are no substitute for a thorough analysis by a valuation professional.
A data breach can be disastrous for a small business. Consider a cybersecurity audit to ensure you are taking appropriate steps to protect sensitive information.
IRS taxpayer relief initiative expands as the wide-ranging impact of COVID-19 causes many Americans to struggle with tax debts.
HSAs coupled with a high-deductible health plan can be a powerful tool for funding medical expenses on a tax-advantaged basis, and can play a helpful role in estate planning.
New IRS Form 1099-NEC will be used to report payments to nonemployee service providers will Form 1099-MISC will narrow in scope.
