Personal Use of Company Vehicle

Personal Use of Company Vehicle Rules Simplified

Personal use of a company vehicle generally results in taxable wages for employees. In January 2021, the IRS announced special COVID-19 relief retroactive for 2020, which is also available in 2021.

Taxable Fringe Benefits

Year-End Reminders: Fringe Benefits & Special Rules for 2% S Corp Shareholders

As 2021 draws to a close, employers should review whether they have properly included the value of common fringe benefits in their employees’ and (if applicable) 2% S corporation shareholders’ taxable wages. This is especially true for 2021, since COVID relief brought about a number of changes to the rules relating to traditional fringe benefits.

Build Back Better Act 3

Build Back Better Act: Third Time’s the Charm?

A third version of the Build Back Better Act was released last week, which increases the state and local tax deduction, brings back many of the retirement proposals from the original 9/13 draft of the Act, and retains the surcharge on high-income individuals, estates and trusts from the 10/28 version.

#GivingTuesday Campaign
DMLO Cares

Elements of a Successful #GivingTuesday Campaign

Organizations are wondering if they’ll be able to match last year’s record-breaking #GivingTuesday campaign. Here are some common elements to successful campaigns.

Halloween Contest Fun DMLO

CPAs Getting Creative: Halloween Fun at DMLO

At DMLO, we don’t mess around when it comes to Halloween contest fun. There are some seriously creative people and amazing cooks and bakers on our team! 

Core Deposit Intangible

Core of the Core Deposit Intangible (CDI)

The Core Deposit Intangible (CDI) and the financial reporting requirements related to ASC 805 – Business Combinations have come back into focus as bank-related mergers continue to accelerate.

Chip Shortage

Breaking Down the Chip Shortage

Impacts of the chip shortage will ripple through global supply chains for years to come. This interview addresses some key steps to help preserve business continuity.

Business Document Checklist

Business Document Checklist

We’ve put together a business document checklist of records to compile that you can access easily in the event you undergo an IRS audit. It is also a handy resource to have when meeting with advisors.

Restaurant of the Future

The Restaurant of the Future

Customer demand for convenience and flawless digital experiences are on the rise and further fueled by the pandemic. How can the restaurant of the future meet these challenges and thrive?

Tax Legislation Advances
High Net Worth

Tax Legislation Advances As Part of Reconcilation Bill

New tax legislation advances as the House Ways and Means Committee approved a tax package on September 15 that would increase rates on high-net-worth individuals & corporations and affect cross-border activity and pass-through entities.

Telehealth Tax Checklist

Telehealth Tax Checklist

The telehealth tax checklist highlights information that should be gathered and common issues to consider when assessing federal and state tax obligations as they relate to telehealth.

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