Tax
Remote Workforce Tax and People Implications
Remote workforce tax implications and other complexities should be considered by employers when evaluating flexible work arrangements.
DMLO CPAs
September 21, 2021
Tax
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.
DMLO CPAs
September 20, 2021
Healthcare
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.
DMLO CPAs
September 14, 2021
Tax
Responsible Party Update Important For Businesses, Charities & Other Entities With EINs
It is critical that businesses, partnerships, trusts and estates, charities, and other entities with Employer Identification Numbers or EINs update responsible party information within 60 days of change to allow timely notification of indentiy theft or other fraud issues.
DMLO CPAs
September 13, 2021
Tax
Will a Tax Accounting Method Change Benefit You?
When assessing your tax situations for 2021 and subsequent years, consider whether you may benefit from traditional tax accounting method planning, which aims to defer income recognition and accelerate deductions, or “reverse” tax accounting method planning, which does the opposite.
DMLO CPAs
September 7, 2021
Construction
A Cost Segregation Study Can Reduce Tax Liability
A cost segregation study can be a great tax planning tool that, documented properly, accelerates depreciation expense and results in reduced tax liability.
Eric Shadowens
September 7, 2021
Tax
Estate Planning Options Amid Uncertainty
Given the uncertainty of whether tax changes will be enacted and as of when, individuals who have not recently updated their estate plans should consider estate planning options, sooner rather than later.
DMLO CPAs
August 31, 2021
Tax
2021 Tax Bill – How Likely Is It?
The Biden Administration has made tax policy a legislative priority, but will we actually see a 2021 tax bill, and what might it include?
DMLO CPAs
August 24, 2021
Tax
Limited Partner Self-Employment Tax Exception May End
The recently published Green Book contains proposed changes that could result in the limited partner self-employment tax exception coming to an end.
DMLO CPAs
August 23, 2021
COVID-19
IRS Issues Additional Employee Retention Credit Guidance
The IRS issued Notice 2021-49 on August 4, 2021, providing long-awaited employee retention credit guidance for employers that have taken or are considering taking the ERC.
DMLO CPAs
August 14, 2021
COVID-19
Gross Receipts Safe Harbor For Employers Claiming ERC
The Treasury and IRS are providing a gross receipts safe harbor for employers seeking to claim the Employee Retention Credit (ERC), allowing the exclusion of certain amounts in determining eligibility for the credit.
DMLO CPAs
August 10, 2021
Real Estate
Good Record Keeping Can Save You
The more mundane parts of business – like good record keeping – can get overlooked. But in the long run, it can save you in more ways than one.
Eric Shadowens
August 9, 2021
High Net Worth
Section 1202 Becoming More Popular Among Investors
Section 1202 of the Internal Revenue Code is growing in popularity among investors and may become even more valuable in 2022.
DMLO CPAs
July 27, 2021
Tax
Retroactive Retirement Plan Adoption
Employers who requested an extension for their 2020 tax return may want to consider retroactive retirement plan adoption to offset their 2020 tax liability. For those who have already filed, keep this planning technique in mind for future years.
DMLO CPAs
July 26, 2021
Tax
5 State Tax Issues To Consider Now
Consider these key state tax issues now that state and local governments are revisiting taxpayer compliance with nexus rules, considering new taxes on digital services, and evaluating the extent to which they are willing to conform to federal tax rules and legislation.
DMLO CPAs
July 20, 2021
COVID-19
Deadline to Unenroll for Advance Child Tax Credit Payments
Many taxpayers will automatically receive monthly advance child tax credit payments beginning July 15th; however, this may not be beneficial for everyone. The deadline to unenroll is June 28th.
DMLO CPAs
June 25, 2021
Tax
Voluntary Disclosure Agreements for Sales Tax Obligations
Failing to comply with sales tax collection and filing requirements can result in significant risk and penalties, and states are becoming more aggressive in pursuing. VDAs or Voluntary Disclosure Agreements for sales tax obligations can help limit exposure.
DMLO CPAs
June 15, 2021
Tax
Potential Tax Increases Under the Biden Administration
Biden’s American Families Plan and other proposals with potential tax increases will complicate the tax landscape for high-income earners.
DMLO CPAs
June 7, 2021
Advisory
Biden Administration Priorities to Watch
With the first 100 days in the rearview mirror, Biden Administration priorities are shifting to the future. Business leaders should prepare for swift movement in ESG, innovation, infrastructure, tax policy, and other areas of focus.
DMLO CPAs
May 25, 2021
Construction
2021 Tax Strategy Webinar Series
A well thought out 2021 tax strategy is more critical than ever as tax professionals’ role as strategic partners has been enhanced in the business ecosystem through the pandemic and ever-evolving tax policy and legislation.
DMLO CPAs
May 24, 2021
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