Forms W-2 and 1099-Nec Are Due To Be Filed Soon
January 15, 2025 With the 2025 tax filing season underway, be aware that the deadline is coming up fast for businesses to submit certain information returns to the federal government and furnish them to workers. By January 31, 2025, employers must file these forms and furnish them to recipients: Form W-2, Wage and Tax Statement. […]
Keys to Ownership Transition and Business Succession Planning
December 12, 2024 Business succession planning is essential for all privately-owned companies, and the importance of a detailed plan is magnified during periods of economic upheaval. Planning for ownership transition is even more critical for companies that may also rely on future owners to be key members of management and possibly rainmakers who generate sales. […]
Record-Breaking Number of 2024 Summer Interns at DM Consulting Group, 16 Colleges Represented
SYRACUSE, NY, June 18, 2024 – DM Consulting Group, a nationally recognized leader in business valuation, ownership transition planning and financial consulting for architecture, engineering, planning and environmental consulting firms, along with its affiliate firm, Dannible & McKee, LLP, broke its own internship participant record with a total of 27 students interning at the firm […]
New Tax Reporting Requirements for Payment Apps Could Affect You
February 01, 2022 If you run a business and accept payments through third-party networks such as Zelle, Venmo, Square or PayPal, you could be affected by new tax reporting requirements that take effect for 2022. They don’t alter your tax liability, but they could add to your recordkeeping burden, as well as the number of […]
Don’t Miss Out on the Employee Retention Credit For 2020 and 2021
January 12, 2022 With the beginning of the new year, most companies are trying to put the pandemic-filled 2020 and 2021 in the past and are planning for 2022 and beyond. As they prepare for the future, every company should look back at the employee retention credit (ERC) for 2020 and 2021 to determine if […]
Protecting Retirement Plans From Cyberattacks
December 14, 2021 Do you have a robust cybersecurity policy to keep your retirement plan safe from cybercriminals? The 2021 Cyber Security Risk Report by Aon finds that, “organizations often have a false sense of confidence regarding data security, particularly when it comes to risks potentially posed by third-party service providers.” The ever-growing magnitude of […]
The Build Back Better Act – Tax Benefits You Need To Know
November 17, 2021 On November 19, 2021, the U.S. House of Representatives passed the highly anticipated Build Back Better Act. We have all heard of the tax increases that are included in this approximately $2 trillion bill. However, what has received very little fanfare are the credits and additional tax deductions which are presently contained […]
The Infrastructure Investment and Jobs Act Includes Tax-related Provisions You’ll Want To Know About
November 04, 2021 Almost three months after it passed the U.S. Senate, the U.S. House of Representatives has passed the Infrastructure Investment and Jobs Act (IIJA), better known as the bipartisan infrastructure bill. While the bulk of the law is directed toward massive investment in infrastructure projects across the country, a handful of noteworthy tax […]
Techniques To Improve Internal Financial Reporting & Analysis
October 11, 2021 Having sound financial reporting is an important practice for any business. Ensuring that your internal reports are not only timely but accurate and complete is key to the financial health of your business. How does your finance department measure up when it comes to providing this key information to management? Here are […]
Understanding the Value of Your A/E Firm
September 07, 2021 An Overview of Architectural/Engineering Firm Valuation How much is your A/E firm worth? Certainly an important question, and unfortunately, it is one that many A/E firm owners cannot easily answer! First, let’s start with a discussion about why it is so critical to understand the value of your firm. There are many […]