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So far dhamaster has created 27 blog entries.

Individual Tax Planning Strategies

In continued response to the effects of Covid-19, we have seen numerous changes in tax law signed into tax law during 2021. As we near the end of the year, it is an excellent time to review this year’s changes and consider available tax-planning strategies to avoid any potential surprises [...]

2021-11-19T15:00:57-06:00November 19th, 2021|

DHA CPAs + LeaseCrunch

We’re excited to announce our partnership with LeaseCrunch, the easiest lease accounting solution on the market. As we vetted software to help you, our clients, implement the new lease standard, we reviewed several options and believe LeaseCrunch is the right choice. LeaseCrunch helps you streamline adopting ASC 842, IFRS 16, [...]

2021-11-01T19:31:19-05:00November 1st, 2021|

Why Your Business Needs a Tax Plan

As 2021 is coming to a close, we invite you to make the most of year-end tax planning. Businesses faced a difficult year in 2020, and many are still recovering from it. Federal and state governments have passed several pieces of legislation in response to the pandemic, and it is [...]

2021-10-21T12:41:20-05:00October 21st, 2021|

New Lease Accounting Standard Reminder

Just a reminder the Financial Accounting Standards Board (FASB) previously issued Lease Accounting Standard as codified in Accounting Standard Codification (ASC) No. 842, is fast approaching for nonpublic entities maintaining GAAP financial statements. Effective January 1, 2022, ASC 842 fundamentally changes the accounting for lessees with operating leases having a [...]

2021-08-30T13:52:47-05:00August 30th, 2021|

ARP Legislative Summary

On Thursday, March 11th, President Biden signed the $1.9 trillion COVID relief bill, the American Rescue Plan (ARP).  This is a tremendously large piece of legislation and there is a lot to unpack, but we wanted to call your attention to a few key items that are particularly relevant to [...]

2021-03-12T09:43:12-06:00March 12th, 2021|

Understanding the Business Suspension Qualification for the 2020 ERC

The IRS has released the follow Q&A article to help businesses determine if they were fully or partially suspended due to government order, and would therefore be eligible for the retroactive 2020 Employee Retention Credit. This FAQ is not included in the Internal Revenue Bulletin, and therefore may not be [...]

2020-12-30T16:00:18-06:00December 30th, 2020|

Retroactive Employee Retention Credit (ERC) for 2020

The Consolidated Appropriations Act that the President just signed into law GREATLY enhances the Employee Retention Credit (ERC) that was created under the CARES act. Under the new stimulus bill the ERC is improved in different ways for 2020 and for 2021. We will share information on the 2021 ERC [...]

2020-12-28T10:59:24-06:00December 28th, 2020|

December COVID Relief Bill Highlights

The long awaited second COVID stimulus bill is here, and there’s a lot to unpack.  Here’s a quick overview of the highlights, we’ll be sharing more details on specific programs as more information becomes available. Stimulus Payments $600 for individuals and $1,200 for married couples filing jointly, plus $600 for [...]

2020-12-28T09:41:58-06:00December 28th, 2020|

PPP Forgiveness Math Deep Dive

We still do not have the final SBA rules on how the forgiveness provisions will work, but we do have the statue to give us some level of guidance.  Here is a detailed look at the forgiveness math, as best we know it.  (The key terms are defined further down, [...]

2020-11-02T11:22:53-06:00May 8th, 2020|
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