DMJPS e-Blast: March 13, 2025

The Latest Developments in Beneficial Ownership Information (BOI) Reporting

The Treasury Department’s approach to Beneficial Ownership Information (BOI) has seen significant updates recently, including new guidance.

Beneficial Ownership Information (BOI) refers to the individuals who ultimately own or control an entity, particularly those who possess a substantial interest or exert significant control. Read the latest development here. 

Using a Business Valuation

to Provide More Than

Just A Value

More often than not, a specific event triggers a company or an advisor to request a business valuation. This can be from a tax reporting event (estate reporting, gift tax reporting, charitable contribution), litigation or divorce, or desire to sell or transition, among others.

However, we encourage businesses not to wait - the benefits of obtaining a business valuation regularly can provide tremendous insight and enable executives to manage the company on an entirely new level. 

Scammers are 'relentless'

this season: IRS

The Internal Revenue Service says that many of the most popular frauds are robust during the year but peak during filing season, from email schemes to misleading tax credits. Let's look at the latest list from the IRS's annual Dirty Dozen.

DMJPS News & Notes

- Welcome, Dana Carter, CPA! We’re excited to expand our Fractional CFO team with Dana Carter in our Wilmington office.

- DMJPS was proud to be the Presenting Sponsor of the Asheville Chamber’s 2025 Premier Local Growth Breakfast on the campus of UNC-Asheville!

- We are thrilled to sponsor and attend the Outdoor Business Alliance’s 10th Annual Get in Gear Festival on April 26, 2025. We look forward to connecting with the outdoor community—see you there!

- Join us as DMJPS proudly sponsors and participates in the 2025 NC Manufacturing Conference on April 29-30 in Winston-Salem. There, we will engage with industry leaders and uncover innovative resources. Stop by our table for a chance to win a YETI!

• March 17 – Partnerships & S-corps: File 2024 tax returns or request a 6-month extension. Employers: Deposit payroll taxes.
• April 1 – Employers: E-file Forms 1097, 1098, 1099, and W-2G.
• April 15 – Major tax deadline! Individual & corporate returns due, estimated tax payments, IRA contributions, gift tax filings, and more.

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