Unique Perspectives - The DGC Podcast

Laura Gregoriadis, CPA, Partner and member of the leadership team in DGC's Real Estate Practice, was a recent guest on Moore North America's “Moore Intelligence” podcast. A recent benchmarking study showed only 9% of CEOs in commercial real estate were women, while there was a 55% gap in bonuses and commission between males and females. In this episode, Laura discusses the practical steps women can take to forge fulfilling careers in one of the world's most dynamic industries. “When you are open and honest with people about what you want to accomplish, what your goals are, and where you need help, people rise to that occasion,” Laura said. “People want to help other people. If you ask for that help, you will be surprised at how frequently people will rally behind you and help support you.” Laura also discussed the importance of prioritizing diversity in all aspects of the real estate industry. If you have questions about DGC's Real Estate Practice, please reach out to a member of your DGC client service team or Laura Gregoriadis, CPA 781-937-5353 / lgregoriadis@dgccpa.com.

Over the past few months, our DGC experts have been following the impact of remote work on your taxes. Scott Thomas, JD, LLM, a Senior Advisor at DGC, was the presenter for a webinar we held in July where we discussed this topic in detail. Now Scott is back for a video podcast where he discusses some recent developments in New York and how these changes could end up impacting taxpayers everywhere. Why are these new changes concerning for tax experts? It's because in the past when New York becomes more aggressive in its tax legislation, other states tend to follow suit. In this podcast, Scott answers many remote work tax questions including: - What are these changes in New York that target remote workers (Bona Fide Employer Office Rule) and how could they impact you? - How might other states react to these developments in New York? - When can states tax you? - How do you determine residency? - What is earned income in a state? - What is the convenience of the employer rule? If you have questions about how remote work might impact you and your organization, please reach out to a member of your DGC client service team or Scott Thomas, JD, LLM at 781-937-5172 / sthomas@dgccpa.com.

The Department of Defense's Cybersecurity Maturity Model Certification (CMMC) is on the horizon and companies in the defense supply chain have many questions. In this podcast, Nick DeLena and Scott Goodwin from DGC's IT Risk Assurance & Advisory practice are here to tell us if these five statements about CMMC are true or false, and share their insights: CMMC will directly impact your ability to do business in the defense supply chain CMMC is just a project for the IT Department Reviewing your NIST 800-171 implementation is critical CMMC will not be retroactive on contracts There are five levels of CMMC certification and everyone must reach all five levels ***To watch a video version of this podcast, click here.*** For additional CMMC resources, visit our CMMC Insights Center page. DGC's IT Risk Assurance & Advisory Practice can help you achieve compliance with the CMMC. We are actively engaged with our clients across all areas of the CMMC framework including gap assessments, self-assessments, and both SSP and PoAM development. If you have questions about who is impacted by the CMMC standards and what the compliance and certification process looks like, please contact a member of your DGC client service team or Nick DeLena, CISSP, CISA, CRISC, CDPSE at 781-937-5191 / ndelena@dgccpa.com or Scott Goodwin, OSCP, OSWP at 781-937-5722 / sgoodwin@dgccpa.com. ***This podcast was originally recorded on March 26, 2021.***

Meals and entertainment expense deductions are an effective way for businesses to lower their tax liability. If you are not gathering and organizing this information correctly, you could be leaving thousands of dollars on the table. In this DGC Podcast, Scott Thomas, JD, LLM discusses the recent rule changes surrounding meals and entertainment deductions, and how businesses can be sure that they are claiming these deductions properly. To watch a video version of this podcast, click here. Some of the specific items Scott covers are: Airfare for business purposes Lodging for business purposes How does the IRS define the term “restaurant” and why is that so important? Employee meals/snacks treated as de minimis fringe benefits Employee meals with prospects or clients including entertainment Holiday parties Charitable events If you have questions about meals and entertainment expense deductions, please reach out to a member of your DGC client service team or Scott Thomas, JD, LLM at 781-937-5172 / sthomas@dgccpa.com. To learn more about DGC, visit www.dgccpa.com.

The Biden Administration has released a fact sheet outlining the basics of their proposed tax plan entitled, The Made in America Tax Plan. Scott Thomas, JD, LLM, a Senior Advisor at DGC, joined us in this DGC podcast to discuss the corporate tax proposals. To watch a video version of this podcast, click here. For more information, visit www.dgccpa.com ***This podcast was originally recorded on April 20th, 2021***

There’s no question the Tax Cuts and Jobs act of 2017 impacted taxpayers everywhere. In that legislation, the ability to deduct state and local tax payments was capped. But so far, seven states have developed SALT cap workarounds that can provide some taxpayers with significant savings. In this episode of Unique Perspectives – The DGC Podcast, our guest is Scott Thomas, a Senior Advisor at DGC. Scott will tell us where the SALT Cap workaround currently works, and who can benefit from it. As always, this podcast is brought to you by DGC. For all of your accounting, tax and advisory services, you can turn to us. Where there’s unique perspective, there’s DGC. Visit www.dgccpa.com to learn more.

Are you a resident of this state? On the surface, this is a simple question to answer. However, for tax purposes, it’s a lot more complex. In an effort to increase revenue, states are using personal income tax residency audits to try and collect more taxes. These can be time-consuming and invasive audits to determine if an individual is a state resident and owes additional taxes. In this episode of “Unique Perspectives – The DGC Podcast,” our guest is Scott Thomas, a Senior Advisor at DGC. Scott takes you through the residency audit process and explains why a small detail might prevent significant tax liabilities. As always, this podcast is brought to you by DGC. For all of your accounting, tax, and advisory services, you can turn to us. Where there’s unique perspective, there’s DGC. Visit our website: www.dgccpa.com

Before many of us turned to remote work due to the COVID-19 pandemic, several workers had already gravitated to telecommuting or remote work. Now that we are working from home more than ever before, companies may encounter new state tax filing responsibilities. How will a company know if and when to make adjustments for employees working remotely? In this episode of “Unique Perspectives – The DGC Podcast,” Senior Advisor Scott Thomas takes you through how a company should address state tax filing responsibilities for remote workers during the COVID-19 pandemic. As always, this podcast is brought to you by DGC. For all of your accounting, tax, and advisory services, you can turn to us. Where there’s unique perspective, there’s DGC. Visit our website: www.dgccpa.com

One of the most significant tax developments still impacting corporations is South Dakota v. Wayfair. This monumental Supreme Court decision gave states more latitude to collect sales tax on out-of-state businesses. What if your business has not filed corporate tax returns in states where you should have? What do you have to do in order to come clean? On this episode of “Unique Perspectives – The DGC Podcast,” our guest is Scott Thomas, JD, LLM, a Senior Advisor at DGC. Scott discusses what corporations should do if they need to file returns in other states or what they should do if they are unsure where they stand. As always, this podcast is brought to you by DGC. For all of your accounting, tax, and advisory services, you can turn to us. Where there’s unique perspective, there’s DGC. Visit our website: www.dgccpa.com

In the event of a cyberattack or a natural disaster, every second counts. Business owners and their employees have to be ready to react quickly and efficiently. Every organization should have disaster recovery and incident response plans so they can minimize risk. However, the vast majority of businesses do not have these plans in place. In this episode of “Unique Perspectives – The DGC Podcast,” our guest is Brian Banda, CISSP, an Information Security Analyst at DGC. Brian discusses the importance of policy development for businesses. As always, this podcast is brought to you by DGC. For all of your accounting, tax, and advisory services, you can turn to us. Where there’s unique perspective, there’s DGC. Visit our website: www.dgccpa.com

Every business owner is concerned about cybersecurity threats. But are you doing enough preventative maintenance to put your business in position to stop a breach from occurring in the first place? Performing a cybersecurity risk assessment allows business owners to know where they stand in terms of how protected their network is against cybersecurity risks and what they can do to improve. In this episode of "Unique Perspectives – The DGC Podcast," our guest is Donny Butler, a Principal in DGC’s Cyber and Information Security Services group. Donny discusses what a cybersecurity risk assessment entails and what cyber professionals are looking for during the process. As always, this podcast is brought to you by DGC. For all of your accounting, tax, and advisory services, you can turn to us. Where there’s unique perspective, there’s DGC. Visit our website: www.dgccpa.com

In our conversations with clients, entity selection is not only one of the most commonly discussed topics, it’s also one of the most important. The decision to make an entity change is not nearly as simple as you might think. In this episode, our guest is Stephen Minson, CPA, MST, a Partner at DGC. Stephen will explain the differences between the three entity types: C Corporation, S Corporation, and Partnership, and why researching all three options is essential. Be sure to visit our website: www.dgccpa.com

Casino gambling is now open for business in Massachusetts. With another casino opening in Bay State this summer, the tax rules surrounding gambling need to be revisited. Our guest is Keith Kenez, a Manager in DGC's Private Client Group. Keith discusses casino gambling. What do you do if you win? What do you do if you lose? And why were professional gamblers not-so-thrilled with tax reform? Be sure to visit our website: www.dgccpa.com

Compliance is just one of the goals of the individual tax return process. In addition to minimizing tax liability and maximizing opportunities, you need to keep your short-term and long-term goals in mind as well. In this episode of “Unique Perspectives – The DGC Podcast,” our guest is Dan Gaudet, CPA, a Principal at DGC and the leader of our Accounting & Business Advisory Services Group. Dan discusses the individual tax return process and how the proper plan can pay dividends both now and in the future. This is the sixth episode in a series of podcasts geared towards our Accounting & Business Advisory Services clients. Those episodes are available now on our website, www.dgccpa.com. Unique Perspectives is brought to you by DGC. For all of your accounting, tax, and advisory services, you can turn to us. Where there’s unique perspective, there’s DGC.

It’s an incredible advantage for business owners when they know what’s coming next. One of the best ways to minimize surprises is to have a team of tax professionals guide you through the corporate tax return process. Our guest is Dan Gaudet, a Partner at DGC and the leader of our Accounting & Business Advisory Services Group. In this episode, Dan will explain the corporate tax return process and why it makes sense to get the proper level of tax support. This is the fifth episode in a series of podcasts geared towards our Accounting & Business Advisory Services clients. The first four episodes discussed tax planning, year-end payroll adjustments, accounting services, and Form 1099 reporting tips. Those episodes are available now on our website, www.dgccpa.com. Unique Perspectives is brought to you by DGC. For all of your accounting, tax, and advisory services, you can turn to us. Where there’s unique perspective, there’s DGC.

Profitability has been strong for Architecture and Engineering firms over the past several years. With increased company success comes individual financial success, usually in the form of bonuses. Because of that, there is now increased scrutiny surrounding bonuses from State DOT’s. How can firm owners reward their employees and themselves while adhering to the requirements imposed by government contract regulations? In this episode of “Unique Perspectives – The DGC Podcast,” our guest is Chad DaGraca, a Partner at DGC and the co-leader of our Architecture and Engineering Practice. Chad discusses bonus criteria for A&E firms and how you can ensure you’re adhering to the Federal Acquisition Regulation (FAR). This podcast is brought to you by DGC. For all of your accounting, tax, and advisory services, you can turn to us. Where there’s unique perspective, there’s DGC. Visit our website: www.dgccpa.com

Form 1099 is one of the most common types of IRS documents. Now that another tax season has arrived, the 1099 filing process is underway and it’s a process that needs to be taken seriously. Is there a thorough and convenient way for business owners to complete all of the tasks involved in the 1099 process? In this episode of “Unique Perspectives – The DGC Podcast,” our guest is Dan Gaudet, CPA, a Partner at DGC and the leader of our firm’s Accounting & Business Advisory Services Group. Dan discusses the 1099 filing process, and how you can avoid possible penalties. This is the fourth episode in a series of podcasts geared towards our Accounting & Business Advisory Services clients. The first episode discussed the importance of tax planning. Episode two covered year-end payroll adjustments. The third episode discussed the value of accounting services. Unique Perspectives is brought to you by DGC. For all of your accounting, tax, and advisory services, you can turn to us. Where there’s unique perspective, there’s DGC. Be sure to visit our website, www.dgccpa.com.

Owning a business presents a variety of challenges, all which require significant amounts of your time. Ideally, you will be able to focus on growing your business instead of on the operational aspects of managing your books. Having a reliable and proactive accounting services team can help free up your time. In this episode of “Unique Perspectives – The DGC Podcast,” our guest is Dan Gaudet, CPA, a Partner at DGC and the leader of our firm’s Accounting & Business Advisory Services Group. Dan discusses how utilizing various accounting services can help you grow your business. This is the third episode in a series of podcasts geared towards our Accounting & Business Advisory Services clients. The first episode discussed the importance of tax planning. Episode two discussed year-end payroll adjustments. Unique Perspectives is brought to you by DGC. For all of your accounting, tax, and advisory services, you can turn to us. Where there’s unique perspective, there’s DGC. Be sure to visit our website, www.dgccpa.com.

Have you had your checkup yet? The overall impact of tax reform is wide-ranging, and the IRS is recommending that taxpayers get a paycheck checkup to ensure you have the correct amount of tax withheld. Our guest is Keith Kenez, a Manager at DGC. He is going to tell you why the IRS is making this suggestion and why it’s a good idea to take their advice. This podcast is brought to you by DGC. For all of your accounting, tax, and advisory services, you can turn to us. Where there’s unique perspective, there’s DGC. Visit our website: www.dgccpa.com

Even though 2018 is coming to an end, there’s still time to maximize your opportunities. One of the ways you can capitalize is by making year-end payroll adjustments. In this episode of "Unique Perspectives – The DGC Podcast," our guest is Dan Gaudet, a Principal at DGC and the leader of our firm’s Accounting & Business Advisory Services Group. In this episode, Dan discusses why year-end payroll adjustments should not be ignored. This is the second episode in a series of podcasts geared towards our Accounting & Business Advisory Services clients. The first episode discussed the importance of tax planning, and you can find it on our website, dgccpa.com. Unique Perspectives is brought to you by DGC. For all of your accounting, tax, and advisory services, you can turn to us. Where there’s unique perspective, there’s DGC. Visit our website: www.dgccpa.com 

It’s already making an impact. The new revenue standard is impacting some prominent, publicly traded A/E/C firms. But how will the new standard impact your business? In this episode of “Unique Perspectives – The DGC Podcast,” our guest is Jon Butler, a Partner at DGC. He examined the annual reports of two well-known A/E/C firms to find out how companies are applying the new standard, and what this could mean for other firms going forward. As always, this podcast is brought to you by DGC. For all of your accounting, tax, and advisory services, you can turn to us. Where there’s unique perspective, there’s DGC. Visit our website: www.dgccpa.com

Tax planning has always been a valuable way to minimize risk, and maximize opportunities for you and your business. But has tax planning become even more important in 2018? In this episode of Unique Perspectives – The DGC Podcast, our guest is Dan Gaudet, a Partner at DGC and the leader of our firm’s Accounting and Business Advisory Services Group. Dan discusses the value of tax planning, and how tax reform has impacted the planning process. This is the first in a series of podcasts geared towards our Accounting & Business Advisory Services clients. As always, this podcast is brought to you by DGC. For all of your accounting, tax, and advisory services, you can turn to us. Where there’s unique perspective, there’s DGC. Visit our website: www.dgccpa.com

Employee Benefit Plans are common among most businesses. But just as common are the small mistakes employers can make that end up creating big problems. In this episode of Unique Perspectives – The DGC Podcast, our guest is Donny Butler, a Principal at DGC. Donny is going to discuss the pitfalls surrounding 401k plans, and the steps you can take to avoid them. As always, this podcast is brought to you by DGC. For all of your accounting, tax, and advisory services, you can turn to us. Where there’s unique perspective, there’s DGC. Visit our website: www.dgccpa.com

When domestic tax reform officially arrived in December of 2017, it affected everyone in the United States. For some U.S. individuals and businesses, international tax reform measures are especially important to monitor. Our guest today is Scott Thomas, a Consultant at DGC. He gives us a summary of our current international tax system, and a look at where we’re headed in the new world of tax reform. This podcast is brought to you by DGC. For all of your accounting, tax, and advisory services, you can turn to us. Where there’s unique perspective, there’s DGC. Visit our website: www.dgccpa.com

It’s the Supreme Court ruling that changed the landscape for online retailers. South Dakota v. Wayfair has given states more latitude to collect sales tax on out-of-state internet sales. Our guest is Scott Thomas, a Senior Advisor at DGC. He is going to give us an in-depth look at the South Dakota v. Wayfair decision, and how online sales will now be treated by the states, the businesses, and the customers. This podcast is brought to you by DGC. For all of your accounting, tax, and advisory services, you can turn to us. Where there’s unique perspective, there’s DGC. Visit our website: www.dgccpa.com

When it’s time to sell your business or acquire another business, it’s a stressful time for all parties involved. No matter which side of the table you’re on, you need an expert in the field of Transaction Advisory Services to make sure everything runs smoothly. On this episode, we’re going to introduce you to George Shaw, a Partner in our Business Advisory practice at DGC. He’ll tell you how his knowledge and experience can help guide you through a transaction. For more information, visit our website: www.dgccpa.com

Every employer likes to reward their employees with something extra: A reimbursement for parking expenses, a holiday gift card, or tickets to a sporting event. But how are those fringe benefits viewed by the IRS? It could make a major impact on your business’ tax return. Our guest is Catherine Doe, a Principal here at DGC. She is going to break down the taxability of fringe benefits for the 2017 tax year. For more information, visit our website: www.dgccpa.com

In most areas of business, rule changes will usually make a significant impact. Once you’ve taken the time to figure out how these changes will affect you, what options are available? Beginning in 2018, partnerships might have to make major adjustments because of changes to audit rules. Our guest for this episode is Kara Cefalo, a Principal in our Real Estate group at DGC. She is going to take a closer look at the New IRS Partnership Audit Rules.Visit our website: www.dgccpa.com

Proper Revenue Recognition is crucial to any business but things are changing. What steps can you take to ensure you’re following the right guidelines? Nick Tamvaklis, a Manager at DGC, will guide us through the new Revenue Recognition standard and will highlight the changes you need to know. For more information about DGC, visit our website: www.dgccpa.com

DGC is thrilled to welcome Beth da Silva. She is now a Partner in our Business Consulting practice. In this episode, Beth will tell you about her background and how she helped make an already impressive Business Advisory team even stronger. Visit our website: www.dgccpa.com

Have you ever thought about using your home as a vacation rental to make some extra income? If you aren’t careful, the potential tax ramifications may surprise you. In this episode, we will discuss Mixed-Use Rental Properties and how just one day can impact your taxes. As always, this podcast is brought to you by DGC. For all of your accounting, tax, and advisory services, you can turn to us. Where there’s unique perspective, there’s DGC. Visit our website: www.dgccpa.com