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Prior Articles
What contractors should know about newly boosted Qualified Opportunity Zones
Generally, as real estate development increases, so does construction work. To that end, contractors may want to start looking at qualified opportunity zones (QOZs) in their markets for project opportunities in the years ahead. QOZs were originally established under...
Act soon: The OBBBA ends clean energy tax breaks
The newly enacted One, Big, Beautiful Bill Act (OBBBA) represents a major move by President Trump and congressional Republicans to roll back a number of clean energy tax incentives originally introduced or expanded under the Inflation Reduction Act (IRA). Below is a...
What you still need to know about the alternative minimum tax after the new law
The alternative minimum tax (AMT) is a separate federal income tax system that bears some resemblance to the regular federal income tax system. The difference is that the individual AMT system taxes certain types of income that are tax-free under the regular system....
New deductions for tips, overtime may affect employer information reporting
When the One, Big, Beautiful Bill Act (OBBBA) was signed into law on July 4, employers were handed a considerable task. You and your leadership team must sort through the law’s many provisions and determine just how they affect your organization. As you may be...
OBBBA
The One Big, Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, introduces significant tax changes that may impact individuals and businesses. The items summarized here (OBBBA Update) represent only a portion of the provisions included in the Act. Stay...
Understanding spousal IRAs: A smart retirement strategy for couples
Retirement planning is essential for all families, but it can be especially critical for couples where one spouse earns little to no income. In such cases, a spousal IRA can be an effective and often overlooked tool to help build retirement savings for both partners —...
Milestone moments: How age affects certain tax provisions
They say age is just a number — but in the world of tax law, it’s much more than that. As you move through your life, the IRS treats you differently because key tax rules kick in at specific ages. Here are some important age-related tax milestones for you and loved...
9 essential types of insurance for construction companies
Comprehensive insurance coverage might seem like a luxury for many contractors. After all, you’re likely dealing with rising costs from supply chain uncertainties, tariff-impacted materials prices and a tight labor market. However, these conditions make financial...
Is college financial aid taxable? A crash course for families
College can be expensive. According to the College Board, the average sticker price for tuition and fees at private colleges was $43,350 for the 2024–2025 school year. The average cost for tuition and fees for out-of-state students at public colleges was $30,780. For...
Are you missing a valuable tax deduction for Medicare premiums?
If you’re age 65 or older and enrolled in basic Medicare insurance, you may need to pay additional premiums to receive more comprehensive coverage. These extra premiums can be expensive, particularly for married couples, since both spouses incur the costs. However,...
Tightening up your employment tax compliance process
If your organization has been operational for a while, you’re no doubt well acquainted with employment taxes. However, it’s important to stay vigilant regarding compliance. Adhering to the rules isn’t only about avoiding audits and financial penalties, which are...
What happens to qualified transportation plan balances when employees leave?
By now, employers across the country have implemented return-to-work policies that have brought hundreds of thousands of employees back to the office or some other facility. If your organization is one of them, you may have also reestablished something else: a...
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DMA Accountancy Corporation
1400 N. Harbor Blvd., Ste #605
Fullerton, CA 92835