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New final rule on overtime eligibility: What employers need to know

New final rule on overtime eligibility: What employers need to know

Under the Fair Labor Standards Act (FLSA), many salaried employees are exempt from overtime pay. But not all of them. To qualify as exempt, an employee must primarily perform certain executive, administrative or professional duties and be paid an annual salary that’s...

When social media is not the ideal place for solid tax advice.

When social media is not the ideal place for solid tax advice.

Social media can connect people and information from all over the globe. Unfortunately, sometimes people provide bad advice that can lure good taxpayers into trouble. Taxpayers need to be wary of trusting internet advice, whether it’s a fraudulent tactic promoted by...

6 major payroll taxes every employer should keep an eye on

6 major payroll taxes every employer should keep an eye on

As you’re no doubt aware, employers are responsible for withholding and paying payroll taxes. If you don’t use a third-party provider, it’s critical to stay focused on payroll tax compliance. Given the potential penalties involved, you can’t get complacent about...

10 ways cloud computing can benefit manufacturers

10 ways cloud computing can benefit manufacturers

Cloud computing has become an integral part of the modern-day manufacturing environment, growing in leaps and bounds over the last decade. Indeed, the use of this technology has spurred efficiency in manufacturing production. In a nutshell, cloud computing uses a...

Keep these 3 issues in mind after you file your return

Keep these 3 issues in mind after you file your return

The tax filing deadline for 2023 tax returns is April 15 this year. If you need more time, you can file for an extension until October 15. In either case, once your 2023 tax return has been successfully filed with the IRS, there may still be some issues to bear in...

How construction businesses can better manage their money

How construction businesses can better manage their money

For construction businesses, financial management is notoriously complex. Contractors have to deal with the ebbs and flows of their respective markets, project-based pricing and collections, rising operating costs, and various other factors — not the least of which is...

How renting out a vacation property will affect your taxes

How renting out a vacation property will affect your taxes

Are you dreaming of buying a vacation beach home, lakefront cottage or ski chalet? Or perhaps you’re fortunate enough to already own a vacation home. In either case, you may wonder about the tax implications of renting it out for part of the year. Count the days The...

What employers can do about missing 401(k) plan participants

What employers can do about missing 401(k) plan participants

When employees leave their jobs, financial advisors typically encourage them to roll over their 401(k) plans into a new employer’s plan or perhaps an IRA. Many people follow this advice, but not everyone. As you may be able to attest, many employers that sponsor...

Update on retirement account required minimum distributions

Update on retirement account required minimum distributions

If you have a tax-favored retirement account, including a traditional IRA, you’ll become exposed to the federal income tax required minimum distribution (RMD) rules after reaching a certain age. If you inherit a tax-favored retirement account, including a traditional...

Beware of a stealth tax on Social Security benefits

Beware of a stealth tax on Social Security benefits

Some people mistakenly believe that Social Security benefits are always free from federal income tax. Unfortunately, that’s often not the case. In fact, depending on how much overall income you have, up to 85% of your benefits could be hit with federal income tax....

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DMA Accountancy Corporation
1400 N. Harbor Blvd., Ste #605 
Fullerton, CA 92835

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(714) 462-5290

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