DMA Accountancy Corporation

DMA Accountancy Corporation Welcome to DMA Accounting Corporation. We are a CPA & accounting firm that cares about your needs.

Our company services both individuals and small to mid sized businesses by providing a wide variety of accounting, tax, and financial services. Customized packages that are designed to provide all your accounting and tax needs.

A job loss can create tax consequences that aren’t always obvious. Reviewing your options before making decisions about ...
06/16/2026

A job loss can create tax consequences that aren’t always obvious. Reviewing your options before making decisions about severance, health coverage and retirement accounts may help you avoid unnecessary taxes and penalties. Read more here: https://bit.ly/dmaacct-job-loss-tax-tips

The “kiddie tax” can increase a family’s overall tax liability if investment income is generated in a child’s name — eve...
06/11/2026

The “kiddie tax” can increase a family’s overall tax liability if investment income is generated in a child’s name — even if the child is a young adult. But you may be able to minimize its impact. Read more https://bit.ly/DMAACCT-kiddie-tax-rules

Many people earn extra income from activities they enjoy, but when it comes to taxes, the IRS treats hobbies and busines...
06/03/2026

Many people earn extra income from activities they enjoy, but when it comes to taxes, the IRS treats hobbies and businesses differently.

A business is operated with the intent to make a profit, while a hobby is pursued primarily for recreation or personal enjoyment.

Ask yourself:
✔️ Are you trying to make a profit?
✔️ Do you rely on the income?
✔️ Do you keep accurate books and records?
✔️ Do you operate in a businesslike manner?
✔️ Have you adjusted your operations to improve profitability?

No single factor determines the answer - the IRS looks at the overall facts and circumstances.

Keep in mind: Whether your activity is a hobby or a business, income received through payment apps, digital assets, or other sources may be taxable and must be reported on your tax return.

Good recordkeeping throughout the year can make tax time much easier!

If you’ve been maxing out your 401(k) elective deferrals, you may be able to add to your retirement nest egg with anothe...
06/02/2026

If you’ve been maxing out your 401(k) elective deferrals, you may be able to add to your retirement nest egg with another type of 401(k) contribution. Read more here: https://bit.ly/DMAACCT-after-tax-401k-advice

Tax scams continue to evolve. Here are some common ones to watch for and how to avoid becoming a victim.: https://bit.ly...
05/28/2026

Tax scams continue to evolve. Here are some common ones to watch for and how to avoid becoming a victim.: https://bit.ly/3RAjajy

Running a construction business requires compliance with the Occupational Safety and Health Administration’s (OSHA’s) ma...
05/28/2026

Running a construction business requires compliance with the Occupational Safety and Health Administration’s (OSHA’s) many rules. But there can be a big difference between doing the bare minimum and building a safety culture that goes beyond basic requirements. A strong safety culture can help reduce the likelihood of workers’ compensation claims and premium hikes, OSHA penalties, legal exposure, and costly project disruptions. It can also enhance productivity, protect job schedules, support hiring and retention, and strengthen your reputation with project owners and other stakeholders.

If you donate artwork to charity, the deduction you can claim depends on several factors, including the type of organiza...
05/21/2026

If you donate artwork to charity, the deduction you can claim depends on several factors, including the type of organization receiving the piece and how it will be used. Your deduction will generally be reduced if the charity’s use of the artwork is unrelated to the purpose or function that’s the basis for its qualification as a tax-exempt organization. The reduction equals the amount of capital gain you would have realized had you sold the artwork instead of giving it to charity. Other deduction limits as well as special substantiation and appraisal rules also may apply.

For married couples, a deceased spouse's unused federal gift and estate tax exemption can be preserved through portabili...
05/21/2026

For married couples, a deceased spouse's unused federal gift and estate tax exemption can be preserved through portability. But it's possible only if an executor makes a valid election by timely and properly filing a federal estate tax return. This article explains portability and how it helps protect wealth from estate taxes: http://bza.me/?W4R43F

Federal Tax News for Individuals1. Is Your Child's Financial Aid Taxable?2. The Impact of Step-Up Basis in Estate Planni...
05/20/2026

Federal Tax News for Individuals

1. Is Your Child's Financial Aid Taxable?
2. The Impact of Step-Up Basis in Estate Planning
3. New Rules for Money Sent Abroad
4. IRS Launches Tax Debt Help Tool
5. ABLE Accounts: What's Changed?

Full Article Here: http://bza.me/?Z5N5EB

Construction businesses of all sizes are tempting targets for cybercriminals. Most contractors now rely on cloud platfor...
05/14/2026

Construction businesses of all sizes are tempting targets for cybercriminals. Most contractors now rely on cloud platforms, client portals, networked devices and shared project data. Bad actors can exploit such tech tools through phishing, malware or business email compromise schemes. At stake is a treasure trove of sensitive information — including banking info, payroll records, bid data, contracts and vendor details. To reduce the risk of data breaches: keep systems updated, train employees thoroughly, limit access to sensitive data, create an incident response plan and perform regular risk assessments.

Address

1400 N Harbor Boulevard, Suite 605
Fullerton, CA
92835

Opening Hours

Monday 9:30am - 5:30pm
Tuesday 9:30am - 5:30pm
Wednesday 9:30am - 5:30pm
Thursday 9:30am - 5:30pm
Friday 9:30am - 4:30pm

Telephone

+17144625290

Website

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