DDK

Two key tax planning tips for entertainment professionals: - Stay organized with income tracking and deadlines - Establish clear tax residency to manage multi-state tax exposure Smart planning helps reduce surprises at tax time. Contact our team today ddkcpas.com/contact/

SEP vs SIMPLE IRA: What's right for your small business? Higher limits and flexibility vs easy setup and employee contributions. Understanding the differences can help you choose the right plan for your business and team.

R&D credits are not just for scientists. If you are improving products, processes, or software, you may qualify. To qualify, it must include: - Uncertainty - Experimentation - Hard science Additionally: - You fund it - You own the results - It is U.S.- based #RandD

Commercial property owners could be missing major tax savings. Cost segregation studies may help accelerate depreciation, improve cash flow, and reduce current tax liability. Read our latest blog: ddkcpas.com/cost-segregati… #CostSegregation #CommericialRealEstate #businesstaxes

Inventory is not just an asset, it is a tax lever. FIFO vs. LIFO can shift your tax bill. Slow-moving inventory can increase exposure. A quick review could uncover savings. Are you optimizing your strategy? #InventoryManagement #Manufacturing #BusinessTax

Big refund or big tax bill? Your withholding might be off. Adjust it now for better cash flow and fewer surprises next year. Need help getting it right? Reach out to DDK ddkcpas.com/contact/ #Withholdingtax #taxplanning #taxtips

Debt vs. equity is more than funding, it's a tax strategy. Equity can mean double taxation. Debt financing can offer: - Tax-free principal repayment - Taxable interest income - Deductible interest for the business #BusinessTax #CorporateTax #TaxStrategy

Rebalancing your portfolio? Don't forget the tax impact. Capital gains can take a bite out of your returns if you're not planning ahead. Learn how to rebalance smarter: ddkcpas.com/tax-mitigation… #wealthmanagement #investmentportfolio #taxtips

Sales and use tax on art purchases is getting more attention from states. If artwork crosses state lines, tax liability can fall on the buyer, and gaps are easier to detect. Stay proactive, small oversights can lead to bigger issues. #artcollectors #artinvesting #SalesTax

Are your business losses actually helping you? If you own an LLC or LLP, the answer depends on one thing: Material participation Meet 1 of 7 IRS tests and you may be able to use losses now. If you miss them, those losses could be delayed. #BusinessOwners #LLC #LLP

Using your vehicle for business? The actual expense method lets you deduct costs plus depreciation over time. Recordkeeping is key. #TaxTips #BusinessOwners #BusinessVehicle #VehicleDeductions

Tax season isn't over, key 2026 deadlines are still ahead. From estimated payments to extension filings, staying on schedule matters. Check out our latest blog for what to watch next: ddkcpas.com/key-individual… #taxdeadlines #taxplanning #financialplanning

Section 199A offers up to a 20% deduction on qualified business income. Above certain income levels, limits based on wages and property may apply. #TaxTips #Section199A #QBI

Starting a business? Don't skip the basics. Funding, accounting, tax planning, and more. Here are 5 things to know before you launch. #StartupTips #Entrepreneurship #EntrepreneurTips #BusinessPlanning

Section 179 allows businesses to fully expense qualifying assets in the year placed in service. Equipment, vehicles, software, and some building improvements may qualify. #TaxTips #Section179 #BusinessOwners

You filed your taxes, now what? Check your refund, review your return, and organize records with this post-filing checklist. Read more: ddkcpas.com/your-post-tax-… #taxrefund #taxfiling #taxseason #taxrefundtips

Qualified Production Property Provisions allow 100% expensing for certain manufacturing facilities. Tight timelines may drive demand for industrial construction. #Construction #TaxTips #ConstructionTax

ACA penalties increase in 2026: - $3,340 per employee (no coverage) - $5,010 per employee (noncompliant coverage) For ALEs, even one employee qualifying for a tax credit can trigger penalties. Time to review your plan. #AffordableCareAct #TaxUpdate

Happy Tax Day! Today marks the finish line of another busy season. We started our morning off strong with an omelet bar in NYC and catering from Paris Baguette in Jericho. A big thank you to our incredible team for their hard work, teamwork, and dedication.

Think your business doesn't qualify for the R&D tax credit? You might be leaving money on the table. We break down what qualifies, what it's worth, and how to claim it. Read more: ddkcpas.com/research-tax-c… #RDTaxCredit #ResearchAndDevelopment #TaxSavings