Blog
Can DMV Investors Use Losses To Lower Capital Gains Federal Tax?
Key TakeawaysYou can sell losing investments to realize a capital loss that offsets taxable gains. If your losses exceed gains, you can...
What Payroll Checklist Steps Do DMV Business Owners Need to Complete for Clean Data?
Key TakeawaysFocus on data integrity. Ensure payroll wages, taxes, benefits, and GL postings are clean, consistent, and reconciled. Your tax...
DMV Small Business Holiday Expenses: What Can I Deduct On Taxes?
Key TakeawaysCompany-wide holiday parties for employees (categorized as Employee Recreation/Entertainment) are generally 100% deductible, but...
Manny Cosmeâs Perspective:Â What Are The Most Important Cybersecurity Measures for Small Businesses?
Key Takeaways Create a written data protection policy. Every employee should know the rules for handling sensitive data. Back up...
Can End-Of-The-Year Giving Mean Tax Deductions For My DMV Business?
Key TakeawaysWhen your business gives back, make sure itâs documented correctly so your tax professional can secure any potential tax...
Why Cash Flow Management Is Important At Year-End in Your DMV Business
Key Takeaways Profit doesnât equal liquidity: You can look great on paper (i.e., profitable) and still run out of cash. Year-end...
The Work Opportunity Tax Credit: Year-End Hiring Benefit for DMV Businesses
Key TakeawaysYes, the WOTC applies if you hire someone before December 31, 2025. You must submit IRS Form 8850 to your State Workforce...
Changing Your Business Entity Means Smarter Profits, DMV Owners
Quick Summary: Could Changing My Business Entity Mean Smarter Profits?If youâre a Sole Proprietor or single-member LLC, youâre likely paying a...
What Year-End Moves Can Protect DMV Owners From Form W9 Mistakes?
Key TakeawaysKeep every contractorâs Form W9 on file before the first payment. If your contractor wonât give you a W9, follow the three-step...