DMG Worldwide Inc.

07/10/2026

Pass-through entities such as S corporations and certain partnerships offer legal protections and avoid double taxation. Does it make sense for your business?

Given the popularity of this business format, it continues to drive tax policy. Here is what you need to know.

07/08/2026

Owning rental property can build wealth, but it also comes with hidden costs. Plus, is spending more time chasing tax savings always worth it? Explore both tradeoffs in this month's newsletter.

If you're interested in minimizing your tax obligations and maximizing your savings, consider the helpful tips and ideas you'll find in this newsletter. Call if you would like to discuss how any of this information relates to you. If you know someone that can benefit from this newsletter, feel free....

07/06/2026

Why do you need a tax professional?

07/03/2026

The ensure you're ready for an audit, tax returns should be kept indefinitely and supporting documents should be kept a minimum of three years.

After filing your tax return, do not close the book on your taxes until you have set up next year's files, purged unneeded old records, and prepared your records in case of an audit. Here are some tips.

07/02/2026

This Fourth of July, DMG CPAs proudly celebrates our nation's independence with joy and pride. 🇺🇸🎆

In observance of the holiday, our office will be closed on today, Friday, July 4th and will resume back to normal business hours on Monday, July 7th.

Wishing you a safe and meaningful holiday weekend.

07/01/2026

Side hustle income, tax tips, smarter food budgeting, and the growing trend of unplugging from screens. This month's insights can help you keep more money and spend more time on what matters.

Many Americans are taking on side hustles and part-time jobs to boost their income. While earning extra money can help pay for vacations or provide a financial cushion for your family, it can also increase your tax bill. In this month's newsletter, learn how additional income may affect your tax sit...

06/29/2026

Does the thought of doing your own taxes make you sweat? You don't have to face these horrors alone...

06/26/2026

It's not always a good idea to amend a tax return. Do you know how to choose?

Oops! You find an error or omission on last year's tax return. What should you do? Is it always a good idea to file an amended tax return? Here are some things to consider.

06/19/2026

Looking for tax-free income? Here's a list of the more common types.

There's a lot of income the IRS doesn't tax. Here are a few of the more common types.

06/17/2026

Not every business challenge announces itself. This month's newsletter covers how the IRS selects returns for review and when it may be time to revisit your entity structure.

Sometimes the biggest business risks aren't the loudest. They're the quiet issues that build in the background. In this month's newsletter, we highlight two practical topics that can help business owners make more confident decisions. First, learn how the IRS identifies returns for closer review and...