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.

It’s easy to focus on the excitement of a big win. But before you spend lottery, gambling or other winnings, be sure you...
07/17/2026

It’s easy to focus on the excitement of a big win. But before you spend lottery, gambling or other winnings, be sure you understand the tax impact. Read more here: https://bit.ly/dmaacct-gambling-tax-rules

For contractors, getting paid shouldn’t be a major project. Strengthening accounts receivable practices today can reduce...
07/15/2026

For contractors, getting paid shouldn’t be a major project. Strengthening accounts receivable practices today can reduce slow-payment headaches tomorrow. Consider credit checks for larger jobs or for owners who demand extended payment terms. Clarify language in contracts and supporting documents, as well as provide multiple payment methods. Well-designed invoices with clear due dates, charges and instructions can also help reduce delays. In addition, monitor payment patterns, identify slow-paying owners, and formalize your collection policy and processes.

Summer is the perfect time for a midyear tax checkup. By reviewing your income, deductions, and investment activity now,...
07/07/2026

Summer is the perfect time for a midyear tax checkup. By reviewing your income, deductions, and investment activity now, you may still have time to make adjustments that could reduce or defer your tax liability before the end of the year.

Waiting until tax season often means missed opportunities. A quick review today can help you avoid surprises and put you in a better position when it's time to file.

Read our latest newsletter to learn about midyear tax planning opportunities and strategies that could help you save this year—or next.

Visit our website or click the link in the comments to read more.

Will your Social Security benefits be taxable? A portion might be. How much depends on your provisional income, your ove...
06/30/2026

Will your Social Security benefits be taxable? A portion might be. How much depends on your provisional income, your overall income and IRS thresholds. Read more here: https://bit.ly/dmaacct-social-security-taxes

Contractors: Operating under a different business name can open new doors in the right circumstances. Here’s what you ne...
06/26/2026

Contractors: Operating under a different business name can open new doors in the right circumstances. Here’s what you need to know about “doing business as” filings. More info here: https://bit.ly/dmaacct-dba-guide

Selling your home this summer? The sale could be tax-free, or it could create a sizable tax liability. Or it might resul...
06/25/2026

Selling your home this summer? The sale could be tax-free, or it could create a sizable tax liability. Or it might result in a tax bill between those extremes. Learn more: https://bit.ly/dmaacct-home-sale-tax-guide

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

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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