Blog2025-03-17T15:14:19-06:00

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Accounting Mistakes Nonprofits Should Try to Prevent

It may be tempting to try to save money and perform your nonprofit’s accounting tasks internally. But if your staff isn’t experienced and properly trained, mistakes are likely to occur — with potentially serious repercussions. Some accounting mistakes are common among newer nonprofits and smaller organizations that attempt to go

September 23rd, 2025|

Switch to an S Corp to Lower Your Self-Employment Tax Bill

If you own an unincorporated small business, you may be frustrated with high self-employment (SE) tax bills. One way to lower your SE tax liability is to convert your business to an S corporation. Self-Employment Tax Basics Sole proprietorship income, as well as partnership income that flows through to partners (except

September 8th, 2025|

Understand How POD and TOD Accounts Affect Your Estate Planning

Payable-on-death (POD) and transfer-on-death (TOD) accounts are attractive estate planning tools because they allow assets to pass directly to named beneficiaries without going through probate. This can save time, reduce administrative costs and provide your beneficiaries with quicker access to their inheritance. However, there are drawbacks to using these accounts.

September 8th, 2025|

5 Ways Businesses Can Assess Health Care Benefits Spending

If your business sponsors health care benefits for its employees, you know the costs of doing so are hardly stable. And unfortunately, the numbers tend to rise much more often than they fall. According to global consultancy Mercer’s Survey on Health & Benefit Strategies for 2026, 51% of large organizations surveyed

September 8th, 2025|

DWC Professionals Earn the CPA Designation

DWC CPAs and Advisors is pleased to announce that Vennessa M. Distel and Angela C. Heuman have recently attained their Certified Public Accountant (CPA) designations and obtained Colorado licensure after successfully passing the Uniform CPA Examination. Established by the American Institute of Certified Public Accountants (AICPA), the Uniform CPA Examination

September 3rd, 2025|

No Tax on Car Loan Interest Under the New Law? Not Exactly.

Under current federal income tax rules, so-called personal interest expense generally can’t be deducted. One big exception is qualified residence interest or home mortgage interest, which can be deducted, subject to some limitations, if you itemize deductions on your tax return. The One Big Beautiful Bill Act (OBBBA) adds another

September 2nd, 2025|

Expensing Implementation Costs for Cloud-Based Services

Today, many organizations rely on cloud-based tools to store and manage data. However, the costs to set up cloud computing services can be significant, and many business owners are unsure whether the implementation costs must be immediately expensed or capitalized. Changes made in recent years provide some much-needed clarity to

September 2nd, 2025|

Beware of Misleading Information Regarding Pooled Employer Retirement Plans

Employers offering company-sponsored retirement plans often rely on third-party advisors for expert guidance on plan provisions, investment choices, and overall plan governance to ensure the plan aligns with the best interests of both the company and its employees. However, issues can arise when these advisors fail to provide recommendations tailored

August 20th, 2025|
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