DDK & Company LLP

Qualifying small businesses may be eligible for several valuable tax breaks.

Depending on your gross receipts, your business could qualify for:
- Cash accounting
- Simpler inventory rules
- Interest deduction relief
- Completed contract method

These tax rules may help reduce complexity and improve cash flow for your business.

Thinking about hiring your child this summer? It might come with tax advantages when done correctly.

Some potential benefits include:
- Shifting income to a lower-taxed family member
- Possible payroll tax savings in certain business structures
- Helping your child start saving for retirement early

The key is making sure the work is real, the pay is reasonable, and payroll is handled properly.

Have questions about hiring family in your business? We can help you set it up the right way.

Think tax identity theft only affects individuals?

Businesses are also targeted through stolen EINs, payroll information, phishing scams, and fraudulent tax filings.

Knowing the warning signs early can help protect your business from financial loss and IRS complications.

Read our latest blog and learn how to strengthen your cybersecurity. https://www.ddkcpas.com/business/

Entertainment professionals often face complex tax rules that go beyond where they live.

Estate planning matters, especially when valuable intellectual property is involved. Life insurance can help provide liquidity so heirs are not forced to sell assets to cover estate taxes.

It's also important to understand non-resident tax rules, since income may be taxed in multiple states or cities where work is performed.

Have questions about your tax strategy? Our team is here to help https://www.ddkcpas.com/contact/

Do you know which types of business insurance your company may need?

Business risks can come in many different forms, including
- Customer injuries
- Cyberattacks
- Property damage
- Business interruptions

Understanding your coverage options can help protect your business against unexpected financial setbacks.

Happy birthday to our amazing team members celebrating this month! 🎉

We’re grateful for everything you bring to the team each day and hope your birthdays are filled with happiness and lots of cake! 🎂

Offering a 401(k) plan is a great benefit but it comes with important responsibilities.

From contribution timing to eligibility and vesting, your plan must follow both ERISA rules and your own plan document. Small errors can turn into big compliance issues if left unchecked.

A periodic review can help catch issues early and keep your plan running smoothly.

Need a second set of eyes on your plan? We're here to help https://www.ddkcpas.com/contact/

Could your business stock qualify for tax-free gains?

Qualified Small Business (QSB) stock may allow eligible founders and investors to exclude up to 100% of capital gains when selling stock that meets specific requirements.

Recent tax law updates expanded some of these benefits, making this strategy even more valuable for certain businesses.

Read our latest blog to learn about QSB eligibility requirements, holding period rules, and more. https://www.ddkcpas.com/qsb-stock-tax-free-gains/

Tax planning for entertainment professionals goes beyond filing returns.

Keeping organized records helps ensure timely payments and fewer penalties, while establishing clear tax residency can make a meaningful difference in managing multi-state tax obligations.

Need help navigating your tax strategy? Reach out to our team https://www.ddkcpas.com/contact/

Choosing the right retirement plan can have a real impact on both business cash flow and employee retention.

SEP IRAs offer flexibility and high contribution limits with no required annual contributions.

SIMPLE IRAs are easy to set up, employee-friendly, and allow both employer and employee contributions.

Each options comes with different tax rules, limits, and benefits depending on your business goals.

R&D credits aren't just for scientists.

If your business is improving products, processes, or software, you could be eligible.

Here is what counts:
- Solving uncertainty in development
- Testing ideas through experimentation
- Using science or technology as a foundation

Keep in mind:
- You must fund the work yourself
- You must retain rights to what you create
- Only U.S. - based research qualifies

Many businesses miss this opportunity simply because they assume it does not apply to them.