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Our insights on topics affecting the industries we serve.
Blog
DHW’s blog is your go-to source to hear our firm’s insight on topics that affect not only the accounting industry, but also the industries in which we serve our clients.
How Retailers Can Effectively Manage Excess Inventory
For retailers, excess inventory can be a significant challenge. Whether it's due to seasonal fluctuations, changing consumer preferences, or unexpected market conditions, having surplus stock can tie up valuable resources such as storage and cash, and can hinder...
Top Areas of Tax Exposure and Audit Risk for Restaurants
Whether it be an examination by the Internal Revenue Service (IRS) or a state or local government, an audit of your books and records can undoubtedly bring unwanted anxiety, be a drain on resources, and in some cases, prove costly if your entity is found to be...
Recession Proof Your Restaurant
As talk of a looming recession continues to dominate the daily headlines, restaurant owners should strongly consider the consequences of such an event and take a proactive approach to ensuring they are prepared to navigate through another challenge facing the...
Steps to Becoming Compliant: Sales and Use Tax
The majority of U.S. states require businesses to collect and remit sales and use taxes, regardless of whether the business is physically located in the state or not. Tackling sales tax upfront is critical to reducing potential tax liabilities of the company and...
Business or Hobby? How to Avoid the Dreaded IRS “Hobby” Classification
Side businesses have become increasingly popular among Americans over the last several years. With the ability to work remotely and the forced lockdowns caused by the COVID-19 pandemic, this trend has seen significant growth since 2020. For some individuals, this...
Tips on How Your Retail Organization Can Reduce Holiday Theft and Loss
The Holiday shopping season is in full swing now that Black Friday and Cyber Monday have passed. Stores will welcome thousands of visitors, most of which will be there to legitimately shop. However, there will most likely be a few shady characters and potential...
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