There are many businesses that are going through one of the greatest challenges this country has ever faced. Due to the COVID-19 pandemic, a number of businesses are closed down and the few essential businesses that are remaining open are finding business is slowing down. They are finding it harder to keep their workforce employed.…
With the continued quarantine for the coronavirus pandemic, many businesses are feeling the effects by official shut down orders. Even if your business was deemed essential, you likely still have noticed a decline in consumers. Whether you have few customers or had to shut down for a temporary time frame, the future can be fearful.…
When you are starting or even running a business there is a lot that you have to do. You need to make sure you have a product or a service that the public wants. Make sure that it is priced so you can make money and of course have the right staff. Some areas of…
For those of us that own businesses or are new to the business world, there is a lot to keep track of in order to be successful. There are many financial decisions that you will be making along the way. All of this has a certain jargon that goes with the territory. If you are…
There are many important considerations businesses must assess in order to continue to make their company thrive. One of these facets is the financials. Today, we at Mark Dicus & Company, LLC would like to discuss what simple analytics suggests about your financials. Calculate Cash Flow Your cash flow statement shows how much cash you…
Do you depend on a babysitter or nanny to help you out with your kids? If the answer is yes, you may be wondering if your babysitter needs to be paying taxes on that check. There are several factors that play a role in this question and Mark Dicus & Company is here to help…
All business owners, big or small, will require a number different insurance policies to ensure they are properly protected. Depending on the nature of the business, the types of insurance policy you will need will change and some will suit your business better than others. Therefore, it can be hard to know which types of…
Financial statements are utilized in businesses for a number of different reasons. One important reason is that financial statements provide a snapshot of the company’s financial health. Without proper financial statements, you will not be able to monitor the company’s revenue, future finances, and calculate its stronger earnings. Not only is the financial statements important…
The world is seeing a pandemic that most have only read about in the history books. The COVID-19 coronavirus is a new virus that is spreading around the globe and the problem that is concerning is that it can be spread from the air around you. The virus can hang in the air and live…
To give you an idea of the overall financial health of your business, it all stems from the analysis of the four basic financial statements, and for that reason alone it’s important to understand them. From a financial management perspective, combing through the financial statements can offer some valuable information. Today, we at Mark Dicus…
