One of the main draws to owning your own business is the fact that you can have far more deductions than you would if you didn’t own the business and worked for someone else. In fact, one of the big deductions when you own your own company is travel expenses. It is important that when…
While your business may be struggling in keeping afloat during the pandemic, we are all struggling with how to market ourselves. Where some may have completely shut down, other businesses may be operating from homes or just improving the building’s sanitation and disinfection. Today. We at Mark Dicus & Company would like to provide some…
If you have been following the new stories you know how much chaos the coronavirus pandemic is causing. News broadcasts across the world are filled with stories and information about how the pandemic is affecting people throughout the world. Here in the United States something unprecedented has happened that Mark Dicus & Company wants to…
In a clear and concise manner, financial statements present the financial activities and health of the business. Balance sheet, income statements, cash flow statements, and statement of retained earnings are included in an organized manner. As required by accounting standards that are used, further disclosures are made as per relevant laws and regulations, however. To…
If you are a working American then you know that each year you have to file your taxes. This is our responsibility to the place that we choose to call home. We also pay our part so that the country can continue to operate. There are some people that don’t think about taxes until the…
Small business owners like to do things themselves. Doing so helps to minimize costs and run a tight ship. If your business is successful, it will grow. When your business grows so will your responsibilities. There are lots of tasks you need to get done with limited time. This is when a DIY approach can…
The IRS shutting down your business is an understandable concern for small business owners. In addition to the personal sacrifices and the countless resources and long hours into your business, learning the IRS is taking your business can be devastating. There are some circumstances that can lead to the IRS shutting down your business. Not…
When it comes to your company payroll, there are many basics and intricate detail to ensure efficient and tax compliance. Having a trained and skilled professional taking care of the payroll is in your better interest. Today, we at Mark Dicus & Company would like to take the opportunity to discuss the benefits of outsourcing…
We took the time to share some common business mistakes that was part one of two, and today, we at Mark Dicus & Company would like to conclude with part two of two to help businesses avoid these common tax mistakes. Employee Misclassification Depending if you use independent contractors, employees, or a mixture of both,…
Accounting has many terms and definitions that all business owners should know to ensure success and a better understanding of managing their cash flow. As many accounting terms were covered previously, Mark Dicus & Company has a few more accounting terms we would like to cover. Continuing on from our previous post, below are some…
