For many people, getting a tax return each year gives them a chance to catch up financially. For others, it might be an opportunity to put some money in savings for the year. Whatever situation you might find yourself in, it can be disappointing when you don’t get the tax return that you were hoping…
As a small business owner, you more than likely have some lofty financial goals that you’re working toward. The best way to achieve them is with the right budget in place. Not everyone is used to working with a budget, let alone setting one. Setting a budget for your business is going to be different…
When you own a business, you know that you are constantly wearing several hats at a time. There are so many different things that you need to pay attention to. It is nearly impossible to do it all on your own. This is where an accountant can come into play. Accountants are a vital part…
Some people absolutely dread tax season. It is sometimes filled with stress and that results in dread. However, there are a good portion of citizens that will be getting a return when they file taxes each year. For these people, filing taxes is always somewhat exciting. It can leave people sometimes wondering if there is…
When it comes to having your taxes done, there are several different professionals that can help you get them taken care of. That’s doesn’t mean that all accountants work on tax preparation. When it comes to preparing taxes, there are different avenues one can take to do so. That doesn’t mean that all of them…
As a small business owner, you likely wear many hats, from managing operations to handling finances. However, there comes a point when it may be time to delegate financial responsibilities to a professional accountant. Knowing when your business is ready for this step can save time, money, and stress while allowing you to focus on…
It doesn’t matter what size your business is, accurately tracking and presenting financial information is a complex piece of business ownership. When reporting financial information, it needs to be transparent, consistent and comparable. This is where generally accepted accounting principles or GAAP comes into play. Mark Dicus & Company is here to talk about what…
As a business owner, it is important to have a grasp on money that is coming and going from your business. This is why understanding accounts payable and accounts receivable is so vital to your success. They are often confused for one another because they are closely related in a way. Mark Dicus & Company…
As a business owner, it might feel like you are juggling everything, all of the time. This might be true, but there are some things that you simply must have a grasp on and these are the three components that are used to make up the accounting equation. We are talking about assets, liabilities and…
Financial statements are essential tools for evaluating your financial health, making informed decisions, and meeting legal or business obligations. They offer a snapshot of your assets, liabilities, and overall financial position. But when exactly do you need to have one prepared? In this blog post, the experts from Mark Dicus & Company dive into some…
