There is a reason that so many people simply dread tax season. Compiling all the documents you need, worrying about how much money you are going to owe the IRS, and the list goes on. There are some things that you can do to make the tax season go off without a hitch this year…
When it comes to business, bookkeeping is the art of systematically organizing and recording all the financial transactions. Bookkeeping keeps the relevant financial information correct comprehensive and up to date. Small businesses may need professional bookkeeping services at certain stages of their operations. There are some stages down the line where it is more pertinent,…
While many people are aware that we have different tax brackets in our country, they aren’t completely sure how they work. In the United States, we have a progressive tax system that uses tax brackets. When you hear the word progressive, you may think about liberal thinking and ideals. It isn’t the case when it…
There are two ways that the IRS categorizes your taxes, ordinary and capital gains. These two types of taxes are incredibly different from one another and it is important that you understand what each of them are. Getting a good understanding of these two types of taxes can help you prepare appropriately for tax season.…
There was a tax extension deadline for the 2021 tax year that was on October 17th. While many people were scrambling to get ready for that, there were certainly some people that more than likely missed it. This an leave you wondering what your next step should be. Mark Dicus & Company is here to…
As the story goes, there are two things that you can count on in life, death and taxes, right? While all of us are more than familiar with paying our taxes, there is a common worry among many that they will one day get audited. Now, we aren’t here to say that you will never…
When you own and run your own business, there are several things that you can write off. One of them includes any expenses that come from business travel. There are more than likely going to be times that you find yourself traveling for business and want to be able to take full advantage of all…
If you are like most people, your children are your pride and joy. While you can claim more than just your child as a dependent, children are usually the dependents that parents are claiming on their taxes. There are a number of different ways that claiming a dependent can help lower your taxes every year…
Whether you are gathering receipts and records for your personal or business taxes, you are going to want to keep them organized to help save you time when tax season rolls around. When it comes to keeping your record straight and your receipts organized, the IRS doesn’t tell you what system you have to use…
There are so many different things that you need to think about as a small business owner. You have to make sure you’re paying your taxes on time, you have to keep your inventory stocked, and you definitely need to make sure you are paying all of your employees on a schedule that works for…
