We provide scalable accounting services for businesses of all sizes. Call us today for a free consultation to find out how we can help. Mark Dicus and Company is you premier choice for Accounting services whether you are here locally in the Las Vegas area or anywhere in the world. If you are looking for an experienced US based firm, then look no further.


We provide a comprehensive range of services in the areas of financial management, operations, risk management, strategy and technology. We offer a customized approach to our services that's based on your needs. Additional business services include: Bookkeeping, CFO Services, Cash Flow Management, Strategic Business Planning, Tax Strategies, and more.


We can assist in managing and minimizing all aspects of our client's tax liability, including, but not limited to, Federal, State and transfer taxes. Advance planning results in substantial benefits and allows time for developing alternative tax strategies. We also provide businesses period-end closing, financial statement preparation and budgeting on scheduled.

What is Capital Gains Tax in Kearns, UT? Is it Based on Ordinary or Adjusted Income? How Do These Taxes Work?

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. Mark Dicus & Company is here to explain what ordinary taxes are as well as capital gains as we approach tax season once again.

Ordinary Income Tax

You need to understand what falls under the ordinary category for taxes. Any income that came as a result of salary or hourly wages would be considered ordinary. Also, income that you have gotten as a small business owner or interest income as well. If you have a rental property that gives you income each month, it is also considered to be ordinary taxable income.

What Qualifies as Capital Gains Tax?

The clearest difference between ordinary and capital gains taxes comes this way; when you sell your personal property, you may be expected to pay capital gains taxes. This only comes into play when you sell the property or belongings for more than you purchased them for. This could be a result of selling stock sales, real estate, and mutual fund sales. There are, however, two kinds of capital transactions.
– Short Term: These capital transactions are treated just the same as ordinary taxes.
– Long Term: If you owned the asset for more than one year, it is considered a long term capital transaction. It will be taxes using the capital gains rate.

Will I Owe Capital Gains Tax?

To decipher whether or not you will be responsible for paying capital gains taxes or have experienced a loss, you can take the amount of money you got for the sale and subtract that from what you paid. If you made more than you spent, you will be responsible for paying capital gains. Depending on your income, you could be paying 0%, 15% or 20%. This is the same with a short term capital transaction. If you sold it for more than you paid, you will be taxes as ordinary income and that will be calculated using a marginal rate. If you came up with a loss, you can deduct up to $3,000 from your income. If they exceed that number, you can roll them over to the next tax year.

Tax Preparation, Filing, Planning & More in Salt Lake City, St. George, West Valley City, Provo, Orem, West Jordan & Greater Cedar City, Utah

If you have sold some personal property and aren’t sure what you owe, you can turn to Mark Dicus & Company to help you figure it all out. We have the experience and expertise needed to ensure your taxes are done right. Anytime you sell personal property for a large gain, you are more than likely going to have questions about what that means for your taxes. We can help you figure all that out. Call us today!

Accounting, Consulting & Tax Services in Greater Las Vegas NV, Cedar City UT, Seattle WA, San Francisco CA, Milwaukee WI & More