When you first get started as a business owner, it is important and even vital that you do everything you can on your own. This is a necessary step as you work to build up your business. After all, owning a business is all about making money, right? However, there might come a time when…
Owning and operating your own business can be challenging especially when it comes to keeping your accounting practices in order. One of the areas of accounting that can be difficult to navigate for those of us who are inexperienced or who do not have a formal education are audits. For example, a transaction audit and…
To minimize your small business taxes, tax preparation plays an important role. You want to organize your documents and update your tax strategy, no matter if you are doing the work or if you have help from a professional. This allows you to save your hard-earned profits as you take advantage of tax policies designed…
Small businesses face challenges on a daily basis and many of those challenges are financial in nature including lack of cash flow, inaccurate reconciliation of accounts and many more. Asking the right questions and understanding the steps needed to keep problems at a minimum are crucial to running your business successfully. Some of the most…
When you own a business, you are constantly trying to juggle multiple responsibilities at once. Many business owners are looking for ways that they can cut costs and increase their profit. This may lead to decisions with a small impact like taking care of the cleaning of your building to larger decisions that may include…
Owning your own business comes with a lot of financial rewards but along with those rewards also comes a lot of responsibility including various bookkeeping tasks essential to keeping your business operational. If you are taking your role as a business owner seriously, you probably already have various procedures in place to prevent bookkeeping fraud.…
There are many facets to filing your taxes. One of the components of filing taxes that usually has people scratching their heads is the topic of dependents. Sorting out who can qualify as your dependent for some reason is something that people have a hard time wrapping their heads around. Mark Dicus & Company is…
If you’re like most people, as you get settled into your career, you start asking yourself the question as to how much you should be stocking away for retirement. As much as this question is asked, you would think that there would be a quick answer to it. However, since everyone has such different financial…
With the cost of college tuition constantly rising, it can be daunting to think about sending yourself or your children through several years of college. This is where 529 plans come into play. They can be a great way to prepare for college tuition and have some tax benefits that come with them as well.…
Moving can be a big endeavor and the summer months are definitely the time that many families plan to make their move. When you are moving from state to state, another layer of complications that can come your way are the tax implications. This is something that many people haven’t given much thought to until…
