For too many people the idea of Bitcoin is foreign, despite the gain in popularity within the last year. Bitcoin, or cryptocurrency, is being learned, regulated, gained, and getting a better understanding. As far as the IRS is concerned, the potential large gain offers more tax dollars. For the spiking interest however, we at Mark…
While many of us would like to think that as long as we build a business, customers will come, it just isn’t a reality for most people. Opening and owning a business is a big job, and if you don’t do it right, you are going to fail. A big part of a successful business…
At an early age, many people are taught the dangers of credit cards. Such dangers can include ballooning debt, extreme interest rates, and lifelong consequences. Generally, even when the debtor passes, the balance will fall to relatives. From the one trillion dollars of credit card balances, U.S. banks are currently raking in 113 billion dollars…
When you are getting ready to do your taxes you are likely looking for all your paperwork and information that you need. Nothing is worse than getting ready to file your taxes and realizing that you don’t have all the information required. Now you have to take time to look around and locate what you…
When running a businesses it is a must for the business owner to keep all of the business’s receipts. However, as you accumulate more and more receipts, your desk drawer may not cut it any more. Receipts are important to keep track of and represent a financial record which is essential come tax time. Keeping…
Developing and understanding a business budget is one of the most important aspects of a successful business operation. In fact one of the very first steps you should take is researching your costs to ensure your budget is accurate. Unfortunately, many business owners underestimate the value of cost research. The knowledgeable experts at Mark Dicus…
While you may have a beautiful office somewhere, many of us have had to transform our homes into our offices since the pandemic hit America so hard. If you have been working from home since this crisis hit, you may be able to use some of your PPP funds to cover things like rent, utilities…
The primary element of making your business a success is knowing and understanding your financials. Unfortunately, many business owners struggle to understand all the different aspects of their financials. Where you may have experts assisting you with tracking different data, you might be unclear what to ask them to produce. Tracking profit margin might seem…
Many businesses often have trouble finding the right balance of price value and profit. When deciding how much to sell an item for or charge for a service, sometimes the set value is too high or too low. Both can affect your cash flow. When a business has been having cash flow problems, often they…
There are different types of people that you will see when it is time to work on your taxes. The one type has a file that they have set aside and collected all the documents that they would need to file their taxes. The other type seem to be the one that is unsure about…
