Small businesses can take a feeling of dread when it comes time to look at our pile of receipts and mountain of tax forms. Even a little mistake can cause problems when preparing your tax return. Your refund could be delayed, or you could end up with a larger tax bill than you should, or…
For many business owners, the idea of an IRS audit seems like your worst nightmare. Anytime the IRS thinks that something isn’t right with your business earnings and tax documents, you could be facing an audit. This is a close look at all of your financials and business practices to ensure there aren’t any errors…
Many businesses suffer from cash flow problems. Without sufficient cash flow, a business is severely crippled. Finding a solution to the problem can vary depending on the nature of the business. However, there are a number of general tips that can help solve cash flow problems. Mark Dicus & Company would like to share tips…
How does risk management consultation help businesses? There are many aspects of running a business, one being risk management. There are a ton of risks that a business takes every day. It is essential for the business to know how they must handle or manage these risks. Mark Dicus & Company will share how risk…
Do you own your own business? Owning your own business brings so many things along with it. It takes so much grit and determination to run a successful business. There are parts of the job that will be easier for you than others. One part that many business owners do not feel as comfortable with…
Have you ever wondered exactly what an IRS audit is? An audit occurs when the Internal Revenue Service (IRS) chooses to review a taxpayer’s accounts to verify that tax laws are being followed. Audits aren’t very common. According to the IRS, only 0.6 percent of individual returns were examined in the 2017 fiscal year. You…
There are so many benefits that come from owning and operating your own small business. You no longer have to answer to a boss and can do your own thing with the freedom that many people dream of. Not only are you calling all the shots though, you are also in charge of all the…
It’s everyone’s favorite time of the year; tax season. This can be a difficult time of year if you are someone that is self-employed. Taxes can be a complicated mess, but if you have some tools and the right people to work with, you can turn this dreaded time of year into one that isn’t…
Whether you are new to owning a business or have owned and run a small business for some time, there are many aspects that play a role in the accounting side of the business you may be missing. These common mistakes can put your business in jeopardy. There are many mistakes that are made more…
For small businesses, one of the most vital aspects of running the business is to have great bookkeeping practices. With a pristine financial record, you will better manage debt, determine the source of profits, and handle deposits and receive credit. Without proper bookkeeping, many businesses will go bankrupt before the business has had time to…
