As a business owner, it is vital that you separate your direct and indirect costs so that you can prepare your taxes appropriately. However, if you are new to the business world, you might not realize what the difference between the two might be. If you aren’t sure you know how to tell the difference…
There are many homeowners that are taking advantage of the huge profit they can get out of selling their home in a market where houses cost more than they ever have. When it comes to selling your house and making a profit, you may be wondering if you are going to see tax implications that…
Reasons I Would Receive a Certified or Other Letter from IRS You received a letter from the IRS and you are about to go into panic mode. According to the knowledgeable experts at Mark Dicus & Company there are a number of reasons that you may have received a letter from the IRS and not…
We are gearing up for more and more kids to ditch beach bags and pick up their backpacks again for another school year. This means that teachers have been getting ready for the return to school for weeks now. As teachers plan for the school year, there are some tax tips that they should keep…
For small business owners, opening and running your own business might be a dream come true. However, there are often times when those dreams are cut short because there wasn’t enough support to help gain success. Having a strong financial foundation is one of the number one things that small business owners need to have…
When you are grieving the loss of a loved one, the last thing that you are thinking about is taxes. However, after someone dies taxes will still need to be filed for them one last time. There are a few variables that come into play when deciding who is responsible for filing the taxes of…
If you have a car that you use for business purposes, you will quickly learn that the expense of driving a vehicle for your business can add up pretty quickly. Not only do you have to take into account the gas that you have to put in your car, but you also have to think…
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…
