Some people absolutely dread tax season. It is sometimes filled with stress and that results in dread. However, there are a good portion of citizens that will be getting a return when they file taxes each year. For these people, filing taxes is always somewhat exciting. It can leave people sometimes wondering if there is…
When it comes to having your taxes done, there are several different professionals that can help you get them taken care of. That’s doesn’t mean that all accountants work on tax preparation. When it comes to preparing taxes, there are different avenues one can take to do so. That doesn’t mean that all of them…
As a small business owner, you likely wear many hats, from managing operations to handling finances. However, there comes a point when it may be time to delegate financial responsibilities to a professional accountant. Knowing when your business is ready for this step can save time, money, and stress while allowing you to focus on…
It doesn’t matter what size your business is, accurately tracking and presenting financial information is a complex piece of business ownership. When reporting financial information, it needs to be transparent, consistent and comparable. This is where generally accepted accounting principles or GAAP comes into play. Mark Dicus & Company is here to talk about what…
As a business owner, it is important to have a grasp on money that is coming and going from your business. This is why understanding accounts payable and accounts receivable is so vital to your success. They are often confused for one another because they are closely related in a way. Mark Dicus & Company…
As a business owner, it might feel like you are juggling everything, all of the time. This might be true, but there are some things that you simply must have a grasp on and these are the three components that are used to make up the accounting equation. We are talking about assets, liabilities and…
Financial statements are essential tools for evaluating your financial health, making informed decisions, and meeting legal or business obligations. They offer a snapshot of your assets, liabilities, and overall financial position. But when exactly do you need to have one prepared? In this blog post, the experts from Mark Dicus & Company dive into some…
Tax planning is an essential aspect of personal and business finance that can have a significant impact on your overall financial health. While many individuals attempt to navigate the complexities of tax regulations on their own, working with a qualified accountant can provide invaluable advantages. In this blog post, the experts from Mark Dicus &…
When it comes to running a business, there are several financial statements that work together to give you a good idea and understanding of where you’re doing well as a business and where you could improve. Together, these financial statements help you make decisions to improve and grow your business with confidence. However, there is…
As a business owner, you know that there are important financial statements that you have to stay on top of for bookkeeping reasons. Not only are they helpful when it comes to accounting, these statements are valuable for a number of reasons. Today, we would like to shed some light on what a cash flow…
