It can’t be stressed enough that having a good understanding of your financials is key to your success as a new business. There are many mistakes that can be made to your detriment in the beginning. When you have a clear picture of your financials, you are far less likely to make financial mistakes that…
There is a lot involved in owning and running your own business. It can be easy for things to fall through the cracks and go unnoticed. That is, until it all comes to a head, and you wonder how in the world you got there. One thing that can get out of hand in a…
Most people start to cringe a little at the thought of an audit. While the chances of you getting audited are quite small, there is always that sliver of a chance that it could happen. It is enough to leave people worried. It often leaves people wondering how far back the IRS can audit a…
Everyone dreads dealing with the IRS anytime. No one wants to find out that they are being penalized for any given reason. What many people don’t understand is that when you owe money to the IRS, you can actually find that they will show you mercy in certain circumstances. If you find yourself getting a…
There are so many similarities between small business owners and those that are self-employed that many people confuse the two with one another. However similar they may be, it is important that you know the difference between the two because they are certainly two different things in the eyes of the IRS. Mark Dicus &…
Running a business is a lot of work. There are so many facets that needs your attention, it can be difficult to stay on top of it all. When it comes to your success, bookkeeping is going to be essential. You have to stay on top of the books so that you are aware and…
If you are one of the lucky ones that get a tax refund this year, you may be making plans on how you will spend that money. It is always nice to get a chunk of change rather than paying the IRS for money they think you owe them. There are some ways that are…
When you think about the golden years when you’re retired and riding off into the sunset, you want to make sure you’re going to have the funds needed to do such a thing. This is going to require some planning and saving. One of the best ways to save for your retirement is with an…
There are several different situations you may find yourself in that require you to make a withdrawal from your retirement fund much sooner than you ever thought you would need to. While this is something that you can certainly do, you need to know that there are some repercussions that come with it. Knowing what…
Tax laws are something that are always evolving and changing. If you aren’t in the tax business, it can be hard to keep track of it all. With all of the changes that have been taking place with Covid-19, it is harder than ever to keep it all straight. It is important that you are…
