There are millions of taxpayers in the service industry that receives tips. If you receive tips you must report them as income, according to the tax code. Where some employers have a system to simplify the tip reporting, others do not. Today, we at Mark Dicus & Company would like to offer some suggestions regarding…
Being a business owner is not for the faint of heart. There is always a risk to being the person in charge of it all. As you navigate through the process of running your own business you will find a groove that works best for you. Today Mark Dicus & Company would like to give…
Many small business owners will make accounting mistakes from time to time. This is only natural. However, too many mistakes can cause major financial problems for the company. Some of the most common accounting mistakes that business owners do is on their business balance sheets. Mark Dicus & Company will share what mistakes business owners…
There are moments in life that you want to remember so that you can tell your kids and grand-kids one day. These moments might include your first date, your wedding, fun moments from when you were in school, having your kids, and more. If you do not write down all of these things you will…
There are many businesses that are going through one of the greatest challenges this country has ever faced. Due to the COVID-19 pandemic, a number of businesses are closed down and the few essential businesses that are remaining open are finding business is slowing down. They are finding it harder to keep their workforce employed.…
With the continued quarantine for the coronavirus pandemic, many businesses are feeling the effects by official shut down orders. Even if your business was deemed essential, you likely still have noticed a decline in consumers. Whether you have few customers or had to shut down for a temporary time frame, the future can be fearful.…
When you are starting or even running a business there is a lot that you have to do. You need to make sure you have a product or a service that the public wants. Make sure that it is priced so you can make money and of course have the right staff. Some areas of…
For those of us that own businesses or are new to the business world, there is a lot to keep track of in order to be successful. There are many financial decisions that you will be making along the way. All of this has a certain jargon that goes with the territory. If you are…
There are many important considerations businesses must assess in order to continue to make their company thrive. One of these facets is the financials. Today, we at Mark Dicus & Company, LLC would like to discuss what simple analytics suggests about your financials. Calculate Cash Flow Your cash flow statement shows how much cash you…
Do you depend on a babysitter or nanny to help you out with your kids? If the answer is yes, you may be wondering if your babysitter needs to be paying taxes on that check. There are several factors that play a role in this question and Mark Dicus & Company is here to help…
