If you are like most small businesses, you aren’t trying to cheat or cut corners on your taxes. However, it is vital that the rules and regulations regarding when the IRS allows in your tax deductions so that you aren’t finding yourself in trouble with the government. It is one of the reason why accounting…
Facing a tax problem can feel overwhelming, stressful, and even frightening. Letters from the IRS or state tax agencies often come with strict deadlines, unfamiliar terminology, and the fear of serious financial consequences. The good news is that tax problems are often solvable with the right approach and professional guidance. At Mark Dicus & Company,…
Tax season can be stressful for anyone, whether you’re filing for the first time or have years of experience. Many individuals wonder whether they can handle their taxes on their own or if it’s better to seek professional help. Mark Dicus & Company has been assisting taxpayers for years, helping them navigate complex forms and…
When your books are riddled with mistakes, it can slowly start to creep up on you until you are faced with a mess at the end of the year. This can prove especially problematic as you are trying to prepare your taxes to file when taxes are due. When you neglect your bookkeeping tasks, it…
For small business owners, taxes are something that can sometimes loom over them. Many people wait until deadlines to give their taxes the attention that they need. This can prove to be a mistake though. There is great value in continuing to prepare your taxes throughout the year rather than waiting until the final days…
Most small business owners have mixed their personal finances and their business finances at one point or another. There are a few problems that can arise when you do this though. There are benefits that come from separating your business finances from your personal finances. Understanding the problems that can arise from this helps business…
As we get closer to the close of this year, this is an important time for businesses for a number of reasons. They will be looking at the goals that they accomplished, getting ready for tax season, and looking at the ways that they fell short this year. It is a unique time when businesses…
As a business owner, knowing that you are behind on your bookkeeping can be extremely stressful. You will start to see that it effects many different parts of your business. In fact, when you are behind on bookkeeping, it can start to stand in the way of your success. If you are behind, have no…
When you set out to own and run your own business, there is nothing sweeter than to see your business grow. However, sometimes growth can come with some growing pains. This is especially true when speaking of your finances and bookkeeping. It isn’t uncommon for business owners to get to a point where they are…
When running a business, it’s easy to confuse bookkeeping and accounting, but understanding the distinction is essential for maintaining financial health. While these two functions are closely related, they serve different purposes and require different skill sets. Today, we at Mark Dicus & Company would like to explain the differences so you can better manage…
