Every year after you file your taxes, you more than likely have several documents that support what you just filed to the IRS. It can leave people wondering what they need to keep and how long they need to keep these documents. Unfortunately, there isn’t a clear-cut answer for everyone. Mecham Dicus & Company is…
There are many benefits that come from being self-employed. You don’t have to answer to anybody and can be the dictator of your own schedule. However, you do have to still pay taxes on the income that you bring in. This can be expensive as you have to pay business taxes that can add up.…
While many of us don’t like to think about taxes unless it is absolutely necessary, you may find that reflecting back on your taxes can help you know what to expect in the coming years. It is a good idea to study your tax return so that you can file more efficiently this next year.…
The last 18 months have been tumultuous for many Americans. It had many families realizing that they didn’t have to live in a city to work for their company. Many that were finding themselves working from home decided that they wanted to relocate, at least for a time, to a quieter city that was more…
There are several different tax forms that are important to be aware of and understand. One of the forms that many might not understand fully is the Form 1099-R. This is one that you want to watch out for and pay attention to as it can have an impact on your taxes. If you don’t…
Last month, millions of Americans saw their bank accounts rise as they got their first installment of the Child Tax Credit (CTC) monthly payment. While the amount for each family varied, it surely came as a relief after struggling for the 18 months to make ends meet in this pandemic. There are several Americans that…
Today, more than ever, small businesses are finding that it can be simple to outsource their bookkeeping. The technology that we have at our disposal makes outsourcing your bookkeeping easier so that your business can run as smoothly as possible. Mecham Dicus & Company is here to talk about some of the major benefits that…
No business owner should ever underestimate the importance of a balance sheet. A balance sheet can reveal a lot about your business and in turn, its overall health. As a business owner you will want a good accounting service that can help provide a sound balance sheet. By understanding how to read your balance sheet,…
If you have children in your home, chances are, you saw money drop in your bank account starting this week from the IRS as advance child tax credit payments. Hopefully most of you were expecting this to happen, but there is a chance that the money could have caught you by surprise. While the money…
Many people open a restaurant with great ambitions towards living the dream. Many businesses don’t make it past their first five years because of the mistakes that inexperienced business owners often make. One essential part of owning and operating a successful restaurant is bookkeeping. There are especially certain times of the year that bookkeeping is…
