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…
One way the government has tried to help alleviate the effects of COVID-19 on small businesses is the Paycheck Protection Program (PPP.) While it has been around for quite a long time, there is still some confusion out there as to how it works. Several misconceptions have left business owners reluctant to take advantage of…
When you own your own small business, one of the biggest challenges about tax season is the pile of receipts that need to be gone through. It can be difficult to know what to keep and what you can throw away when it comes to receipts. Mecham Dicus & Company is here to shed some…
Part of owning and running a business, large or small, is dealing with contractors and vendors that help keep your business running. If you are a vendor or subcontractor, you are required by the IRS to fill out a Form W-9 for every business that you work with to avoid penalties. If you are at…
Anyone in the business world knows that bookkeeping and accounting are both essential parts to running a successful business. If you aren’t that experienced in business, you may not realize there is much of a difference between these two roles. Bookkeeping and accounting have different roles that compliment each other and work together to help…
Perhaps surprisingly, there are quite a few businesses that are looking to expand. Even small businesses can find the silver lining amidst the gloom despite the fact the economy has been hit hard by the pandemic. If you are looking to expand, we at Mecham Dicus & Company would like to offer worthwhile accounting advice…
Divorce is difficult for a number of different reasons. If you experience a divorce, something you may not have given much thought about is filing your taxes. Filing your taxes without a spouse is sure to look different just like much of your life now. To help you navigate some of the changes you will…
There have been several stimulus payments made to many Americans this past year. Now, beyond that, we can expect to start seeing a change in the way the IRS gives you the child tax credit. Many people are confused at what this means for them and their finances. Mecham Dicus & Company is here to…
When you are filing your taxes, there are often going to be mistakes that happen. Because the IRS knows that accidents happen, they have given you a way to make your mistakes right. When you make a mistake, you will need to file an amendment to your tax return to make any mistakes you made…
