For small business owners, opening and running your own business might be a dream come true. However, there are often times when those dreams are cut short because there wasn’t enough support to help gain success. Having a strong financial foundation is one of the number one things that small business owners need to have…
When you are grieving the loss of a loved one, the last thing that you are thinking about is taxes. However, after someone dies taxes will still need to be filed for them one last time. There are a few variables that come into play when deciding who is responsible for filing the taxes of…
If you have a car that you use for business purposes, you will quickly learn that the expense of driving a vehicle for your business can add up pretty quickly. Not only do you have to take into account the gas that you have to put in your car, but you also have to think…
When you first get started as a business owner, it is important and even vital that you do everything you can on your own. This is a necessary step as you work to build up your business. After all, owning a business is all about making money, right? However, there might come a time when…
Owning and operating your own business can be challenging especially when it comes to keeping your accounting practices in order. One of the areas of accounting that can be difficult to navigate for those of us who are inexperienced or who do not have a formal education are audits. For example, a transaction audit and…
To minimize your small business taxes, tax preparation plays an important role. You want to organize your documents and update your tax strategy, no matter if you are doing the work or if you have help from a professional. This allows you to save your hard-earned profits as you take advantage of tax policies designed…
Small businesses face challenges on a daily basis and many of those challenges are financial in nature including lack of cash flow, inaccurate reconciliation of accounts and many more. Asking the right questions and understanding the steps needed to keep problems at a minimum are crucial to running your business successfully. Some of the most…
When you own a business, you are constantly trying to juggle multiple responsibilities at once. Many business owners are looking for ways that they can cut costs and increase their profit. This may lead to decisions with a small impact like taking care of the cleaning of your building to larger decisions that may include…
Owning your own business comes with a lot of financial rewards but along with those rewards also comes a lot of responsibility including various bookkeeping tasks essential to keeping your business operational. If you are taking your role as a business owner seriously, you probably already have various procedures in place to prevent bookkeeping fraud.…
There are many facets to filing your taxes. One of the components of filing taxes that usually has people scratching their heads is the topic of dependents. Sorting out who can qualify as your dependent for some reason is something that people have a hard time wrapping their heads around. Mark Dicus & Company is…
