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DiMercurio Advisors - The Learning Center

    Recent Articles

    How to Set Effective Goals for Your Business and Achieve Them

    Reviewed by Janice Godin | Published on Jul 03, 2025 | Updated on Jul 3, 2025

    Financial Planning and Analysis

    How to lower your taxes with installment sales

    Reviewed by John Kirkland | Published on Jul 02, 2025 | Updated on Jul 2, 2025

    Business Tax Deductions and Credits
    Federal Income Taxes

    How can I tell if my business is healthy?

    Reviewed by Janice Godin | Published on Jul 01, 2025 | Updated on Jul 1, 2025

    Financial Planning and Analysis
    Bookkeeping and Accounting Basics

    Balance Sheet vs P&L: What goes where?

    Reviewed by Janice Godin | Published on Jun 30, 2025

    Bookkeeping and Accounting Basics
    Financial Statements

    Should I pay myself dividends or take owner distributions under my LLC?

    Reviewed by John Kirkland | Published on Jun 26, 2025 | Updated on Jun 26, 2025

    Employees, Contractors, Benefits and Payroll

    How does the Advance Premium Tax Credit (APTC) really work?

    Reviewed by John Kirkland | Published on Jun 25, 2025

    Individual Deductions and Credits
    Federal Income Taxes

    What happens if you miss making an estimated quarterly tax payment?

    Reviewed by Daniel McGinley CPA | Published on Jun 23, 2025

    Paying Your Income Taxes
    Estimated Taxes

    The Most Overlooked Tax Deductions for LLCs (and How to Claim Them)

    Reviewed by John Kirkland | Published on Jun 23, 2025

    Business Tax Deductions and Credits
    Federal Income Taxes

    Can my LLC deduct camera equipment?

    Reviewed by Daniel McGinley CPA | Published on Jun 23, 2025 | Updated on Jun 23, 2025

    Business Tax Deductions and Credits
    Federal Income Taxes

    When am I supposed to get my tax documents?

    Reviewed by John Kirkland | Published on Jun 19, 2025

    Federal Income Taxes

    How do you withdraw your business from a state?

    Reviewed by Janice Godin | Published on Jun 18, 2025

    Buying, Selling, or Merging Your Business

    How do I establish an installment agreement with the IRS?

    Reviewed by Nate Richards EA | Published on Jun 11, 2025

    Paying Your Income Taxes
    Federal Income Taxes

    What is adjusted gross income?

    Reviewed by John Kirkland | Published on Jun 11, 2025

    Federal Income Taxes

    Can I get out of paying penalties to the IRS?

    Reviewed by Nate Richards EA | Published on May 30, 2025

    Federal Income Taxes

    What is the small business stock exemption?

    Reviewed by John Kirkland | Published on May 30, 2025

    Buying, Selling, or Merging Your Business
    Individual Deductions and Credits
    Federal Income Taxes

    When should I make an S-corp election?

    Reviewed by John Kirkland | Published on May 30, 2025

    Federal Income Taxes

    Would an S-Corp election for my LLC be beneficial for tax purposes?

    Reviewed by John Kirkland | Published on May 28, 2025

    Business Tax Deductions and Credits
    Federal Income Taxes

    What is depreciation?

    Reviewed by John Kirkland | Published on May 23, 2025

    Business Tax Deductions and Credits
    Federal Income Taxes

    Do I need to keep a receipt of every lunch I have?

    Reviewed by John Kirkland | Published on May 23, 2025

    Bookkeeping and Accounting Basics
    Business Tax Deductions and Credits

    What is a like-kind exchange?

    Reviewed by John Kirkland | Published on May 21, 2025

    Business Tax Deductions and Credits
    Federal Income Taxes

    How do I reconcile my account in QuickBooks Desktop?

    Reviewed by Janice Godin | Published on May 21, 2025

    Accounting Software

    How does the Tip Tax Credit work?

    Reviewed by John Kirkland | Published on May 19, 2025

    Business Tax Deductions and Credits
    Federal Income Taxes

    How do I reconcile my account in QuickBooks Online?

    Reviewed by Janice Godin | Published on May 19, 2025

    Accounting Software

    How do I reach a real person at the IRS?

    Reviewed by Nate Richards EA | Published on May 19, 2025

    Federal Income Taxes

    Why keep my books on an accrual basis but pay taxes on a cash basis?

    Reviewed by Nate Richards EA | Published on May 06, 2025

    Bookkeeping and Accounting Basics
    Business Tax Deductions and Credits
    Federal Income Taxes

    What is the Research and Development Credit?

    Reviewed by John Kirkland | Published on May 06, 2025

    Business Tax Deductions and Credits
    Federal Income Taxes

    What is bonus depreciation?

    Reviewed by John Kirkland | Published on May 06, 2025

    Business Tax Deductions and Credits
    Federal Income Taxes

    QuickBooks vs. Xero: Which Accounting Software is Right for My Business?

    Reviewed by Janice Godin | Published on May 06, 2025

    Accounting Software

    What expenses can I incur when starting a new business?

    Reviewed by Sheila Welch | Published on May 06, 2025

    Business Formation and Registration

    What is a materially participating real estate professional?

    Reviewed by Eli Sola | Published on Apr 28, 2025

    Business Tax Deductions and Credits
    Individual Deductions and Credits
    Federal Income Taxes

    I didn't receive a 1099-NEC, do I still owe tax on that income?

    Reviewed by John Kirkland | Published on Apr 28, 2025

    Employees, Contractors, Benefits and Payroll
    Federal Income Taxes

    How is my income taxed?

    Reviewed by Daniel McGinley CPA | Published on Apr 28, 2025

    Federal Income Taxes

    How do I export my financials from QuickBooks?

    Reviewed by Janice Godin | Published on Apr 28, 2025

    Accounting Software

    What type of bookkeeper should I hire for my business?

    Reviewed by Janice Godin | Published on Apr 25, 2025

    Bookkeeping and Accounting Basics

    What is the Kiddie Tax?

    Reviewed by John Kirkland | Published on Apr 25, 2025

    Federal Income Taxes

    What is an accounting diagnostic and why is it important?

    Reviewed by Sheila Welch | Published on Apr 25, 2025

    Financial Planning and Analysis

    What is a W-3 and why is my CPA asking for it?

    Reviewed by John Kirkland | Published on Apr 25, 2025

    Federal Income Taxes

    What happens if I lose my 1095-A?

    Reviewed by Daniel McGinley CPA | Published on Apr 25, 2025

    Individual Deductions and Credits
    Federal Income Taxes

    Oh no! I gave the IRS the wrong deposit info! What now?

    Reviewed by Nate Richards EA | Published on Apr 25, 2025

    Federal Income Taxes

    What can I write off as a content creator?

    Reviewed by Daniel McGinley CPA | Published on Apr 25, 2025

    Business Tax Deductions and Credits
    Federal Income Taxes

    I filed my tax return, but the IRS says they didn't receive it - what now?

    Reviewed by Nate Richards EA | Published on Apr 25, 2025

    Federal Income Taxes

    How does a 1031 exchange work?

    Reviewed by John Kirkland | Published on Apr 25, 2025

    Business Tax Deductions and Credits
    Federal Income Taxes

    How do I pull my payroll report from Gusto?

    Reviewed by Janice Godin | Published on Apr 25, 2025

    Accounting Software
    Employees, Contractors, Benefits and Payroll

    How do I export my financials from Xero?

    Reviewed by Janice Godin | Published on Apr 25, 2025

    Accounting Software

    How do I apply for an ITIN?

    Reviewed by Nate Richards EA | Published on Apr 25, 2025

    Federal Income Taxes

    Do I need to file F-1120?

    Reviewed by John Kirkland | Published on Apr 25, 2025

    State Income Taxes

    How do I track my mileage?

    Reviewed by John Kirkland | Published on Apr 25, 2025

    Business Tax Deductions and Credits
    Federal Income Taxes

    What is an Identity Protection PIN?

    Reviewed by Nate Richards EA | Published on Apr 25, 2025

    Federal Income Taxes

    How can I get my tax return done as quickly as possible?

    Reviewed by Sheila Welch | Published on Apr 23, 2025

    Federal Income Taxes

    Why do I need a bookkeeper?

    Reviewed by Janice Godin | Published on Apr 23, 2025

    Bookkeeping and Accounting Basics

    What is the Delaware Franchise Tax Filing?

    Reviewed by Daniel McGinley CPA | Published on Apr 23, 2025

    Sales Tax
    State Income Taxes

    What does an accountant do?

    Reviewed by Sheila Welch | Published on Apr 23, 2025

    Bookkeeping and Accounting Basics

    Why aren't my loans showing up on my P&L?

    Reviewed by Janice Godin | Published on Apr 23, 2025

    Bookkeeping and Accounting Basics
    Financial Statements

    Who should I pick as my trustee?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Apr 23, 2025

    Trusts, Wills, Gifts and Estate Planning

    What do I do if I lost my IRS IP PIN?

    Reviewed by Nate Richards EA | Published on Apr 23, 2025

    Federal Income Taxes

    Should I invest in accounting strategy or tax strategy?

    Reviewed by Sheila Welch | Published on Apr 23, 2025

    Bookkeeping and Accounting Basics
    Business Tax Deductions and Credits
    Federal Income Taxes

    How do I track my tax refund?

    Reviewed by Nate Richards EA | Published on Apr 23, 2025

    Federal Income Taxes

    How can I deduct my vacation as a business owner?

    Reviewed by John Kirkland | Published on Apr 23, 2025

    Business Tax Deductions and Credits
    Federal Income Taxes

    I made a payment mistake with the IRS. How do I fix it?

    Reviewed by Nate Richards EA | Published on Apr 14, 2025

    Federal Income Taxes

    Why is my CPA asking for my prior year tax return?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Apr 14, 2025

    Federal Income Taxes

    What is a pass-through entity?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Apr 11, 2025

    Federal Income Taxes

    What is a Health Savings Account?

    Reviewed by John Kirkland | Published on Apr 11, 2025

    Individual Deductions and Credits
    Federal Income Taxes

    If I paid my contractor with Zelle, do I still need to send them a 1099-NEC?

    Reviewed by John Kirkland | Published on Mar 28, 2025

    Employees, Contractors, Benefits and Payroll
    Federal Income Taxes

    How do I get an Identity Protection PIN?

    Reviewed by Nate Richards EA | Published on Mar 28, 2025

    Federal Income Taxes

    Compilation vs. Review vs. Audit: What Small Business Owners Need to Know

    Reviewed by Sean DiMercurio CPA CGMA | Published on Mar 28, 2025

    Bookkeeping and Accounting Basics
    Financial Statements

    What is Form SSA-1099?

    Reviewed by John Kirkland | Published on Mar 21, 2025

    Tax Form Library

    What is FL Form F-7004?

    Reviewed by John Kirkland | Published on Mar 21, 2025

    Tax Form Library

    What is FL Form F-1120?

    Reviewed by John Kirkland | Published on Mar 21, 2025

    Tax Form Library

    What is FL Form F-1065?

    Reviewed by John Kirkland | Published on Mar 21, 2025 | Updated on Mar 21, 2025

    Tax Form Library

    What is Section 179?

    Reviewed by John Kirkland | Published on Mar 14, 2025

    Business Tax Deductions and Credits
    Federal Income Taxes

    When should I get a bookkeeper?

    Reviewed by Sheila Welch | Published on Mar 14, 2025

    Bookkeeping and Accounting Basics

    What is an operating agreement?

    Reviewed by Sheila Welch | Published on Mar 08, 2025

    Business Formation and Registration

    What does a CPA charge extra for?

    Reviewed by Sheila Welch | Published on Mar 08, 2025 | Updated on Mar 8, 2025

    Financial Planning and Analysis
    Working with DiMercurio Advisors
    Federal Income Taxes

    How can I protect myself when entering a new business partnership?

    Reviewed by Sheila Welch | Published on Mar 08, 2025 | Updated on Mar 8, 2025

    Business Formation and Registration

    What is enhanced reporting and how can it help my business grow?

    Reviewed by Janice Godin | Published on Feb 28, 2025

    Financial Planning and Analysis
    Financial Statements

    What is the Home Office Deduction?

    Reviewed by John Kirkland | Published on Feb 17, 2025

    Individual Deductions and Credits
    Federal Income Taxes

    What is the best budgeting software?

    Reviewed by Janice Godin | Published on Feb 17, 2025

    Financial Planning and Analysis
    Accounting Software

    What is GAAP?

    Reviewed by Janice Godin | Published on Feb 17, 2025

    Bookkeeping and Accounting Basics

    Is QuickBooks enough?

    Reviewed by Janice Godin | Published on Feb 07, 2025

    Accounting Software
    Working in QuickBooks Online

    What is a Certificate of Good Standing?

    Reviewed by Sheila Welch | Published on Feb 07, 2025

    State Income Taxes

    What is an annual report?

    Reviewed by Sheila Welch | Published on Feb 07, 2025

    Business Formation and Registration

    What is a LTR3852C Notice?

    Reviewed by Nate Richards EA | Published on Jan 31, 2025 | Updated on Feb 2, 2025

    Tax Notice Library

    What is a LTR6042C Notice?

    Reviewed by Nate Richards EA | Published on Jan 31, 2025 | Updated on Feb 2, 2025

    Tax Notice Library

    FinCEN is not enforcing the Corporate Transparency Act after all

    Reviewed by Sean DiMercurio CPA CGMA | Published on Jan 24, 2025

    Beneficial Owner Information Reporting

    It's Back: Corporate Transparency Act Reinstated

    Reviewed by Sean DiMercurio CPA CGMA | Published on Jan 24, 2025 | Updated on Jan 24, 2025

    Beneficial Owner Information Reporting

    Do I need to keep my receipts?

    Reviewed by Nate Richards EA | Published on Jan 22, 2025

    Bookkeeping and Accounting Basics
    Accounting Software
    Federal Income Taxes

    What is a CP220 Notice?

    Reviewed by Nate Richards EA | Published on Jan 17, 2025 | Updated on Jan 17, 2025

    Tax Notice Library

    What is a CP256V Notice?

    Reviewed by Nate Richards EA | Published on Jan 17, 2025 | Updated on Jan 17, 2025

    Tax Notice Library

    What is a LTR106C Notice?

    Reviewed by Nate Richards EA | Published on Jan 10, 2025

    Tax Notice Library

    What is a LTR105C Notice?

    Reviewed by Nate Richards EA | Published on Jan 10, 2025

    Tax Notice Library

    How do I reconcile my account in Xero? [A step-by-step guide]

    Reviewed by Janice Godin | Published on Dec 30, 2024

    Accounting Software

    The Corporate Transparency Act has once again been halted

    Reviewed by Sean DiMercurio CPA CGMA | Published on Dec 30, 2024

    Beneficial Owner Information Reporting

    What is a LTR12C Notice?

    Reviewed by Nate Richards EA | Published on Dec 27, 2024 | Updated on Dec 27, 2024

    Tax Notice Library

    The Corporate Transparency Act has been resumed

    Reviewed by Sean DiMercurio CPA CGMA | Published on Dec 26, 2024 | Updated on Dec 26, 2024

    Beneficial Owner Information Reporting

    What is a CP140 Notice?

    Reviewed by Nate Richards EA | Published on Dec 21, 2024

    Tax Notice Library

    What is a CP136 Notice?

    Reviewed by Nate Richards EA | Published on Dec 21, 2024

    Tax Notice Library

    The Corporate Transparency Act has been halted

    Reviewed by Sean DiMercurio CPA CGMA | Published on Dec 06, 2024 | Updated on Dec 6, 2024

    Beneficial Owner Information Reporting
    schedule-k-1

    What is a Schedule K-1?

    Reviewed by Daniel McGinley CPA | Published on Nov 25, 2024 | Updated on Apr 9, 2025

    Tax Form Library
    Federal Income Taxes
    florida annual report

    What is the Florida Annual Report?

    Reviewed by Sheila Welch | Published on Nov 25, 2024 | Updated on Feb 7, 2025

    Business Formation and Registration

    How can visualizing cash flow improve my business strategy?

    Reviewed by Janice Godin | Published on Nov 08, 2024

    Financial Planning and Analysis
    Cash Flow Management

    What does it really mean to be out of budget?

    Reviewed by Janice Godin | Published on Nov 08, 2024

    Financial Planning and Analysis
    Cash Flow Management

    How does Hurricane Milton impact my taxes?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Oct 14, 2024 | Updated on Nov 29, 2024

    Hurricane and Disaster Related

    How does Hurricane Helene impact my taxes?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Oct 02, 2024 | Updated on Nov 29, 2024

    Hurricane and Disaster Related

    How can enhanced financial reports take my business to the next level?

    Reviewed by Janice Godin | Published on Sep 16, 2024 | Updated on Nov 29, 2024

    Financial Planning and Analysis

    How can financial forecasting help my business grow?

    Reviewed by Janice Godin | Published on Sep 16, 2024 | Updated on Nov 29, 2024

    Financial Planning and Analysis

    How do I create a reconciliation report?

    Reviewed by Janice Godin | Published on Sep 16, 2024 | Updated on Nov 22, 2024

    Bookkeeping and Accounting Basics
    Accounting Software

    Is it okay to go over my business budget?

    Reviewed by Janice Godin | Published on Sep 10, 2024 | Updated on Nov 25, 2024

    Financial Planning and Analysis
    Cash Flow Management

    Why should I create a budget for my business?

    Reviewed by Janice Godin | Published on Sep 03, 2024 | Updated on Nov 25, 2024

    Financial Planning and Analysis
    Cash Flow Management

    Where do I pay my tax bill?

    Reviewed by Nate Richards EA | Published on Aug 22, 2024 | Updated on Nov 25, 2024

    Paying Your Income Taxes
    State Income Taxes
    Federal Income Taxes

    How does Hurricane Debby impact my taxes?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Aug 14, 2024 | Updated on Nov 29, 2024

    Hurricane and Disaster Related

    How do I sign up for a FinCEN ID?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Jan 28, 2024 | Updated on Nov 25, 2024

    Beneficial Owner Information Reporting

    How do I file a Business Owner Information (BOI) report? [A step-by-step guide with pictures]

    Reviewed by Sean DiMercurio CPA CGMA | Published on Jan 28, 2024 | Updated on Nov 25, 2024

    Beneficial Owner Information Reporting
    tax deadlines

    Every major tax deadline in 2024

    Reviewed by Sean DiMercurio CPA CGMA | Published on Jan 01, 2024 | Updated on Dec 13, 2024

    Federal Income Taxes

    Do I get more time to file my taxes because of a hurricane?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Oct 13, 2023 | Updated on Nov 25, 2024

    Federal Income Taxes
    Hurricane and Disaster Related

    How does a hurricane impact my taxes?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Aug 31, 2023 | Updated on Nov 25, 2024

    Federal Income Taxes
    Hurricane and Disaster Related
    cta-explainer

    All about the Corporate Transparency Act [updated for 1/23/2025 Court Decision]

    Reviewed by Sean DiMercurio CPA CGMA | Published on Aug 17, 2023 | Updated on Jan 24, 2025

    Beneficial Owner Information Reporting
    offering-employee-benefits

    4 reasons your small business should offer a 401(k)

    Reviewed by Sheila Welch | Published on Aug 05, 2023 | Updated on Nov 25, 2024

    Employees, Contractors, Benefits and Payroll
    early-tax-mailing

    How early can I file my taxes?

    Reviewed by John Kirkland | Published on Jul 28, 2023 | Updated on Nov 25, 2024

    Federal Income Taxes
    employee-retention-tax-credit

    The Employee Retention Credit explained

    Reviewed by Sean DiMercurio CPA CGMA | Published on Jul 26, 2023 | Updated on Nov 29, 2024

    Hurricane and Disaster Related
    business-debt

    How to deal with debt in your small business

    Reviewed by Sheila Welch | Published on Jul 17, 2023 | Updated on Nov 22, 2024

    Financial Planning and Analysis
    Cash Flow Management
    Bookkeeping and Accounting Basics
    tax-document-storage

    How long should I keep my tax documents?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Jul 13, 2023 | Updated on Nov 25, 2024

    Federal Income Taxes
    freelance-contract-work

    Does an independent contractor need an LLC?

    Reviewed by John Kirkland | Published on Jul 11, 2023 | Updated on Nov 25, 2024

    Business Formation and Registration
    tax-penalty

    What if I miss an individual tax deadline?

    Reviewed by Nate Richards EA | Published on Jun 29, 2023 | Updated on Nov 25, 2024

    Individual Deductions and Credits
    Federal Income Taxes
    power-of-attorney-signing

    Why does my accountant need a power of attorney?

    Reviewed by Nate Richards EA | Published on Jun 23, 2023 | Updated on Nov 29, 2024

    Working with DiMercurio Advisors
    late-tax-filing

    I haven't filed taxes in years, what do I do?

    Reviewed by John Kirkland | Published on Jun 09, 2023 | Updated on Nov 25, 2024

    Paying Your Income Taxes
    Federal Income Taxes
    using-basis-in-taxes

    What is basis?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Jun 06, 2023 | Updated on Nov 22, 2024

    Business Tax Deductions and Credits
    Individual Deductions and Credits
    Federal Income Taxes
    married-couple-doing-taxes

    Should we file jointly or separately?

    Reviewed by John Kirkland | Published on May 24, 2023 | Updated on Nov 25, 2024

    Individual Deductions and Credits
    Federal Income Taxes
    payroll-provider

    Why use a payroll provider?

    Reviewed by Janice Godin | Published on May 19, 2023 | Updated on Nov 25, 2024

    Employees, Contractors, Benefits and Payroll
    meals-entertainment-expense

    Can I deduct business-related meals and entertainment expenses?

    Reviewed by Nate Richards EA | Published on May 17, 2023 | Updated on Nov 22, 2024

    Business Tax Deductions and Credits
    Federal Income Taxes
    financial-advisor-or-CPA

    Should I hire a CPA or a financial advisor?

    Reviewed by Sean DiMercurio CPA CGMA | Published on May 09, 2023 | Updated on Nov 29, 2024

    Bookkeeping and Accounting Basics
    filing-paper-return

    How to send certified mail with return receipt

    Reviewed by Sheila Welch | Published on May 04, 2023 | Updated on Nov 29, 2024

    Paying Your Income Taxes
    crypto-taxes

    How is my cryptocurrency taxed?

    Reviewed by John Kirkland | Published on Apr 27, 2023 | Updated on Nov 25, 2024

    State Income Taxes
    Federal Income Taxes
    fractional-CFO-services

    Should I hire an outsourced CFO service?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Apr 21, 2023 | Updated on Nov 29, 2024

    Financial Planning and Analysis
    financial-statement-details

    How detailed should my financial statements be?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Apr 20, 2023 | Updated on Nov 22, 2024

    Bookkeeping and Accounting Basics
    Financial Statements
    keeping-the-books

    Bookkeeping or accounting: which do I need?

    Reviewed by Janice Godin | Published on Apr 13, 2023 | Updated on Nov 22, 2024

    Bookkeeping and Accounting Basics
    state-business-taxes

    How do state taxes work?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Apr 10, 2023 | Updated on Nov 25, 2024

    Paying Your Income Taxes
    State Income Taxes
    Employees, Contractors, Benefits and Payroll
    gift-giving-getting-taxed

    Guide to gift taxes

    Reviewed by Sean DiMercurio CPA CGMA | Published on Apr 06, 2023 | Updated on Dec 13, 2024

    Individual Deductions and Credits
    Federal Income Taxes
    final-tax-return

    Do the deceased ever have to pay taxes?

    Reviewed by Nate Richards EA | Published on Apr 05, 2023 | Updated on Nov 25, 2024

    Individual Deductions and Credits
    Trusts, Wills, Gifts and Estate Planning
    Federal Income Taxes
    junior-taxpayer

    Does my child need to file taxes?

    Reviewed by Nate Richards EA | Published on Mar 30, 2023 | Updated on Nov 25, 2024

    State Income Taxes
    Federal Income Taxes
    inactive-business-entity

    What if my business had zero activity?

    Reviewed by Sheila Welch | Published on Mar 29, 2023 | Updated on Nov 25, 2024

    Federal Income Taxes
    shady-business-partner

    What to do if your partner is stealing from the business

    Reviewed by Sean DiMercurio CPA CGMA | Published on Mar 24, 2023 | Updated on Nov 29, 2024

    Business Formation and Registration
    Employees, Contractors, Benefits and Payroll
    deductions-and-credits

    What's the difference between tax deductions and tax credits?

    Reviewed by John Kirkland | Published on Mar 23, 2023 | Updated on Nov 22, 2024

    Business Tax Deductions and Credits
    Individual Deductions and Credits
    Federal Income Taxes
    cash-income

    Should I claim cash income on my tax return?

    Reviewed by Daniel McGinley CPA | Published on Mar 16, 2023 | Updated on Nov 22, 2024

    Business Tax Deductions and Credits
    Individual Deductions and Credits
    Federal Income Taxes

    Tax return deadline vs payment due date: what's the difference?

    Reviewed by Daniel McGinley CPA | Published on Mar 07, 2023 | Updated on Nov 25, 2024

    Paying Your Income Taxes
    Federal Income Taxes
    recession-preparation

    7 ways to prepare your business for a recession

    Reviewed by Sheila Welch | Published on Feb 23, 2023 | Updated on Nov 25, 2024

    Financial Planning and Analysis
    Cash Flow Management
    common-tax-document-requests

    What documents does my CPA need to do my taxes?

    Reviewed by Nate Richards EA | Published on Feb 16, 2023 | Updated on Nov 22, 2024

    Business Tax Deductions and Credits
    Individual Deductions and Credits
    State Income Taxes
    Federal Income Taxes
    laying-off-employees

    How to handle conducting layoffs in your business

    Reviewed by Janice Godin | Published on Feb 14, 2023 | Updated on Nov 25, 2024

    Employees, Contractors, Benefits and Payroll
    revocable-living-trust

    Do I need a trust?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Feb 10, 2023 | Updated on Nov 29, 2024

    Trusts, Wills, Gifts and Estate Planning
    married-with-business

    How should married couples register a business?

    Reviewed by John Kirkland | Published on Feb 06, 2023 | Updated on Nov 25, 2024

    Business Formation and Registration
    apply-for-LLC-reinstatement

    Reinstating an LLC

    Reviewed by Janice Godin | Published on Jan 27, 2023 | Updated on Nov 25, 2024

    Business Formation and Registration
    glossary-of-tax-terms

    Common tax terms explained

    Reviewed by Nate Richards EA | Published on Jan 25, 2023 | Updated on Nov 25, 2024

    State Income Taxes
    Federal Income Taxes
    2023-hurricane-ian

    Hurricane Ian impacts in 2023

    Reviewed by Sheila Welch | Published on Jan 20, 2023 | Updated on Nov 29, 2024

    Hurricane and Disaster Related
    business-debt

    What is business debt?

    Reviewed by Janice Godin | Published on Jan 16, 2023 | Updated on Nov 22, 2024

    Bookkeeping and Accounting Basics
    most-important-documents

    Important documents everyone should think about

    Reviewed by Sean DiMercurio CPA CGMA | Published on Jan 10, 2023 | Updated on Nov 29, 2024

    Trusts, Wills, Gifts and Estate Planning

    How to pay your kids

    Reviewed by Nate Richards EA | Published on Jan 05, 2023 | Updated on Nov 22, 2024

    Business Tax Deductions and Credits
    Employees, Contractors, Benefits and Payroll
    tax deadlines

    Every major tax deadline in 2023

    Reviewed by Sean DiMercurio CPA CGMA | Published on Dec 31, 2022 | Updated on Nov 25, 2024

    Paying Your Income Taxes
    State Income Taxes
    Federal Income Taxes
    tax deadlines

    Every major tax deadline in 2025

    Reviewed by Sean DiMercurio CPA CGMA | Published on Dec 29, 2022 | Updated on Mar 10, 2025

    Federal Income Taxes
    renaming-my-business

    How to change a business name

    Reviewed by Sheila Welch | Published on Dec 20, 2022 | Updated on Nov 29, 2024

    Business Formation and Registration
    disaster-loss

    What is a casualty loss deduction?

    Reviewed by John Kirkland | Published on Dec 19, 2022 | Updated on Nov 22, 2024

    Business Tax Deductions and Credits
    Individual Deductions and Credits
    Federal Income Taxes
    building-inspection

    What is a cost segregation study?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Dec 15, 2022 | Updated on Nov 22, 2024

    Business Tax Deductions and Credits
    Cost Segregation Studies
    Federal Income Taxes
    tax-day

    When should I pay my tax bill?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Dec 02, 2022 | Updated on Nov 25, 2024

    Paying Your Income Taxes
    State Income Taxes
    Federal Income Taxes
    bookkeeper-account-access

    Does my bookkeeper really need access to my accounts?

    Reviewed by Sheila Welch | Published on Nov 14, 2022 | Updated on Nov 22, 2024

    Bookkeeping and Accounting Basics
    best-tax-tips

    5 best tax tips for year end

    Reviewed by Sean DiMercurio CPA CGMA | Published on Nov 11, 2022 | Updated on Nov 22, 2024

    Business Tax Deductions and Credits
    Individual Deductions and Credits
    business-structure-planning

    Legal structure vs tax structure

    Reviewed by Sean DiMercurio CPA CGMA | Published on Nov 07, 2022 | Updated on Nov 25, 2024

    Business Formation and Registration
    giving-to-charity

    How do charitable donations work on my tax return?

    Reviewed by John Kirkland | Published on Nov 03, 2022 | Updated on Nov 25, 2024

    Individual Deductions and Credits
    Federal Income Taxes
    filing-form-4852

    What is Form 4852?

    Reviewed by Nate Richards EA | Published on Nov 02, 2022 | Updated on Nov 25, 2024

    Tax Form Library
    Estimated Taxes
    Federal Income Taxes
    business-returns-filed-separately

    Do I file business taxes separately from personal taxes?

    Reviewed by John Kirkland | Published on Oct 28, 2022 | Updated on Nov 25, 2024

    State Income Taxes
    Federal Income Taxes
    irs-forms-explained

    Common IRS forms explained

    Reviewed by John Kirkland | Published on Oct 24, 2022 | Updated on Nov 29, 2024

    Tax Form Library
    sole-prop-hiring-employees

    Can a sole proprietor hire employees?

    Reviewed by Sheila Welch | Published on Oct 14, 2022 | Updated on Nov 25, 2024

    Employees, Contractors, Benefits and Payroll
    flat-rate-or-hourly-business-service

    Flat rate vs hourly: What's the difference?

    Reviewed by Sheila Welch | Published on Oct 14, 2022 | Updated on Nov 29, 2024

    Bookkeeping and Accounting Basics
    hurricane-impacts

    SBA disaster loans for Hurricane Ian

    Reviewed by Sean DiMercurio CPA CGMA | Published on Oct 13, 2022 | Updated on Nov 29, 2024

    Hurricane and Disaster Related
    best-tax-deal

    Should I take itemized or standard deductions?

    Reviewed by John Kirkland | Published on Oct 05, 2022 | Updated on Nov 25, 2024

    Individual Deductions and Credits
    Federal Income Taxes
    hurricane-impacts-taxes

    Does Hurricane Ian affect my taxes?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Oct 03, 2022 | Updated on Nov 29, 2024

    Hurricane and Disaster Related
    getting-independent-work-done

    Sole proprietor vs independent contractor: What's the difference?

    Reviewed by Sheila Welch | Published on Sep 23, 2022 | Updated on Nov 22, 2024

    Business Tax Deductions and Credits
    Federal Income Taxes
    small-business-owner-bookkeeping

    Cash vs accrual: Which accounting method is best for my business?

    Reviewed by Janice Godin | Published on Sep 22, 2022 | Updated on Nov 22, 2024

    Bookkeeping and Accounting Basics
    Business Tax Deductions and Credits
    Federal Income Taxes
    comparing-financial-statements

    Income statement vs cash flow statement: What's the difference?

    Reviewed by Janice Godin | Published on Sep 16, 2022 | Updated on Nov 22, 2024

    Bookkeeping and Accounting Basics
    Financial Statements
    how-do-AJEs-work

    What is an adjusting journal entry?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Sep 15, 2022 | Updated on Nov 22, 2024

    Bookkeeping and Accounting Basics

    Inc. vs. LLC: Which structure is better for small businesses?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Aug 09, 2022 | Updated on Nov 25, 2024

    Business Formation and Registration
    small business chart of accounts

    How to create a small business chart of accounts

    Reviewed by Sheila Welch | Published on Aug 08, 2022 | Updated on Nov 22, 2024

    Accounting Software
    business payment apps best practices

    5 best practices for using small business payment apps

    Reviewed by Sheila Welch | Published on Jul 29, 2022 | Updated on Nov 22, 2024

    Business Tax Deductions and Credits
    Federal Income Taxes
    irs direct pay instructions

    How to pay your taxes with IRS Direct Pay [Step-by-step guide]

    Reviewed by Sean DiMercurio CPA CGMA | Published on Jul 28, 2022 | Updated on Nov 25, 2024

    Paying Your Income Taxes
    Federal Income Taxes
    how to calculate cost of goods sold

    What is cost of goods sold (COGS) and how do I calculate it?

    Reviewed by Sheila Welch | Published on Jul 26, 2022 | Updated on Nov 22, 2024

    Bookkeeping and Accounting Basics
    Business Tax Deductions and Credits
    Federal Income Taxes
    how to file form dr-1

    What is Form DR-1 and how do I file it?

    Reviewed by Sheila Welch | Published on Jul 21, 2022 | Updated on Nov 22, 2024

    Sales Tax
    things to tell your cpa before tax season

    7 things to tell your CPA about before tax season

    Reviewed by Sean DiMercurio CPA CGMA | Published on Jul 19, 2022 | Updated on Nov 22, 2024

    Business Tax Deductions and Credits
    Individual Deductions and Credits
    Federal Income Taxes
    best retirement plans for small businesses with employees

    Which retirement plan is best for my small business?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Jul 14, 2022 | Updated on Nov 25, 2024

    Employees, Contractors, Benefits and Payroll

    Standard mileage vs. actual expenses: Which deduction should I take?

    Reviewed by John Kirkland | Published on Jul 12, 2022 | Updated on Nov 22, 2024

    Business Tax Deductions and Credits
    Federal Income Taxes
    how to close florida payroll tax account

    How to close your Florida payroll tax account

    Reviewed by Sheila Welch | Published on Jul 08, 2022 | Updated on Nov 25, 2024

    Business Formation and Registration
    reasons to get an irs account

    Why should I create an IRS account?

    Reviewed by John Kirkland | Published on Jun 30, 2022 | Updated on Nov 25, 2024

    Federal Income Taxes
    irs mileage rate increase

    IRS announces higher mileage deduction rate for 2022

    Reviewed by Sean DiMercurio CPA CGMA | Published on Jun 24, 2022 | Updated on Jul 7, 2022

    Tax News
    how to read financial reports

    How to read your financial reports correctly

    Reviewed by Sheila Welch | Published on Jun 22, 2022 | Updated on Nov 22, 2024

    Bookkeeping and Accounting Basics
    Financial Statements
    how to hire employees small business

    7 things to do before hiring your first employee

    Reviewed by Sheila Welch | Published on Jun 17, 2022 | Updated on Nov 25, 2024

    Employees, Contractors, Benefits and Payroll
    do i need to register my business in other states

    Which states does my business need to register in?

    Reviewed by Sheila Welch | Published on Jun 11, 2022 | Updated on Nov 25, 2024

    Business Formation and Registration
    should i use legalzoom to register my business

    Should I register my LLC online or through a professional service?

    Reviewed by Sheila Welch | Published on Jun 11, 2022 | Updated on Nov 25, 2024

    Business Formation and Registration
    how to close a business in florida

    How do I close my Florida LLC? [Checklist]

    Reviewed by Sheila Welch | Published on Jun 10, 2022 | Updated on Nov 25, 2024

    Business Formation and Registration
    legalzoom vs zenbusiness llc

    LegalZoom vs. ZenBusiness: Which one should I use to start my LLC?

    Reviewed by Sheila Welch | Published on Jun 02, 2022 | Updated on Nov 25, 2024

    Business Formation and Registration
    what happens if i dont file my business tax return

    What happens if I don’t file my business tax return?

    Reviewed by Sean DiMercurio CPA CGMA | Published on May 27, 2022 | Updated on Nov 25, 2024

    Federal Income Taxes
    what if i cant afford to pay my taxes

    What can I do if I can’t afford my income taxes?

    Reviewed by Sean DiMercurio CPA CGMA | Published on May 24, 2022 | Updated on Nov 25, 2024

    State Income Taxes
    Federal Income Taxes
    reporting s corp fringe benefits on w2

    How do I report benefits on my W-2 as an S corp owner?

    Reviewed by Sean DiMercurio CPA CGMA | Published on May 19, 2022 | Updated on Nov 25, 2024

    Employees, Contractors, Benefits and Payroll
    how to get books ready for tax season

    10 things to check your books for before tax season [Checklist]

    Reviewed by Sheila Welch | Published on May 13, 2022 | Updated on Nov 29, 2024

    Bookkeeping and Accounting Basics
    Business Tax Deductions and Credits
    separating personal and business finances

    How do I separate my business and personal finances?

    Reviewed by John Kirkland | Published on May 06, 2022 | Updated on Nov 22, 2024

    Bookkeeping and Accounting Basics