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DiMercurio Advisors - The Learning Center

    Recent Articles

    How do I sign up for a FinCEN ID?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Jan 28, 2024 | Updated on Jan 29, 2024

    Business Formation
    Corporate Transparency Act

    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 Jan 29, 2024

    Business Formation
    Corporate Transparency Act

    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 Oct 13, 2023

    Tax News
    Filing Taxes

    How does a hurricane impact my taxes?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Aug 31, 2023 | Updated on Oct 13, 2023

    Tax News
    Filing Taxes
    cta-explainer

    All about the Corporate Transparency Act

    Reviewed by Sean DiMercurio CPA CGMA | Published on Aug 17, 2023 | Updated on Jan 30, 2024

    Business Formation
    Corporate Transparency Act
    offering-employee-benefits

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

    Reviewed by Sheila Malavet | Published on Aug 05, 2023 | Updated on Dec 31, 2023

    Filing Taxes
    early-tax-mailing

    How early can I file my taxes?

    Reviewed by John Kirkland | Published on Jul 28, 2023

    Individual Taxes
    Filing Taxes
    Tax Tips
    employee-retention-tax-credit

    The Employee Retention Credit explained

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

    Coronavirus
    Filing Taxes
    Tax Tips
    Payroll
    business-debt

    How to deal with debt in your small business

    Reviewed by Sheila Malavet | Published on Jul 17, 2023

    Accounting
    Business Formation
    Advisory
    tax-document-storage

    How long should I keep my tax documents?

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

    Filing Taxes
    Tax Tips
    freelance-contract-work

    Does an independent contractor need an LLC?

    Reviewed by John Kirkland | Published on Jul 11, 2023

    Business Formation
    Advisory
    tax-penalty

    What if I miss an individual tax deadline?

    Reviewed by Nate Richards EA | Published on Jun 29, 2023

    Individual Taxes
    Filing 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 Oct 15, 2023

    Filing Taxes
    Tax Tips
    Accounting Tips
    Advisory
    Tax Notice Library
    late-tax-filing

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

    Reviewed by John Kirkland | Published on Jun 09, 2023

    Filing Taxes
    Tax Tips
    using-basis-in-taxes

    What is basis?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Jun 06, 2023

    Tax Tips
    final-tax-return

    Do the deceased ever have to pay taxes?

    Reviewed by Nate Richards EA | Published on May 27, 2023

    Individual Taxes
    Filing Taxes
    married-couple-doing-taxes

    Should we file jointly or separately?

    Reviewed by John Kirkland | Published on May 24, 2023

    Individual Taxes
    Filing Taxes
    payroll-provider

    Why use a payroll provider?

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

    Accounting
    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 Dec 31, 2023

    Filing Taxes
    Bookkeeping
    financial-advisor-or-CPA

    Should I hire a CPA or a financial advisor?

    Reviewed by Sean DiMercurio CPA CGMA | Published on May 09, 2023

    Business Formation
    Advisory
    filing-paper-return

    How to send certified mail with return receipt

    Reviewed by Sheila Malavet | Published on May 04, 2023 | Updated on Oct 18, 2023

    Filing Taxes
    Tax Tips
    crypto-taxes

    How is my cryptocurrency taxed?

    Reviewed by John Kirkland | Published on Apr 27, 2023 | Updated on Sep 16, 2023

    Individual Taxes
    Filing Taxes
    fractional-CFO-services

    Should I hire an outsourced CFO service?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Apr 21, 2023

    Accounting
    Business Formation
    Advisory
    financial-statement-details

    How detailed should my financial statements be?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Apr 20, 2023

    Accounting
    Bookkeeping
    keeping-the-books

    Bookkeeping or accounting: which do I need?

    Reviewed by Rashaad Mohamed | Published on Apr 13, 2023

    Accounting
    Bookkeeping
    state-business-taxes

    How do state taxes work?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Apr 10, 2023 | Updated on Oct 10, 2023

    Filing Taxes
    Tax Tips
    gift-giving-getting-taxed

    Guide to gift taxes

    Reviewed by Sean DiMercurio CPA CGMA | Published on Apr 06, 2023 | Updated on Jan 20, 2024

    Individual Taxes
    Filing Taxes
    junior-taxpayer

    Does my child need to file taxes?

    Reviewed by Nate Richards EA | Published on Mar 30, 2023

    Individual Taxes
    Filing Taxes
    inactive-business-entity

    What if my business had zero activity?

    Reviewed by Sheila Malavet | Published on Mar 29, 2023 | Updated on Apr 5, 2023

    Business Formation
    Filing 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

    Partnership
    Advisory
    deductions-and-credits

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

    Reviewed by Karina Cabot | Published on Mar 23, 2023

    Individual Taxes
    Filing Taxes
    cash-income

    Should I claim cash income on my tax return?

    Reviewed by Daniel McGinley | Published on Mar 16, 2023

    Individual Taxes
    Filing Taxes

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

    Reviewed by Daniel McGinley | Published on Mar 07, 2023 | Updated on Apr 4, 2023

    Filing Taxes
    recession-preparation

    7 ways to prepare your business for a recession

    Reviewed by Sheila Malavet | Published on Feb 23, 2023

    Advisory
    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 Jan 14, 2024

    Filing Taxes
    Tax Tips
    laying-off-employees

    How to handle conducting layoffs in your business

    Reviewed by Janice Godin | Published on Feb 14, 2023

    Business Formation
    Payroll
    Bookkeeping
    revocable-living-trust

    Do I need a trust?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Feb 10, 2023

    Tax Tips
    Advisory
    married-with-business

    How should married couples register a business?

    Reviewed by John Kirkland | Published on Feb 06, 2023

    Business Formation
    Filing Taxes
    apply-for-LLC-reinstatement

    Reinstating an LLC

    Reviewed by Janice Godin | Published on Jan 27, 2023

    Business Formation
    S Corporation
    Partnership
    glossary-of-tax-terms

    Common tax terms explained

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

    Filing Taxes
    Tax Tips
    2023-hurricane-ian

    Hurricane Ian impacts in 2023

    Reviewed by Sheila Malavet | Published on Jan 20, 2023 | Updated on Feb 15, 2023

    Tax News
    Filing Taxes
    business-debt

    What is business debt?

    Reviewed by Janice Godin | Published on Jan 16, 2023

    Accounting
    Business Formation
    most-important-documents

    Important documents everyone should think about

    Reviewed by Sean DiMercurio CPA CGMA | Published on Jan 10, 2023 | Updated on Oct 13, 2023

    Bookkeeping

    How to pay your kids

    Reviewed by Nate Richards EA | Published on Jan 05, 2023 | Updated on Jan 17, 2024

    Tax Tips
    Payroll
    Tax Strategy
    tax deadlines

    Every major tax deadline in 2023

    Reviewed by Sean DiMercurio CPA CGMA | Published on Dec 31, 2022 | Updated on Jan 6, 2024

    Filing Taxes
    tax deadlines

    Every major tax deadline 2024

    Reviewed by Sean DiMercurio CPA CGMA | Published on Dec 29, 2022 | Updated on Jan 6, 2024

    Filing Taxes
    renaming-my-business

    How to change a business name

    Reviewed by Sheila Malavet | Published on Dec 20, 2022

    Business Formation
    disaster-loss

    What is a casualty loss deduction?

    Reviewed by Karina Cabot | Published on Dec 19, 2022

    Individual Taxes
    Filing Taxes
    building-inspection

    What is a cost segregation study?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Dec 15, 2022 | Updated on Oct 24, 2023

    Filing Taxes
    Bookkeeping
    schedule-k-1

    What is a Schedule K-1?

    Reviewed by Daniel McGinley | Published on Dec 07, 2022 | Updated on Feb 4, 2024

    S Corporation
    Partnership
    Filing Taxes
    tax-day

    When should I pay my tax bill?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Dec 02, 2022

    S Corporation
    Partnership
    Filing Taxes
    bookkeeper-account-access

    Does my bookkeeper really need access to my accounts?

    Reviewed by Sheila Malavet | Published on Nov 14, 2022

    Accounting
    Bookkeeping
    best-tax-tips

    5 best tax tips for year end

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

    Filing Taxes
    Tax Tips
    business-structure-planning

    Legal structure vs tax structure

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

    Business Formation
    Tax Tips
    giving-to-charity

    How do charitable donations work on my tax return?

    Reviewed by John Kirkland | Published on Nov 03, 2022 | Updated on Nov 3, 2022

    Individual Taxes
    Filing Taxes
    filing-form-4852

    What is Form 4852?

    Reviewed by Nate Richards EA | Published on Nov 02, 2022 | Updated on Nov 7, 2022

    Individual Taxes
    Filing Taxes
    business-returns-filed-separately

    Do I file business taxes separately from personal taxes?

    Reviewed by Karina Cabot | Published on Oct 28, 2022 | Updated on Sep 21, 2023

    Business Formation
    Filing Taxes
    irs-forms-explained

    Common IRS forms explained

    Reviewed by John Kirkland | Published on Oct 24, 2022 | Updated on Oct 15, 2023

    Filing Taxes
    Tax Tips
    Tax Form Library
    sole-prop-hiring-employees

    Can a sole proprietor hire employees?

    Reviewed by Sheila Malavet | Published on Oct 14, 2022

    Business Formation
    Tax Tips
    Payroll
    flat-rate-or-hourly-business-service

    Flat rate vs hourly: What's the difference?

    Reviewed by Sheila Malavet | Published on Oct 14, 2022

    Accounting
    Bookkeeping
    hurricane-impacts

    SBA disaster loans for Hurricane Ian

    Reviewed by Sean DiMercurio CPA CGMA | Published on Oct 13, 2022

    Tax News
    best-tax-deal

    Should I take itemized or standard deductions?

    Reviewed by John Kirkland | Published on Oct 05, 2022 | Updated on Dec 30, 2023

    Individual Taxes
    Filing Taxes
    hurricane-impacts-taxes

    Does Hurricane Ian affect my taxes?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Oct 03, 2022 | Updated on Oct 4, 2022

    Tax News
    Filing Taxes
    getting-independent-work-done

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

    Reviewed by Sheila Malavet | Published on Sep 23, 2022 | Updated on Oct 3, 2022

    Individual Taxes
    Business Formation
    Tax Tips
    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 Sep 23, 2022

    Accounting
    Bookkeeping
    comparing-financial-statements

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

    Reviewed by Janice Godin | Published on Sep 16, 2022 | Updated on Feb 5, 2024

    Accounting
    Bookkeeping
    how-do-AJEs-work

    What is an adjusting journal entry?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Sep 15, 2022 | Updated on Sep 20, 2022

    Filing Taxes
    Tax Tips
    Bookkeeping

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

    Reviewed by Sean DiMercurio CPA CGMA | Published on Aug 09, 2022

    Business Formation
    S Corporation
    small business chart of accounts

    How to create a small business chart of accounts

    Reviewed by Sheila Malavet | Published on Aug 08, 2022 | Updated on Aug 9, 2022

    Bookkeeping
    Accounting Tips
    business payment apps best practices

    5 best practices for using small business payment apps

    Reviewed by Sheila Malavet | Published on Jul 29, 2022

    Bookkeeping
    Accounting Tips
    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 Sep 21, 2022

    Tax Tips
    how to calculate cost of goods sold

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

    Reviewed by Sheila Malavet | Published on Jul 26, 2022

    Accounting
    Accounting Tips
    how to file form dr-1

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

    Reviewed by Sheila Malavet | Published on Jul 21, 2022 | Updated on Sep 30, 2023

    Payroll
    Accounting Tips
    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 Jul 19, 2022

    Individual 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 Jan 1, 2024

    Individual Taxes
    Tax Tips

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

    Reviewed by Karina Cabot | Published on Jul 12, 2022 | Updated on Dec 25, 2023

    Tax Tips
    how to close florida payroll tax account

    How to close your Florida payroll tax account

    Reviewed by Sheila Malavet | Published on Jul 08, 2022

    Payroll
    Bookkeeping
    reasons to get an irs account

    Why should I create an IRS account?

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

    Individual Taxes
    Tax Tips
    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 Malavet | Published on Jun 22, 2022

    Accounting
    Bookkeeping
    Accounting Tips
    how to hire employees small business

    7 things to do before hiring your first employee

    Reviewed by Sheila Malavet | Published on Jun 17, 2022

    Payroll
    do i need to register my business in other states

    Which states does my business need to register in?

    Reviewed by Sheila Malavet | Published on Jun 11, 2022 | Updated on Jun 13, 2022

    Business Formation
    Accounting Tips
    should i use legalzoom to register my business

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

    Reviewed by Sheila Malavet | Published on Jun 11, 2022

    Business Formation
    how to close a business in florida

    How do I close my Florida LLC? [Checklist]

    Reviewed by Sheila Malavet | Published on Jun 10, 2022 | Updated on Oct 14, 2022

    Business Formation
    legalzoom vs zenbusiness llc

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

    Reviewed by Sheila Malavet | Published on Jun 02, 2022 | Updated on Aug 5, 2022

    Business Formation
    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 Dec 31, 2023

    S Corporation
    Partnership
    Filing 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 Oct 15, 2023

    Individual 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

    S Corporation
    Payroll
    how to get books ready for tax season

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

    Reviewed by Sheila Malavet | Published on May 13, 2022 | Updated on Jan 22, 2024

    Bookkeeping
    Accounting Tips
    separating personal and business finances

    How do I separate my business and personal finances?

    Reviewed by Karina Cabot | Published on May 06, 2022 | Updated on Aug 4, 2022

    Tax Tips
    Bookkeeping
    Accounting Tips
    taxjar vs avalara sales tax

    TaxJar vs. Avalara: Which sales tax software is right for me?

    Reviewed by Sheila Malavet | Published on Apr 19, 2022

    Accounting
    Accounting Tips
    mistakes to avoid when starting a small business

    6 mistakes to avoid when starting a small business

    Reviewed by Sean DiMercurio CPA CGMA | Published on Apr 07, 2022 | Updated on Dec 25, 2023

    Business Formation
    does my business need to pay sales or use tax florida

    Do I need to collect sales tax or use tax in Florida?

    Reviewed by Sheila Malavet | Published on Apr 01, 2022 | Updated on Oct 25, 2023

    Accounting
    Tax Tips
    what happens during an irs audit

    What happens if I get audited by the IRS?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Mar 25, 2022 | Updated on Apr 5, 2022

    Individual Taxes
    Tax Tips
    best payroll and accounting software

    Best small business payroll and accounting software

    Reviewed by Sheila Malavet | Published on Mar 23, 2022 | Updated on Nov 2, 2023

    Accounting
    Payroll
    Accounting Tips
    switching from sole prop to llc

    Should I register my business as an LLC?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Mar 17, 2022 | Updated on Jul 5, 2022

    Business Formation
    Tax Tips
    how do i pay sales tax in florida small business owner

    How do I pay sales tax in Florida?

    Reviewed by Sheila Malavet | Published on Mar 15, 2022 | Updated on Aug 4, 2022

    Bookkeeping
    Accounting Tips
    what-does-a-bookkeeper-cost

    How much does a bookkeeper cost?

    Reviewed by Sheila Malavet | Published on Feb 22, 2022 | Updated on Mar 29, 2023

    Accounting
    Bookkeeping
    florida dr-405

    What is the Florida tangible personal property tax return?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Feb 18, 2022 | Updated on Jan 15, 2024

    Filing Taxes
    Tax Tips
    how to pay myself from my llc

    How do I pay myself from my LLC?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Feb 11, 2022 | Updated on Dec 30, 2023

    Accounting
    Payroll
    cost of starting an llc in florida

    How much does it cost to start an LLC in Florida?

    Reviewed by Sheila Malavet | Published on Feb 08, 2022 | Updated on Sep 22, 2023

    Business Formation
    common bookkeeping mistakes small business

    7 common bookkeeping mistakes to avoid

    Reviewed by Sheila Malavet | Published on Feb 02, 2022 | Updated on Aug 4, 2022

    Accounting
    Bookkeeping
    Accounting Tips
    how much does a cpa charge for business taxes

    How much does a CPA cost for small business owners?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Jan 26, 2022 | Updated on Sep 21, 2023

    Individual Taxes
    S Corporation
    Partnership
    how the child tax credit will affect you in 2022

    How the Child Tax Credit will affect you in 2022

    Reviewed by John Kirkland | Published on Jan 20, 2022 | Updated on Sep 16, 2023

    Individual Taxes
    Tax News
    should i do my own bookkeeping

    Should I do my own bookkeeping?

    Reviewed by Erica Ortiz | Published on Jan 18, 2022 | Updated on Jun 14, 2022

    Accounting
    Bookkeeping
    how to fix a mistake on your tax return

    6 common tax return mistakes and how to fix them

    Reviewed by Sean DiMercurio CPA CGMA | Published on Jan 13, 2022 | Updated on Mar 3, 2022

    Filing Taxes
    Tax Tips
    pros and cons of hiring a bookkeeper

    Pros and cons of hiring a bookkeeper for your small business

    Reviewed by Erica Ortiz | Published on Jan 11, 2022 | Updated on Aug 9, 2022

    Accounting
    Bookkeeping
    Accounting Tips
    venmo paypal zelle irs 2022

    New requirements for reporting income received through payment apps to take effect in 2022

    Reviewed by Sean DiMercurio CPA CGMA | Published on Jan 11, 2022 | Updated on Sep 16, 2023

    Tax News
    Tax Tips
    tax-extension

    How do tax extensions work?

    Reviewed by John Kirkland | Published on Jan 10, 2022 | Updated on Dec 31, 2023

    Individual Taxes
    Filing Taxes
    how do i pay my taxes

    How do I pay my taxes?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Jan 06, 2022 | Updated on Dec 31, 2023

    Filing Taxes
    Tax Tips
    registered agent service pros and cons

    What is a registered agent and do I need to hire one?

    Reviewed by Sheila Malavet | Published on Jan 04, 2022 | Updated on Sep 22, 2023

    Accounting
    Business Formation
    should i issue a w2 or a 1099

    Should I issue a W-2 or a 1099?

    Reviewed by Sheila Malavet | Published on Dec 30, 2021 | Updated on Jan 22, 2024

    Tax Tips
    Payroll
    Accounting Tips
    what can i deduct small business owners

    What can I deduct from my taxes?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Dec 28, 2021 | Updated on Mar 3, 2022

    Tax Tips
    how to save on taxes small business owners

    How can I pay less in taxes as a small business owner?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Dec 23, 2021 | Updated on Mar 3, 2022

    S Corporation
    Partnership
    Tax Tips
    how to create an ein

    How do I create an EIN?

    Reviewed by Erica Ortiz | Published on Dec 21, 2021 | Updated on Aug 9, 2022

    Business Formation
    how-should-my-llc-be-taxed

    Disregarded entity vs. partnership vs. S corp: How should my LLC be taxed?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Dec 16, 2021 | Updated on Dec 30, 2023

    Business Formation
    S Corporation
    Partnership
    Tax Tips
    what to do if you get a tax notice

    What should I do if I get an IRS notice?

    Reviewed by John Kirkland | Published on Dec 14, 2021 | Updated on Aug 17, 2023

    Tax Tips
    Tax Notice Library
    should i hire a cpa

    Should I hire a CPA?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Dec 10, 2021 | Updated on Jan 22, 2024

    Individual Taxes
    Tax Tips
    starting a small business in florida

    How do I start a business in Florida? [For first-time business owners]

    Reviewed by Sean DiMercurio CPA CGMA | Published on Dec 09, 2021 | Updated on Aug 9, 2022

    Business Formation
    Tax Tips
    Accounting Tips
    small business bank account

    How do I choose a small business bank account?

    Reviewed by Sheila Malavet | Published on Dec 02, 2021 | Updated on Aug 9, 2022

    Accounting
    Accounting Tips
    llc vs s corp

    Should I register my business as an LLC or an S corporation?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Nov 12, 2021 | Updated on Oct 18, 2022

    Business Formation
    S Corporation
    Tax Tips
    should i use turbotax or hire a cpa

    Should I use TurboTax or a CPA?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Nov 09, 2021 | Updated on Dec 30, 2023

    Individual Taxes
    Filing Taxes
    Tax Tips
    can I run payroll myself

    Can I run my business' payroll myself?

    Reviewed by Sheila Malavet | Published on Nov 04, 2021 | Updated on Aug 9, 2022

    Accounting
    Payroll
    Accounting Tips
    restaurant meals 100 deductible

    Which business meals are fully deductible?

    Reviewed by John Kirkland | Published on Oct 15, 2021 | Updated on Sep 16, 2023

    Tax News
    Tax Tips
    congress tax bill 2021

    How would Congress’ new tax bill affect me?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Sep 20, 2021 | Updated on Aug 9, 2022

    Individual Taxes
    Tax News
    when to issue 1099s

    When should I issue 1099s?

    Reviewed by John Kirkland | Published on Sep 01, 2021 | Updated on Jan 6, 2024

    Accounting
    Filing Taxes
    Tax Tips
    The Child Tax Credit changed in 2021 as a response the the Coronavirus pandemic.

    What do I need to know about the 2021 Child Tax Credit?

    Reviewed by John Kirkland | Published on Jul 20, 2021 | Updated on Sep 16, 2023

    Individual Taxes
    Tax News
    do i need to pay estimated taxes

    Should I pay estimated taxes?

    Reviewed by Sean DiMercurio CPA CGMA | Published on May 17, 2021 | Updated on Dec 31, 2023

    Filing Taxes
    Tax Tips
    reasonable compensation s corps

    What is reasonable compensation for S corporation owners?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Feb 03, 2021 | Updated on Mar 3, 2022

    S Corporation
    Tax Tips
    Payroll
    paycheck protection program

    6 changes to the PPP you need to know

    Reviewed by Sean DiMercurio CPA CGMA | Published on Jun 12, 2020 | Updated on Sep 21, 2021

    Coronavirus
    Tax News
    Tax Tips
    cash flow

    Do I have to forecast my business’ cash flow?

    Reviewed by Sheila Malavet | Published on Apr 21, 2020 | Updated on Apr 1, 2022

    Accounting
    work from home covid

    Will working from home during COVID-19 save me in taxes?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Apr 09, 2020 | Updated on Aug 30, 2021

    Individual Taxes
    Coronavirus
    Tax Tips
    covid unemployment

    Can I qualify for unemployment as an independent contractor?

    Reviewed by John Kirkland | Published on Apr 07, 2020 | Updated on Mar 3, 2022

    Individual Taxes
    Coronavirus
    Tax News
    credit control

    How can I reduce my business debt?

    Reviewed by Sheila Malavet | Published on Apr 07, 2020 | Updated on Aug 30, 2021

    Accounting
    ppp loan

    Can my business get a loan because of COVID-19?

    Reviewed by John Kirkland | Published on Apr 03, 2020 | Updated on Mar 3, 2022

    Coronavirus
    Tax News
    cares act retirement

    CARES Act makes it easier to withdraw from retirement accounts

    Reviewed by Sean DiMercurio CPA CGMA | Published on Apr 03, 2020 | Updated on Sep 8, 2021

    Individual Taxes
    Coronavirus
    Tax News
    employee retention credit

    Do I qualify for the Employee Retention Credit?

    Reviewed by John Kirkland | Published on Apr 01, 2020 | Updated on Mar 3, 2022

    Coronavirus
    Tax News
    stimulus package

    How does the CARES Act impact me?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Mar 27, 2020 | Updated on Sep 8, 2021

    Individual Taxes
    Coronavirus
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    sba disaster loans

    How do SBA disaster loans affect me? [FAQs]

    Reviewed by Sean DiMercurio CPA CGMA | Published on Mar 27, 2020 | Updated on Sep 9, 2021

    Coronavirus
    Tax News
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    paid sick leave covid

    Do I qualify for paid sick or family care leave during COVID-19?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Mar 26, 2020 | Updated on Sep 9, 2021

    Coronavirus
    Tax News
    tax deadline extended covid

    Tax deadline extended due to COVID-19

    Reviewed by Sean DiMercurio CPA CGMA | Published on Mar 25, 2020 | Updated on Apr 14, 2022

    Individual Taxes
    Coronavirus
    coronavirus and taxes faq

    Coronavirus and Taxes: Frequently Asked Questions [FAQ]

    Reviewed by Sean DiMercurio CPA CGMA | Published on Mar 24, 2020 | Updated on Sep 8, 2021

    Coronavirus
    families first coronavirus response act

    How does the Families First Coronavirus Response Act affect my employees?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Mar 24, 2020 | Updated on Sep 8, 2021

    Coronavirus
    Tax News
    what to do before selling your business

    What should I do before I sell my small business?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Mar 24, 2020 | Updated on Sep 9, 2021

    Accounting
    funding your business equity or debt

    Should I fund my business with equity or debt?

    Reviewed by Sheila Malavet | Published on Jan 28, 2020 | Updated on Sep 9, 2021

    Accounting
    Business Formation
    profit and loss statement

    What is a profit and loss statement?

    Reviewed by Sheila Malavet | Published on Jan 21, 2020 | Updated on Mar 3, 2022

    Accounting
    Bookkeeping
    Accounting Tips
    understanding your balance sheet

    What is a balance sheet? [+ example]

    Reviewed by Sheila Malavet | Published on Jan 14, 2020 | Updated on Mar 3, 2022

    Accounting
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    Accounting Tips
    mailed tax return

    Should I file my taxes by mail?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Jan 09, 2020 | Updated on Apr 12, 2022

    Filing Taxes
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    cash flow statement

    What is a cash flow statement?

    Reviewed by Sheila Malavet | Published on Jan 07, 2020 | Updated on Mar 3, 2022

    Accounting
    Bookkeeping
    Accounting Tips
    do i have to file a tax return

    When do I have to file a tax return?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Jan 06, 2020 | Updated on Dec 31, 2023

    Individual Taxes
    Filing Taxes
    Tax Tips
    how will getting divorced affect my taxes

    How will getting divorced, separated, married or widowed affect my taxes?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Jan 05, 2020 | Updated on Mar 3, 2022

    Individual Taxes
    Tax Tips
    florida annual report

    What is the Florida Annual Report?

    Reviewed by Sheila Malavet | Published on Jan 01, 2020 | Updated on Jan 22, 2024

    Accounting
    Business Formation
    Accounting Tips
    pay periods

    How often should I pay my employees?

    Reviewed by Sheila Malavet | Published on May 15, 2019 | Updated on Mar 3, 2022

    Accounting
    Payroll
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    What is a CP11 Notice?

    Reviewed by Nate Richards EA | Published on Jan 01, 2018 | Updated on Oct 6, 2023

    Tax Notice Library

    What is a CP12 Notice?

    Reviewed by Nate Richards EA | Published on Jan 01, 2018 | Updated on Oct 6, 2023

    Tax Notice Library

    What is a CP128 Notice?

    Reviewed by Nate Richards EA | Published on Jan 01, 2018 | Updated on Oct 6, 2023

    Tax Notice Library

    What is a CP148A Notice?

    Reviewed by Nate Richards EA | Published on Jan 01, 2018 | Updated on Oct 6, 2023

    Tax Notice Library

    What is a CP148B Notice?

    Reviewed by Nate Richards EA | Published on Jan 01, 2018 | Updated on Oct 6, 2023

    Tax Notice Library

    What is a CP162 Notice?

    Reviewed by Nate Richards EA | Published on Jan 01, 2018 | Updated on Oct 6, 2023

    Tax Notice Library

    What is a CP169 Notice?

    Reviewed by Nate Richards EA | Published on Jan 01, 2018 | Updated on Oct 6, 2023

    Tax Notice Library

    What is a CP171 Notice?

    Reviewed by Nate Richards EA | Published on Jan 01, 2018 | Updated on Oct 6, 2023

    Tax Notice Library

    What is a CP216F Notice?

    Reviewed by Nate Richards EA | Published on Jan 01, 2018 | Updated on Oct 6, 2023

    Tax Notice Library

    What is a CP21B Notice?

    Reviewed by Nate Richards EA | Published on Jan 01, 2018 | Updated on Oct 7, 2023

    Tax Notice Library

    What is a CP22A Notice?

    Reviewed by Nate Richards EA | Published on Jan 01, 2018 | Updated on Oct 7, 2023

    Tax Notice Library

    What is a CP23 Notice?

    Reviewed by Nate Richards EA | Published on Jan 01, 2018 | Updated on Oct 7, 2023

    Tax Notice Library

    What is a CP24 Notice?

    Reviewed by Nate Richards EA | Published on Jan 01, 2018 | Updated on Oct 7, 2023

    Tax Notice Library

    What is IRS Form W-2?

    Reviewed by John Kirkland | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Form Library

    What is IRS Form 1098?

    Reviewed by John Kirkland | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Form Library

    What is a CP261 Notice?

    Reviewed by Nate Richards EA | Published on Jan 01, 2018 | Updated on Oct 7, 2023

    Tax Notice Library

    What is IRS Form 1040-ES?

    Reviewed by John Kirkland | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Form Library

    What is IRS Form 4868?

    Reviewed by John Kirkland | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Form Library

    What is a CP267 Notice?

    Reviewed by Nate Richards EA | Published on Jan 01, 2018 | Updated on Oct 7, 2023

    Tax Notice Library

    What is IRS Form 1040 Schedule E?

    Reviewed by John Kirkland | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Form Library

    What is IRS Form 1040 Schedule D?

    Reviewed by John Kirkland | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Form Library

    What is IRS Form 1040 Schedule C?

    Reviewed by John Kirkland | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Form Library

    What is IRS Form 1040 Schedule B?

    Reviewed by John Kirkland | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Form Library

    What is IRS Form 1040 Schedule A?

    Reviewed by John Kirkland | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Form Library

    What is IRS Form 1040 Schedule 3?

    Reviewed by John Kirkland | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Form Library

    What is a CP30 Notice?

    Reviewed by Nate Richards EA | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Notice Library

    What is IRS Form 1040 Schedule 2?

    Reviewed by John Kirkland | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Form Library

    What is IRS Form 1040 Schedule 1?

    Reviewed by John Kirkland | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Form Library

    What is IRS Form 2210?

    Reviewed by John Kirkland | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Form Library

    What is IRS Form 1040-X?

    Reviewed by John Kirkland | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Form Library

    What is a CP298 Notice?

    Reviewed by Nate Richards EA | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Notice Library

    What is IRS Form 1120 Schedule M-3?

    Reviewed by John Kirkland | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Form Library

    What is a CP297 Notice?

    Reviewed by Nate Richards EA | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Notice Library

    What is IRS Form 1040?

    Reviewed by John Kirkland | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Form Library

    What is IRS Form 1098-E?

    Reviewed by John Kirkland | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Form Library

    What is IRS Form SS-4?

    Reviewed by John Kirkland | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Form Library

    What is IRS Form 1099-R?

    Reviewed by John Kirkland | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Form Library

    What is IRS Form 1098-T?

    Reviewed by John Kirkland | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Form Library

    What is FL Form DR-15?

    Reviewed by John Kirkland | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Form Library

    What is IRS Form 1041 Schedule K-1?

    Reviewed by John Kirkland | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Form Library

    What is IRS Form 1120 Schedule G?

    Reviewed by John Kirkland | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Form Library

    What is IRS Form 1120X?

    Reviewed by John Kirkland | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Form Library

    What is IRS Form 2553?

    Reviewed by John Kirkland | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Form Library

    What is IRS Form 1120S Schedule M-3?

    Reviewed by John Kirkland | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Form Library

    What is IRS Form 1120S Schedule K-1?

    Reviewed by John Kirkland | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Form Library

    What is IRS Form 1120S Schedule B-1?

    Reviewed by John Kirkland | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Form Library

    What is IRS Form 1065 Schedule M-3?

    Reviewed by John Kirkland | Published on Jan 01, 2018 | Updated on Oct 15, 2023

    Tax Form Library