Timely Financials-1

Welcome to


The Learning Center

One of our core values is empowerment through education - it means a lot to us.

The Learning Center was made as a resource for business owners and inquisitive individuals who want to learn more about the current world of taxes and accounting.  If that sounds like you, you're in the right place.

Reach out if you have any questions.  Thanks!

3 min read

Quarterly Estimated Taxes

By Sean DiMercurio CPA CGMA on May 17, 2021

Taxes are no longer something you can do once a year. If you want to ensure you have mastered your cash flow, then quarterly taxes are something that can help you do this.

Although it might seem like a bit of a chore, there are many upsides. Paying your taxes quarterly allows you to spread the responsibility over the year so you don’t experience any challenges with your cash flow, and you can make sure you don’t have a huge bill to pay in April. Here we’re going to look at how quarterly taxes work and what you should know.

 

Topics: Tax Featured Tax - Individual Tax - Business Tax 101
4 min read

Important Tax Due Dates

By Sean DiMercurio CPA CGMA on Jan 07, 2021

Running a business is downright difficult.  Keeping track of important tax due dates shouldn't be.  Review these deadlines on a monthly or quarterly basis to keep track of what is due and when!

Topics: Tax Accounting Payroll Tax - Individual Tax - Business Tax 101
10 min read

Understanding Tax Lingo

By John Kirkland on Jan 03, 2020

When discussing taxes, reading tax related articles or interpreting instructions, one needs to understand the lingo and acronyms used by tax professionals and authors to be able to grasp what they are saying. It can be difficult to understand tax strategies if you are not familiar with the basic terminologies used in taxation. The following provides you with the basic details associated with the most frequently encountered tax terms.

Topics: Tax Tax - Individual Tax - Business Tax 101
4 min read

How do Extensions Work?

By Sean DiMercurio CPA CGMA on Mar 24, 2019


An extension gives you additional time to prepare and file your tax return.  You might need additional time because you haven't received everything or don't have enough time to gather everything for your tax preparer.  The most important thing to understand is that an extension DOES NOT give you additional time to pay what you owe.

Topics: Tax Tax - Individual Tax - Business Tax 101
4 min read

Can I Write That Off? Income Tax Deductions for Batman

By Sean DiMercurio CPA CGMA on Nov 29, 2018

Can I write that off? Sometimes income tax deductions can get complicated as a self-employed professional or small business owner.  There are many strategies available to maximize tax savings. Since The Heroes Group is a team of Sidekicks supporting Heroes (our clients), we found it appropriate to use on of our favorite Heroes, Batman, to simplify the complexities of income tax deductions. So, can Batman write off….

Topics: Tax Tax 101