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!

5 min read

What you need to know about the 2021 Child Tax Credit

Published on Jul 20, 2021 by Kristen Grau | Last updated on Jul 26, 2021

Millions of parents will find up to $300 per child in their pockets every month starting in July.

Tax - Individual Recent Tax News
3 min read

Quarterly Estimated Taxes

Published on May 17, 2021 by Sean DiMercurio CPA CGMA | Last updated on Jul 21, 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.

 

Tax - Individual Tax - Business
2 min read

S Corporations: Reasonable Compensation Explained

Published on Feb 03, 2021 by John Kirkland | Last updated on Jul 21, 2021

An S corporation is a pass-through entity that is treated very much like a partnership for federal income tax purposes. As a result, all income is passed through to the shareholders and taxed at their individual tax rates.

Tax - Individual Tax - Business
3 min read

3 Common Personal Income Tax Problems & How to Respond

Published on Feb 02, 2021 by John Kirkland | Last updated on Jul 21, 2021

Tax problems aren't just a worry that hang over people's heads from January through April every year. Many of them go far beyond the numbers that you report, and they can require additional evidence that your bank statements and paychecks can't provide. Additionally, the IRS isn't the only source of those problems: state tax authorities are hungry for revenue, and if you divide your time among different states, you may find it difficult to establish nexus and may even have to file taxes in multiple states.

Tax - Individual
4 min read

Important Tax Due Dates

Published on Jan 07, 2021 by Sean DiMercurio CPA CGMA | Last updated on Jul 21, 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!

Accounting Tax - Individual Tax - Business
2 min read

The Heroes Group is now DiMercurio Advisors

Published on Dec 03, 2020 by Jeremy Sutton | Last updated on Jul 28, 2021

Our name has changed but our innovative accounting and tax services haven't.

DiMercurio Advisors Updates
4 min read

Your Guide to Using 529 College Savings Plans

Published on Jul 15, 2020 by John Kirkland | Last updated on Jul 21, 2021

When it comes to saving for your child’s future college expenses, 529 college savings plans are one of the most popular options — and for good reason. These plans allow you to tuck away money for future tuition expenses without taking a hit from taxes. 

Tax - Individual
4 min read

Congress Liberalizes PPP Loan Forgiveness

Published on Jun 12, 2020 by Sean DiMercurio CPA CGMA | Last updated on Jul 21, 2021

If you are the owner of a small business that was able to obtain a Paycheck Projection Program (PPP) Loan, you have probably already started worrying about how you are supposed to spend the loan proceeds to maximize loan forgiveness.

Accounting Tax - Business Coronavirus
2 min read

Establishing an advisory structure for your small business

Published on May 19, 2020 by Sean DiMercurio CPA CGMA | Last updated on Jun 3, 2021

When you’re planning for success, it’s important to keep your eye on the big picture. This means developing your business in ways that will help growth and could mean appointing advisors to help you.

Running Your Business