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DiMercurio Advisors - The Learning Center

    Recent Articles

    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

    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

    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

    Individual Taxes
    Tax Tips
    standard mileage vs actual expenses

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

    Reviewed by Karina Cabot | Published on Jul 12, 2022

    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

    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

    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 May 24, 2022

    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

    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 Aug 9, 2022

    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 Jul 18, 2022

    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 payroll and accounting software for small businesses in 2022

    Reviewed by Sheila Malavet | Published on Mar 23, 2022 | Updated on Aug 9, 2022

    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 3, 2022

    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 May 25, 2022

    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 Mar 3, 2022

    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 Mar 3, 2022

    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 Jul 22, 2022

    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

    Written by Kristen Grau on Jan 20, 2022 | Updated on Mar 21, 2022

    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

    Written by Kristen Grau on Jan 11, 2022 | Updated on Jun 22, 2022

    Tax News
    Tax Tips

    How do tax extensions work?

    Reviewed by John Kirkland | Published on Jan 10, 2022 | Updated on Jul 5, 2022

    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 Aug 4, 2022

    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 Apr 21, 2022

    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 Mar 30, 2022

    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 Mar 3, 2022

    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 Mar 25, 2022

    Tax Tips
    should i hire a cpa

    Should I hire a CPA?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Dec 10, 2021 | Updated on May 31, 2022

    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
    tax deadlines

    Important tax due dates for 2022

    Reviewed by Sean DiMercurio CPA CGMA | Published on Nov 29, 2021 | Updated on Mar 7, 2022

    Filing Taxes
    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 Mar 3, 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 Mar 3, 2022

    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?

    Written by Kristen Grau on Oct 15, 2021 | Updated on Aug 9, 2022

    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 Mar 3, 2022

    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?

    Written by Kristen Grau on Jul 20, 2021 | Updated on Aug 9, 2022

    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 Mar 17, 2022

    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
    Accounting & Tax Specialists

    The Heroes Group is now DiMercurio Advisors

    Reviewed by Jeremy Sutton | Published on Dec 03, 2020 | Updated on Apr 1, 2022

    DiMercurio Advisors Updates
    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

    How can I file for unemployment in the United States?

    Reviewed by Sean DiMercurio CPA CGMA | Published on Apr 02, 2020 | Updated on Aug 3, 2021

    Individual Taxes
    Coronavirus
    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
    Tax News
    Tax Tips
    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
    Tax Tips
    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
    Bookkeeping
    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
    Tax Tips
    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 Aug 4, 2022

    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 Mar 25, 2022

    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
    Accounting Tips