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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!

John Kirkland

John Kirkland

John empowers our clients by educating them on tax rules and processes. When not fighting the good fight at DiMercurio Advisors you can find John cheering for the UCF Knights. Charge On.

Recent posts by John Kirkland

6 min read

When should I issue 1099s?

Reviewed by John Kirkland | Written on Sep 01, 2021 | Last updated on Oct 6, 2021

Form 1099 is typically used to report the income of people who aren’t your employees, like contractors and freelancers. But there are more scenarios where you have to issue a 1099.

Tax - Business Running Your Business
1 min read

What is reasonable compensation for S corporation owners?

Reviewed by John Kirkland | Written on Feb 03, 2021 | Last updated on Aug 30, 2021

If your business is taxed as an S corporation, the IRS has special rules for how owners are paid.

Tax - Business Running Your Business
3 min read

How to avoid 3 common personal income tax mistakes

Reviewed by John Kirkland | Written on Feb 02, 2021 | Last updated on Aug 30, 2021

Avoiding these mistakes can save you from surprise tax bills.

Tax - Individual
3 min read

Is a 529 college savings plan right for me?

Reviewed by John Kirkland | Written on Jul 15, 2020 | Last updated on Sep 8, 2021

Saving for your child’s college without taking a hit on your taxes is easy with a 529 college savings plan.

Tax - Individual
2 min read

How can I save money on taxes as an independent contractor?

Reviewed by John Kirkland | Written on May 05, 2020 | Last updated on Aug 24, 2021

How can I save money on taxes as an independent contractor?

Tax - Individual
2 min read

Can I qualify for unemployment as an independent contractor?

Reviewed by John Kirkland | Written on Apr 07, 2020 | Last updated on Sep 21, 2021

The CARES Act made unemployment benefits accessible to those who don’t typically qualify for them, like self-employed workers and independent contractors. However, there are requirements you need to meet.

Tax - Individual Coronavirus Recent Tax News
3 min read

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

Reviewed by John Kirkland | Written on Apr 03, 2020 | Last updated on Sep 21, 2021

Yes. Your business may qualify for an Economic Injury Disaster Loan (EIDL) or a Paycheck Protection Program (PPP) loan.

Tax - Business Coronavirus Recent Tax News
2 min read

Do I qualify for the Employee Retention Credit?

Reviewed by John Kirkland | Written on Apr 01, 2020 | Last updated on Sep 21, 2021

Find out how much you can save by simply keeping your employees on payroll during COVID-19.

Tax - Business Coronavirus Recent Tax News
10 min read

Tax terms you need to know

Reviewed by John Kirkland | Written on Jan 03, 2020 | Last updated on Sep 20, 2021

Confused by popular tax acronyms like AGI and AMT? This glossary can help you navigate those terms and more.

Tax - Individual Tax - Business
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