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!

Sean DiMercurio CPA CGMA

Sean DiMercurio CPA CGMA

Sean is Orlando’s most entertaining Certified Public Accountant and firmly believes ice cream can solve any problem.

Recent posts by Sean DiMercurio CPA CGMA

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
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
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
2 min read

Measuring the health of your business

Published on May 12, 2020 by Sean DiMercurio CPA CGMA

When you’re running a business, it’s easy to get caught up in the day-to-day activity and lose sight of the big picture. Taking stock of the health of your business is important. Knowing where you’re allows for more effective planning, early warning about any issues, and the chance to better chart a course for success.

Accounting Running Your Business
2 min read

Forecasting cash flow

Published on Apr 21, 2020 by Sean DiMercurio CPA CGMA

Cash flow is the lifeblood of your business. And when it comes to cash flow management, preventing cash issues is far easier than trying to solve these issues after the event.

Accounting Running Your Business
1 min read

Cost management and cutting your expenses

Published on Apr 14, 2020 by Sean DiMercurio CPA CGMA

Operational costs will be one of the biggest areas of expenditure in your business. And the more it costs you to produce your products and/or services, the smaller your end profit will be.

Accounting Running Your Business
3 min read

Working from home during the COVID-19 outbreak? It probably won’t save you much on your taxes.

Published on Apr 09, 2020 by Sean DiMercurio CPA CGMA | Last updated on Jul 21, 2021

Even if you always hire a tax preparer to do your taxes for you, you probably know that the most effective way of reducing your tax liability is through deductions and tax credits. Since one of the biggest deductions available is the one taken for home office space, in this strange and disorienting period of isolation due to the COVID-19 pandemic, many workers who’ve been told to work from home are wondering whether they’ll be eligible for that additional tax benefit. Unfortunately, the short answer to that question is probably “no.”

Tax - Individual Tax - Business Coronavirus
3 min read

Running Low on Money? Congress Has Made it Easier for You to Tap Your Retirement Savings

Published on Apr 03, 2020 by Sean DiMercurio CPA CGMA | Last updated on Jul 21, 2021

If you are struggling financially due to the COVID-19 epidemic, you will be happy to know Congress, as part of the CARES Act enacted on March 27, has made it easier for you to access your retirement funds during this emergency.

Tax - Individual Coronavirus