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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!

2 min read

S Corporations: Reasonable Compensation Explained

By John Kirkland on Feb 03, 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.

Topics: Tax Payroll Tax - Individual Tax - Business
3 min read

3 Common Personal Income Tax Problems & How to Respond

By John Kirkland on Feb 02, 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.

Topics: Tax Tax - Individual
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
5 min read

When should I issue Form 1099?

By John Kirkland on Dec 14, 2020


The Form 1099 rules can get complicated - staying compliant doesn’t have to be.  For the 2020 tax year, the Internal Revenue Service (IRS) has made some changes that could impact the way you have to issue Form 1099s.  Read below to learn about the new rules and how your business may be affected.

Topics: Tax Payroll Tax - Business
2 min read

The Heroes Group is now DiMercurio Advisors

By Sean DiMercurio CPA CGMA on Dec 03, 2020

The Heroes Group is now DiMercurio Advisors!

While our name might be changing, who we are and what we stand for will remain the same. We will continue to provide quality advisory, accounting, business registration and tax services to empower business owners to succeed.

Topics: Tax Accounting Featured
4 min read

Your Guide to Using 529 College Savings Plans

By John Kirkland on Jul 15, 2020

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. 

4 min read

Congress Liberalizes PPP Loan Forgiveness

By Sean DiMercurio CPA CGMA on Jun 12, 2020

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.

Topics: Tax - Business Coronavirus
2 min read

Establishing an advisory structure for your small business

By Sean DiMercurio CPA CGMA on May 19, 2020

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.

Topics: Running Your Business
2 min read

Measuring the health of your business

By Sean DiMercurio CPA CGMA on May 12, 2020

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.

Topics: Accounting Cash Flow Running Your Business