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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
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

Tax Credit Pays for Keeping Employees on Payroll

By John Kirkland on Apr 01, 2020

To help businesses retain employees and keep them employed during the COVID-19 crisis, Congress has provided a refundable employer retention credit available to all qualifying employers regardless of size, including tax-exempt organizations.

Topics: Payroll Tax - Business Running Your Business Coronavirus
2 min read

Employee benefits and the link to staff engagement

By Carol Diaz on Feb 18, 2020

Only 15% of the world's workers are engaged and reaching their full potential at work, according to research by Gallup. Increasing that engagement is a key aim for many business owners.

Topics: Payroll Running Your Business Employees
1 min read

S Corp Business Owners: Are You Paying Yourself a Reasonable Salary?

By Sean DiMercurio CPA CGMA on Jan 05, 2020

S Corporations have very specific requirements when it comes to taxation and compensation.  This has led many of those responsible for payroll and bookkeeping at S corporations to make the mistake of failing to provide those shareholders with W-2 wages.

Topics: Payroll Tax - Business
3 min read

When should a Form 1099 be issued?

By John Kirkland on Dec 20, 2019

UPDATE:

As of tax year 2020, the Form 1099 rules have changed.  Click here to read the updated article. 

Original:

The Form 1099 rules can get complicated - staying compliant doesn’t have to be. Many business owners aren’t sure of the best practices when issuing a Form 1099. Get to know the rules and learn how to avoid common mistakes when issuing a Form 1099.

Topics: Tax Payroll Tax - Business
2 min read

How Often Should Employees Be Paid?

By Sheila Malavet on May 15, 2019

It may be common for employers to pay their employees weekly, though there are several options available to you! It’s worth exploring these options to see what works best for both your team and your business.  The most commonly used payment frequencies are:

  • Weekly (52 times a year)
  • Bi-weekly (26 times a year)
  • Semi-monthly (24 times a year)
  • Monthly (12 times a year)
Topics: Payroll
2 min read

3 Payroll Woes to Avoid

By Sean DiMercurio CPA CGMA on Mar 02, 2018

The Heroes Group is on a mission to eliminate small business owners from processing their own payroll. Fun fact: Business owners can be held personally liable for ensuring payroll taxes are handed over to the IRS. It’s called the Trust Fund Recovery Penalty (TFRP), and many small business owners haven’t heard of it.

Topics: Payroll