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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
3 min read

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

By Sean DiMercurio CPA CGMA on Apr 09, 2020

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.”

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

Stimulus Legislation Includes SBA Loan Forgiveness

By John Kirkland on Apr 03, 2020

Among the hardest hit during the coronavirus epidemic are the small businesses that have lost their revenue sources and do not have the financial resources to weather the storm. In this case, the federal government’s SBA (Small Business Administration) Economic Injury Disaster Loan (EIDL) can help a business make it through these trying times.

Topics: Tax Tax - Business Coronavirus
3 min read

Can’t Pay Your Taxes? Payment Due Date Extended Because of COVID-19

By Sean DiMercurio CPA CGMA on Mar 25, 2020

Although most American taxpayers receive a refund each year when they file their income tax returns, there are those who for one reason or another end up owing. However, lots end up owing on April 15th and many don’t have the means to pay what they owe.

Topics: Tax Coronavirus
2 min read

Coronavirus and Taxes: Frequently Asked Questions (FAQ)

By Sean DiMercurio CPA CGMA on Mar 24, 2020

The COVID-19 outbreak is affecting every facet of our lives – including our taxes. Check here for all your FAQ to see how you may be impacted.

Topics: Tax Coronavirus