Resources

AWESOME TOOLS FOR AWESOME HEROES.

John Kirkland Feb 3, 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...

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!

John Kirkland 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...

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,...

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...

John Kirkland Apr 3, 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...

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...

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.

Whether your Social Security benefits are taxable (and, if so, the amount that is taxed) depends on a number of issues.  The following will help you understand the taxability of your Social...