For Business – Page 14 – Fiducial Blog

The Hidden Costs of Sloppy Bookkeeping

September 22, 2023

A recent Stanford study reviewed the aftermath of the Enron collapse. They found that risky or sloppy bookkeeping can lead to hidden costs.

Research Credit Available as a Payroll Tax Credit Doubled

September 20, 2023

The Inflation Reduction Act has a provision that could benefit small business startups. It could allow them to double the research and development credit.

Update on Business Asset Depreciation

September 18, 2023

Inflation can have some beneficial side effects. One is that the amount of depreciation tax breaks your business can claim has increased for 2023.

Would “Interest Crediting” Help Boost Participation in Your Organization’s HRA?

September 13, 2023

Employers offering employees the option to invest in an HRA may be able to enhance this benefit by adding an “interest crediting” feature to their plans.

SECURE 2.0 Act: Should Your 401(k) Help Employees With Emergencies?

September 6, 2023

SECURE 2.0 Act kicks in next year which may allow businesses to help employees in financial emergencies through their 401(k)s.

Guaranteeing a Loan to Your Corporation? There May be Tax Implications

September 1, 2023

If your corporation defaults on a loan that you guarantee, there may be tax consequences. You don’t want to be caught unaware.

Extreme Weather May Lead to More 401(k) Hardship Distribution Requests

August 25, 2023

Extreme weather can result in damage to personal residences. You must prepare your HR staff and employees for the hardship distribution approval process.

What Will Happen When TCJA Tax Changes Sunset in 2025?

August 23, 2023

Most of the tax changes made by TCJA will expire after 2025. This will impact long range tax planning and result in a mixed bag of tax increases and cuts.