For Business – Page 15 – Fiducial Blog

Is Hobby Income Taxable? Are Hobby Losses Deductible?

August 14, 2023

Involved in a hobby that you not only enjoy but that produces income? If so, you should know how hobby income and expenses are treated for tax purposes.

Employee or Independent Contractor? Learn How to Classify Both

August 11, 2023

Employers often misclassify employees as independent contractors. Misclassification can have significant ramifications for the employer and the worker.

Advantages & Disadvantages of Claiming Qualified Improvement Property

August 2, 2023

The decision to claim first-year depreciation deductions for qualified improvement property can be complicated. Fiducial has the pros and cons for you!

Who is at Risk of The Trust Fund Recovery Penalty?

July 28, 2023

The Trust Fund Recovery Penalty is personally imposed on certain business owners and managers when employment taxes aren’t paid.

Key Factors for Employers in Choosing an Affordable Health Plan

July 26, 2023

Choosing or switching to an affordable yet fully featured health plan to sponsor for employees isn’t easy. Yet, for most organizations, it’s an imperative.

Employer-Offered Benefits That Can Save You Money and Taxes

July 21, 2023

Tax law includes tax and financial benefits that employers can offer to employees. If your employer offers these benefits, consider taking advantage.

Got a Letter From the IRS? Don’t Panic - Learn About CP-Series Notices!

July 17, 2023

The IRS now does most of its auditing through correspondence, so an IRS letter can cause panic. Learn more about CP-series notices and what they mean.

7 Helpful Bookkeeping Tips for E-Commerce Companies

July 14, 2023

Keeping your bookkeeping in order will help empower your e-commerce business. Fiducial has a few key elements to keep your eyes on moving forward.