For Business – Page 15 – Fiducial Blog

Spouse-Run Businesses Face Special Tax Issues

October 13, 2023

Do you and your spouse together operate a profitable unincorporated small business? Here’s a look at some of the tax issues they may face.

Tax Filing Extension Deadline Is October 16, 2023

October 11, 2023

If you haven't filed your 2022 tax return and requested an extension, that extension expires on October 16th. Failure to file before this deadline can subject you to late-filing penalties.

What Types of Expenses Can’t Be Written Off by Your Business?

October 9, 2023

For business expenses to be deductible, expenses must be considered ordinary, necessary, and reasonable. Fiducial breaks down what is and isn't deductible.

Business Entity Types to Consider When Starting a Business

October 6, 2023

When you start a business, there are several possible business entity types you should consider. Each business entity choice has its own pros and cons.

The Partner Employee Issue

October 4, 2023

Have an employee partner problem? Tax regulations issued by the IRS take aim at the partner employee practice and are working to put a stop to it.

2023 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers

September 29, 2023

As the season changes, it’s time for businesses to start thinking about year-end tax strategies. It’s also a good time to think about the fourth quarter 2023 tax filing deadlines.

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.