For Business – Page 19 – Fiducial Blog

4 Ways to Reasonable Compensation for Corporate Business Owners

June 9, 2023

There’s a tax advantage to taking money out of a C corp as compensation rather than dividends. But, only reasonable compensation can be deducted.

Hiring Independent Contractors? Make Sure They’re Properly Handled

June 7, 2023

Many businesses use independent contractors to help keep costs down. But be careful that these workers are properly classified for federal tax purposes.

Education Benefits Help Attract, Retain, and Motivate Your Employees

June 5, 2023

One way to attract, retain and motivate employees is to provide education benefits. An employee can receive up to $5,250/year under this type of program.

Why an LLC Might Be the Best Choice of Entity for Your Business

May 31, 2023

Is a limited liability company (LLC) for you? An LLC is somewhat of a hybrid entity. This duality may provide you with the best of both worlds.

Take Advantage of the Rehabilitation Tax Credit

May 24, 2023

Does your business occupy substantial space and need to increase or move from that space? You should keep the rehabilitation tax credit in mind.

Use the NOL Deduction to Make Business Losses Less Painful

May 19, 2023

Losses can happen in any business. The NOL deduction may soften the blow by allowing businesses to apply losses to offset taxable income in future years.

The Tax and Bookkeeping Challenges of the Freelancing

May 17, 2023

It seems like more and more employees are turning to freelance work. According to one recent study, there are now 73.3 million people freelancing in the US.

Tax Obligations to Consider When Closing Your Business

May 10, 2023

If you are closing your business, Fiducial can assist you. This includes taking care of the various tax responsibilities that must be met.