For Business – Page 35 – Fiducial Blog

The 2022 IRS Interest Rate Hike Went Live April 1st

April 13, 2022

Are you required to pay quarterly estimated income tax? Then, a recent interest rate hike imposed by the IRS may directly impact on you.

What Is Tax Basis and Why Is It So Important?

April 9, 2022

The term “basis” refers to the monetary value used to measure a gain or loss. In this article, Fiducial explores tax basis in various circumstances.

Good News! Fully Deduct Business Meals in 2021 and 2022

April 8, 2022

The federal government is picking up the tab for certain business meals. The usual deduction for 50% of the cost of these meals doubled in 2022 (and 2021).

Are COVID-19 Testing and Vaccination Programs Subject to ERISA?

April 6, 2022

Many employers may soon greenlight their full “return to office” plans.Some organizations are considering on-site COVID-19 testing and vaccinations

Fiducial’s Guide to Forming a Joint Venture: What You Need to Know

April 4, 2022

Before agreeing to a joint venture, business owners must assess how to proceed. They must consider all aspects of the new organization's operations.

Do Tax Deductions and Tax Credits Result in the Same Tax Benefit?

March 28, 2022

Tax lingo can be confusing. Often taxpayers confuse the terms “tax deductions” and “tax credits.” Fiducial explains these terms for you below.

Hobby or For-Profit Activity? The Answer Matters for Tax Purposes

March 26, 2022

If you are engaged in an activity that produces income, we have a question for you. Is the activity a hobby or a business? Much hinges on the answer.

Withdrawals From Closely Held Corporations at Minimum Tax Cost

March 25, 2022

Do you want to withdraw cash from your closely held corporation at a minimum tax cost? Fiducial can help! Read on for our top five tips!