For Business – Page 37 – Fiducial Blog

Does Your Business Need to File Forms 1099-NEC or 1099-MISC?

January 17, 2022

Do you use independent contractors for your business? Have you paid $600+ to each one for the year? You must issue the worker and the IRS a Form 1099-NEC.

Retroactive Termination of the Employee Retention Credit

January 14, 2022

Did you claim the employee retention credit in the Q4 2021? Congress has adopted a retroactive change affecting the ERC for the Q4 2021.

The Standard Business Mileage Rate Increased for 2022!

January 12, 2022

The standard business mileage rate went up! The rate used to calculate the deductible cost of operating an automobile for business grew by 2.5 cents/mile.

Many Factors Are Involved When Choosing a Business Entity

January 10, 2022

Are you planning to launch a business or thinking about changing your business entity? If so, you need to determine which entity will work best for you.

Understanding the Taxation of Cryptocurrency Transactions

January 7, 2022

Ever purchased, owned, sold, gifted, made purchases with, or used cryptocurrency in business transactions? Then there are tax issues you need to know about.

Corporations: Do You Really Want to Pay Those Dividends?

January 3, 2022

If you invest in stocks, you probably look forward to receiving dividends. But not everybody is a fan of these additional payments.

Tax Considerations for Launching a Small Business as a Sole Proprietor

December 27, 2021

Many entrepreneurs begin operating as sole proprietors. Fiducial has some tax rules and considerations for operating your business as a sole proprietor.

Need a New Business Vehicle? Consider a Heavy SUV

December 24, 2021

Considering buying or replacing a vehicle for use in your business? If you choose an SUV, you may benefit from lucrative tax rules.