For Business – Page 61 – Fiducial Blog

What is an IRS Penalty Abatement and Am I Eligible for One?

March 9, 2020

Several types of IRS penalties can be assessed against you. But the IRS can issue a penalty abatement if you think you’ve been wrongly penalized.

Using an S Corporation May Help Business Owners Reduce Tax

March 6, 2020

Is your business a sole proprietorship or an LLC? Are you paying both income tax and self-employment tax? You may cut your taxes by using an S corporation.

What Are My Chances of Being Audited and How Can I Reduce Them?

March 2, 2020

Your chances of being audited are pretty rare. Fewer than 1% of taxpayers will get that notice on IRS letterhead. Here are some tips to lower your chances.

Setting up a Health Savings Account (HSA) for Your Small Business

February 24, 2020

Healthcare benefits are a powerful perk when you’re looking for new hires, and an important incentive to stay put for existing employees.

Practice "Situational Awareness" When it Comes to Employees' Wages

February 21, 2020

The term “wages” includes more than just an employee’s allotted cash pay for work, what factors do you need to consider when formulating a wage?

Wayfair Revisited — It’s Time to Review Your Sales Tax Obligations

February 17, 2020

A state is constitutionally prohibited from taxing business activities unless those activities have a substantial “nexus,” or connection, with the state.

Pension Startup Credit for Employers Substantially Increased

February 14, 2020

Are you considering establishing a qualified pension plan for your business? You may be entitled to a pension startup credit for employers.

Small Business Owners May Qualify for a Home-Office Deduction

February 10, 2020

If you run your business from your home, you may qualify for a home-office deduction. This blog will show you your options.