News – Page 10 – Fiducial Blog

IRS Issue Snapshot: Combination Retirement Plan Deduction Limits

January 19, 2022

What is a combination retirement plan? It occurs when an employer provides both a defined contribution (DC) and defined benefit (DB) retirement plan.

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.

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.

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.

10 Tax Strategies to Consider Before the End of 2021

December 20, 2021

The holiday season is almost upon us, and the 2021 tax preparation season will soon follow. Now is the time to take advantage tax-saving strategies.

Should You Deduct Your Business Start-Up Expenses?

December 8, 2021

Are you a new business owner? You may be helped by a tax provision allowing you to deduct start-up expenses and organizational costs.

Tax Strategizing Now May Be Wise as New Tax Proposals Loom

November 19, 2021

Fiducial has a list of potential tax strategies that may benefit you. Every taxpayer’s situation is unique; not all of these strategies will apply to you.