Retroactive Termination of the Employee Retention Credit

Retroactive Termination of the Employee Retention Credit

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!

The Standard Business Mileage Rate Increased for 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

Understanding the Taxation of Cryptocurrency Transactions

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

Need a New Business Vehicle? Consider a Heavy SUV

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

10 Tax Strategies to Consider Before the End of 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?

Should You Deduct Your Business Start-Up Expenses?

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

Tax Strategizing Now May Be Wise as New Tax Proposals Loom

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.
Employers: The Social Security Wage Base Is Increasing in 2022

Employers: The Social Security Wage Base Is Increasing in 2022

The Social Security Administration announced that the wage base for computing Social Security tax will increase for 2022. How will this affect you?