What Local Transportation Costs Can Your Business Deduct?

What Local Transportation Costs Can Your Business Deduct?

You and your small business are likely to incur a variety of local transportation costs each year. There are various tax implications for these expenses.
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Why You May Receive an IRS Form 1099-K This Year

Why You May Receive an IRS Form 1099-K This Year

Effective for 2022 and beyond, Congress reduced the threshold for the Form 1099-K filing requirement. Fiducial explores the ways taxpayers can be affected.
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The Inflation Reduction Act Gives the Solar Tax Credit New Life

The Inflation Reduction Act Gives the Solar Tax Credit New Life

The Inflation Reduction Act gives new life to the federal solar tax credit. It also provides guidelines allowing batteries to also qualify for the credit.
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The New Home Energy Improvement Credit Is Bigger and Better

The New Home Energy Improvement Credit Is Bigger and Better

A tax credit for making energy-saving improvements to a home isn't new. However, the Inflation Reduction Act enhanced the home energy improvement credit.
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Electric Vehicle Credit Undergoes Major Overhaul

Electric Vehicle Credit Undergoes Major Overhaul

Recently, the Inflation Reduction Act of 2022 was passed. With it, the electric vehicle credit has undergone some major changes.
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Worried About an IRS Audit? Advanced Preparation is Key

Worried About an IRS Audit? Advanced Preparation is Key

IRS audit rates are historically low, but that’s little consolation if your return is chosen. With proper preparation and planning, you should fare well.
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SBA Disaster Loans: Loans Available After Hurricanes Fiona & Ian

SBA Disaster Loans: Loans Available After Hurricanes Fiona & Ian

In response to the devastation of Hurricanes Fiona in Puerto Rico and Ian in Florida, SBA (The U.S. Small Business Administration) Disaster Loans are now available.
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Don't Ignore Household Employee Payroll Tax Rules

Don't Ignore Household Employee Payroll Tax Rules

Have you hired a domestic worker in or around your home? If the worker is your household employee, you have tax obligations to filfill (and W-2s to issue!).
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