Tax Considerations for Launching a Small Business as a Sole Proprietor

Tax Considerations for Launching a Small Business as a Sole Proprietor

Many entrepreneurs begin operating as sole proprietors. Fiducial has some tax rules and considerations for operating your business as a sole proprietor.
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Thinking about participating in your employer’s 401(k) plan? Here’s how it works

If you’re fortunate to have an employer offering a 401(k) plan, you may wonder if you should participate. Here are the basic features of these plans.
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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.
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Don't Have a Retirement Plan? Maybe an SEP Is the Answer

Don't Have a Retirement Plan? Maybe an SEP Is the Answer

There are a number of retirement plans available, like Keogh plans and 401(k)s. But, Fiducial thinks a simplified employee pension plan (SEP) may be best.
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IRS Provides Guidance on ARPA Changes to Pension Plans

IRS Provides Guidance on ARPA Changes to Pension Plans

The IRS provided guidance on changes made by the ARPA regarding pension plans. The guidance also addresses the funding-based limits on benefits.
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How Can You Minimize Tax on Social Security Benefits?

How Can You Minimize Tax on Social Security Benefits?

Whether your Social Security benefits are taxable depends on many issues. Fiducial can help you understand the taxability of your Social Security benefits.
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Higher Income Taxpayers Beware: Tax Increases May Be Coming

Higher Income Taxpayers Beware: Tax Increases May Be Coming

The House Ways and Means Committee has released a list of proposed tax changes. As you read, notice that the provisions apply to higher income taxpayers.
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Double-Check the Rules on Spousal Consent for 401(k) Distributions

Double-Check the Rules on Spousal Consent for 401(k) Distributions

Some 401(k) plans require spousal consent whenever a participant takes a distribution. Others don’t require spousal consent for distributions or loans.
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