Small Business – Fiducial Blog

Changes in Section 174 Mean You Should Review Your R&E Strategy

March 24, 2023

Several provisions in the TCJA have expired or will expire in the next few years. Last year was the end of current deductibility for R&E expenses.

Many Taxpayers Could See Smaller Tax Refunds This Year

March 22, 2023

COVID pandemic-related benefits have come to an end. These decreases in federal tax benefits will mean smaller 2022 tax refunds for taxpayers..

Buying a New Business Vehicle? A Heavy SUV Is a Tax-Smart Choice

March 13, 2023

Buying or replacing a vehicle that you’ll use in your business? A heavy SUV may provide a more generous tax break this year than a smaller vehicle.

Have Employees Who Receive Tips? Here Are the Tax Implications

March 10, 2023

Earn your living through tips? Employ individuals who receive tips as part of their compensation? Then you need to know the tax implications.

Run a Business from Home? You May Qualify for Home Office Deductions

March 8, 2023

Are you self-employed and run your business from home? You might be able to claim home office deductions for expenses against your business income.

All the Signs that You May Need Assistance with Your Bookkeeping

March 6, 2023

You may want to handle your business's bookkeeping yourself. Pay attention to a few key red flags and you'll know when you need help with bookkeeping.

The Three Essential Elements of Taxable Wages Employers Need to Know

March 1, 2023

Employers are generally responsible and liable for applying payroll taxes to payments for taxable wages. FICA and FITW are separate employment tax regimes.

Wonder What Tax Deductions Are Worth? Fiducial Has Answers

February 27, 2023

Individuals are always looking for tax deductions that can reduce their tax liability. But what actual tax benefit can you derive from a tax deduction?