DOs and DON’Ts of Deducting Business Meal & Vehicle Expenses
Claiming deductions for business meals or auto expenses? Expect the IRS to closely review them. Tax auditors root out inconsistencies, omissions, and errors.
Warning Signs That It May Be Time To Stop Managing Your Own Books
Should you be managing your own books? Fiducial has a few key warning signs to watch out for that will signal when to hire a professional.
Why an LLC Might Be the Best Choice of Entity for Your Business
Is a limited liability company (LLC) for you? An LLC is somewhat of a hybrid entity. This duality may provide you with the best of both worlds.
Take Advantage of the Rehabilitation Tax Credit
Does your business occupy substantial space and need to increase or move from that space? You should keep the rehabilitation tax credit in mind.
Use the NOL Deduction to Make Business Losses Less Painful
Losses can happen in any business. The NOL deduction may soften the blow by allowing businesses to apply losses to offset taxable income in future years.
Tax Obligations to Consider When Closing Your Business
If you are closing your business, Fiducial can assist you. This includes taking care of the various tax responsibilities that must be met.
Retirement saving options for your small business: Keep it simple
You may be reluctant to set up a retirement plan for your small business due to administrative burdens. Here are two options to consider with fewer requirements than traditional qualified retirement plans.