Small Business – Page 7

What Will Happen When TCJA Tax Changes Sunset in 2025?

August 23, 2023

Most of the tax changes made by TCJA will expire after 2025. This will impact long range tax planning and result in a mixed bag of tax increases and cuts.

Receive More than $10,000 in Cash at Your Business? Meet Form 8300

August 21, 2023

Does your business receive large amounts of cash or cash equivalents? Then you must report these transactions to the IRS using Form 8300.

Employers, Tune Up Your Employee Value Proposition for the Road Ahead

August 18, 2023

You’ve still got to work to win over great job candidates and retain valued employees. Make sure you’re ready and tune up your employee value proposition.

When Tax Issues Become Tax Fraud in the Eyes of the IRS

August 16, 2023

The chasm between a "minor accident" and "intentional tax fraud" is a big one. The latter can get you into trouble and may venture into criminal territory.

Is Hobby Income Taxable? Are Hobby Losses Deductible?

August 14, 2023

Involved in a hobby that you not only enjoy but that produces income? If so, you should know how hobby income and expenses are treated for tax purposes.

Employee or Independent Contractor? Learn How to Classify Both

August 11, 2023

Employers often misclassify employees as independent contractors. Misclassification can have significant ramifications for the employer and the worker.

Advantages & Disadvantages of Claiming Qualified Improvement Property

August 2, 2023

The decision to claim first-year depreciation deductions for qualified improvement property can be complicated. Fiducial has the pros and cons for you!

Who is at Risk of The Trust Fund Recovery Penalty?

July 28, 2023

The Trust Fund Recovery Penalty is personally imposed on certain business owners and managers when employment taxes aren’t paid.