Tax Records

How Long Should You Keep Old Tax Records?

This is a common question: How long must taxpayers keep copies of their income tax returns and supporting tax records? And Fiducial has your answer.
Read more

Ways to Deduct Health Insurance

Health insurance premiums have risen dramatically and are one of the largest expenses that most individuals pay. Learn what is treated as deductible health insurance.
Read more
tcja

Major Tax Sunset of TCJA Provisions on the Horizon

In late 2017, Congress passed the Tax Cuts & Jobs Act (TCJA) which made enormous changes to income tax laws. There is a major sunset of these provisions on the horizon.
Read more
EIN

Does a Foreign Entity Need a U.S. Identification Number (EIN)?

It is mandatory for foreign entities that are conducting business in the United States to have an Employer Identification Number. Learn more on how to obtain an EIN.
Read more
self-employment tax

Understanding Self-Employment Tax

Self-employment (SE) tax is a tax consisting of Social Security and Medicare taxes primarily for individuals who work for themselves. Read more to learn.
Read more
8 Steps to Avoid Common Tax and Accounting Mistakes cover

8 Steps to Avoid Common Tax and Accounting Mistakes

Learn the eight common tax and accounting mistakes. As well as insights into why they occur and offering detailed strategies to prevent them.
Read more
Navigating the Tax Implications of Remote Work for SMBs: A Comprehensive Guide (copy) cover

Navigating the Tax Implications of Remote Work for SMBs: A Comprehensive Guide

Understanding the tax nexus associated with remote work is one of the most significant challenges for many business owners.
Read more
Common IRS Audit Triggers for Small Businesses: How to Avoid Them cover

Common IRS Audit Triggers for Small Businesses: How to Avoid Them

understanding the common triggers for an IRS audit and taking proactive steps can significantly reduce the likelihood of facing one.
Read more