Tax Central – Page 10 – Fiducial Blog

4 Ways to Reasonable Compensation for Corporate Business Owners

June 9, 2023

There’s a tax advantage to taking money out of a C corp as compensation rather than dividends. But, only reasonable compensation can be deducted.

Hiring Independent Contractors? Make Sure They’re Properly Handled

June 7, 2023

Many businesses use independent contractors to help keep costs down. But be careful that these workers are properly classified for federal tax purposes.

Education Benefits Help Attract, Retain, and Motivate Your Employees

June 5, 2023

One way to attract, retain and motivate employees is to provide education benefits. An employee can receive up to $5,250/year under this type of program.

What’s the Difference Between an HSA and an FSA?

June 2, 2023

The tax code provides 2 tax plans to pay medical expenses. One is a Flexible Spending Account (FSA); the other is a Health Savings Account (HSA).

Why an LLC Might Be the Best Choice of Entity for Your Business

May 31, 2023

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.

The IRS Announced 2024 Amounts for Health Savings Accounts (HSAs)

May 26, 2023

The IRS recently released guidance providing the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs). Fiducial has all the news!

Take Advantage of the Rehabilitation Tax Credit

May 24, 2023

Does your business occupy substantial space and need to increase or move from that space? You should keep the rehabilitation tax credit in mind.

Do You Have a Mid-Year Tax Planning Checklist? Fiducial Does

May 22, 2023

All too often, taxpayers wait until after the close of the tax year to worry about their taxes. But, mid-year is the perfect time for tax planning.