Overlook Something on a Prior Tax Return? File an Amended Return cover

Overlook Something on a Prior Tax Return? File an Amended Return

Taxpayers sometimes overlook items of income on a tax return. It happens! Learn why it's so important to file an amended return.
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DOs and DON’Ts of Deducting Business Meal & Vehicle Expenses cover

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.
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Warning Signs That It May Be Time To Stop Managing Your Own Books cover

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.
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Commonly Asked Tax Questions (and Answers!) cover

Commonly Asked Tax Questions (and Answers!)

Only deal with income taxes once a year with your tax return? If the answer is yes, we bet you have questions related to tax terminology.
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The IRS Issues Update to the Scams to Be Aware of for 2023 and Beyond cover

The IRS Issues Update to the Scams to Be Aware of for 2023 and Beyond

When it comes to income taxes, two things tend to be true every year. First, April will always roll around, and second, with tax season comes tax scams.
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4 Ways to Reasonable Compensation for Corporate Business Owners cover

4 Ways to Reasonable Compensation for Corporate Business Owners

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.
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Hiring Independent Contractors? Make Sure They’re Properly Handled cover

Hiring Independent Contractors? Make Sure They’re Properly Handled

Many businesses use independent contractors to help keep costs down. But be careful that these workers are properly classified for federal tax purposes.
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Education Benefits Help Attract, Retain, and Motivate Your Employees cover

Education Benefits Help Attract, Retain, and Motivate Your Employees

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.
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