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.
The Tax and Bookkeeping Challenges of the Freelancing
It seems like more and more employees are turning to freelance work. According to one recent study, there are now 73.3 million people freelancing in the US.
Looking for Quick Cash? Try to Avoid Retirement Early Withdrawals
Are You looking for quick cash? Your retirement savings may look tempting. However, early withdrawals can mean paying income tax and a 10% early-distribution tax.
Don’t Get Hit with IRS Underpayment Penalties
Under federal law, taxpayers must pay taxes during the year as they earn or receive income. If not, they can incur substantial underpayment penalties.
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.
Don't Ignore Household Employee Payroll Tax Rules
If a domestic worker provides services in/around your home, a tax liability may exist. If the worker is your household employee, you need to know.