Tax Central – Page 12 – Fiducial Blog

Don’t Get Hit with IRS Underpayment Penalties

May 12, 2023

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

May 10, 2023

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

May 8, 2023

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

May 5, 2023

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.

Is an LLC the Right Choice for Your Small Business?

May 3, 2023

Is your small business a sole proprietorship? Do you want to form an LLC? Learn the basic information and tax perks you need to know to operate an LLC.

Should You Be Keeping Home Improvement Records?

April 28, 2023

Many taxpayers don’t keep home improvement records. However, records are important if you want to take advantage of the tax code’s exclusion for home gains.

Vacation Home Rentals and Income Tax: What You Need to Know

April 26, 2023

Have questions about rental income tax for a part-time vacation home rentals? The applicable rental rules include some twists that you should know about.

Potential Tax Advantages of Hiring Your Child This Summer

April 24, 2023

Thinking about hiring your high school or college-age child to work in your business? You could reap significant tax benefits.