Tax Central – Page 14 – Fiducial Blog

Who Claims the Children’s Tax Benefits - You or Your Ex-Spouse?

March 20, 2023

Tax law has specific, complicated rules about who profits from child-related tax benefits. Children’s tax benefits are numerous. Read on for more info!

Gig Work Can Have Tax Consequences You Never Considered

March 17, 2023

Gig work brings a newfound sense of freedom but also a number of potential disadvantages. This will become especially apparent when it comes to tax season.

Buying a New Business Vehicle? A Heavy SUV Is a Tax-Smart Choice

March 13, 2023

Buying or replacing a vehicle that you’ll use in your business? A heavy SUV may provide a more generous tax break this year than a smaller vehicle.

Have Employees Who Receive Tips? Here Are the Tax Implications

March 10, 2023

Earn your living through tips? Employ individuals who receive tips as part of their compensation? Then you need to know the tax implications.

Run a Business from Home? You May Qualify for Home Office Deductions

March 8, 2023

Are you self-employed and run your business from home? You might be able to claim home office deductions for expenses against your business income.

Implications of the R&D Tax Policy Changes on Manufacturers Everywhere

March 3, 2023

Do you know about a recent R&D tax policy change? It will impact the way that R&D is handled when it comes to income taxes in the United States.

The Three Essential Elements of Taxable Wages Employers Need to Know

March 1, 2023

Employers are generally responsible and liable for applying payroll taxes to payments for taxable wages. FICA and FITW are separate employment tax regimes.

Wonder What Tax Deductions Are Worth? Fiducial Has Answers

February 27, 2023

Individuals are always looking for tax deductions that can reduce their tax liability. But what actual tax benefit can you derive from a tax deduction?