Tax Central – Page 16 – Fiducial Blog

Choosing a Business Entity? The Pros and Cons of a C Corporation

February 13, 2023

Wondering which form of business is most suitable fr you? Here is a summary of the major advantages and disadvantages of doing business as a C corporation.

When Can You Dump Old Tax Records? Fiducial Has the Answer

February 8, 2023

Taxpayers often question how long they should keep old tax records. How much time does the IRS have to audit a return after you file? That depends.

Many Tax Limits Affecting Businesses Have Increased for 2023

February 6, 2023

Many tax-related limits affecting businesses are indexed annually. Due to high inflation, many have increased more than usual for 2023.

What Do You Do If the IRS Wants to “Audit” Your Tax Return?

February 3, 2023

The word “audit” tends to strike fear in the hearts of American taxpayers. However, the truth is that not every audit is a result of a problem.

Important Info for S-Corporation Shareholders & Partners of a Partnership

February 1, 2023

There is an important issue related to filing the 2022 S-corporation and partnership tax returns. It requires the cooperation of shareholders and partners.

Tax-Deferred Investing: What You Need to Know

January 30, 2023

You need to know how various tax savings vehicles and income deferral opportunities function. Tax-deferred investing can be vital to your future.

Employers, Stay Mindful of Your Nonemployee Reporting Obligations

January 27, 2023

In today’s “gig economy,” you may have a some independent contractors rather than employees. Don't forget to fulfill your nonemployee reporting obligations.

Employers Should Be Wary of ERC Claims That Are Too Good to Be True

January 25, 2023

The ERC was a tax credit for employers that kept workers on staff during the pandemic. It is no longer available, but eligible employers can still claim it.