Tax Central – Page 17 – Fiducial Blog

The IRS Achieves a 99% Conviction Rate - Say No to Tax Evasion

January 16, 2023

The IRS recently came out with its annual Enforcement Report. If you've ever considered tax evasion, the numbers are very firmly against you.

The Standard Business Mileage Rate Has Gone Up for 2023

January 13, 2023

The standard business mileage rate has gone up for 2023. The 2023 cents-per-mile rate for business use of a car/van/pickup or panel truck is 65.5 cents.

It’s that Time of Year: Your Annual Reminder to File Worker 1099s

January 11, 2023

This is our reminder to issue workers (non employees) a Form 1099-NEC after the end of the year. Provide 1099s for 2022 to workers by January 31, 2023.

How to Minimize the S Corporation LIFO Recapture Tax

January 9, 2023

Considering converting your C corporation to an S corporation? There may be tax implications if you’ve been using the LIFO inventory method.

2023 Q1 Tax Calendar: Key Tax Deadlines for Businesses and Employers

January 2, 2023

Here are some key tax-related deadlines for businesses and employers during Q1 2023. This list isn’t all-inclusive. There may be more deadlines for you.

Fiducial’s Must-Have Tax Tips for Recently Married Taxpayers

December 28, 2022

Recently married taxpayers should have a to-do list of post-ceremony actions re: taxes. But don’t worry if you don’t know where to start- Fiducial does!

Popping Open Some Fringe Benefit COLAs for 2023

December 23, 2022

The IRS released the 2023 cost-of-living adjustments (COLAs). These apply to a variety of tax-related limits applicable to many popular fringe benefits.

The IRS Plans on Targeting Abusive ERTC Claims

December 21, 2022

The ERTC provides refundable tax credits to employers that kept workers on payroll during the pandemic. This is a credit against the employer payroll taxes.