Tax Central – Page 17 – Fiducial Blog

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.

Managing Capital Gains and Losses in a Turbulent Year

December 19, 2022

It's been a rough Fall for the stock market. You should review your portfolio and other capital transactions to minimize gains or maximize losses this year.

Fiducial’s Holiday List for Year-End Gifts with Tax Benefits

December 16, 2022

Did you know that some gifts provide a variety of tax benefits? Fiducial recommends taking advantage of year-end gifts before it’s too late!