What Local Transportation Costs Can Your Business Deduct?

What Local Transportation Costs Can Your Business Deduct?

You and your small business are likely to incur a variety of local transportation costs each year. There are various tax implications for these expenses.
Read more
Three Tax Breaks Every Small Business Should Know About

Three Tax Breaks Every Small Business Should Know About

Sometimes, bigger isn’t better. Your small- or medium-sized business may be eligible for some tax breaks not available to larger businesses.
Read more
Why You May Receive an IRS Form 1099-K This Year

Why You May Receive an IRS Form 1099-K This Year

Effective for 2022 and beyond, Congress reduced the threshold for the Form 1099-K filing requirement. Fiducial explores the ways taxpayers can be affected.
Read more
The Inflation Reduction Act Gives the Solar Tax Credit New Life

The Inflation Reduction Act Gives the Solar Tax Credit New Life

The Inflation Reduction Act gives new life to the federal solar tax credit. It also provides guidelines allowing batteries to also qualify for the credit.
Read more
The New Home Energy Improvement Credit Is Bigger and Better

The New Home Energy Improvement Credit Is Bigger and Better

A tax credit for making energy-saving improvements to a home isn't new. However, the Inflation Reduction Act enhanced the home energy improvement credit.
Read more
Electric Vehicle Credit Undergoes Major Overhaul

Electric Vehicle Credit Undergoes Major Overhaul

Recently, the Inflation Reduction Act of 2022 was passed. With it, the electric vehicle credit has undergone some major changes.
Read more
IRS News Regarding Employer Reversion and Spinoff/Termination

IRS News Regarding Employer Reversion and Spinoff/Termination

What happens when a qualified retirement plan terminates with surplus funds? Employer reversion. And the IRS has specific rules governing this process.
Read more
Worried About an IRS Audit? Advanced Preparation is Key

Worried About an IRS Audit? Advanced Preparation is Key

IRS audit rates are historically low, but that’s little consolation if your return is chosen. With proper preparation and planning, you should fare well.
Read more