Common IRS Audit Triggers for Small Businesses: How to Avoid Them
understanding the common triggers for an IRS audit and taking proactive steps can significantly reduce the likelihood of facing one.
The Risks and Dangers of Using a “Ghost” Preparer
As people begin to have their 2023 tax returns prepared, this is a reminder to avoid unethical “ghost” tax preparers.
Tax-Favored Qualified Small Business Corporation Status Could Help You Thrive
There are two strong incentives for eligible small businesses to operate as a special type of entity. Learn how a Qualified Small Business Corporation (QSBC) may work for your entity.
Your Tax Documents Should Be Arriving Soon
Your tax documents should be arriving to you soon! Fiducial has the rundown of the most frequently used documents.
IRS Disallowing 20,000 Employee Retention Tax Credit (ERTC) Claims
In an ongoing effort to combat questionable Employee Retention Tax Credit (ERTC) claims, the IRS has sent more than 20,000 letters advising taxpayers that the agency is disallowing their claims.
Defer a Current Tax Bill With a Like-Kind Exchange
Are you interested in selling commercial or investment real estate that has appreciated significantly? A “like-kind” exchange may be an attractive option.
A Company Car Is a Valuable Perk but Don’t Forget About Taxes
For many key employees, the use of a company car is a cherished perk. But before you hand over the keys, make sure you understand the federal tax rules.