Tax Central – Page 23 – Fiducial Blog

Are Damage Awards Taxable? Fiducial Has the Scoop!

July 18, 2022

The tax code specifies that all income is taxable from any source, unless exempted. Though the tax code does provide an exclusion for certain damage awards.

Help When Needed: Apply the Research Credit Against Payroll Taxes

July 15, 2022

Is your small company or start-up planning to claim the research tax credit? You can apply all or some of these credits against your payroll taxes.

Calculating Corporate Estimated Tax: What You Need to Know

July 13, 2022

The next quarterly estimated tax payment deadline is September 15. So, it’s a good time to review the rules for computing corporate estimated tax payments.

Understanding What Innocent Spouse Relief Is, and Whether You Need It

July 11, 2022

What happens if your spouse is a tax cheat, and you unknowingly signed a joint tax return. Are you responsible or can you receive innocent spouse relief?

S Corporations Reasonable Compensation Requirement

July 8, 2022

Many S corporations ignore the requirement that each shareholder-employee must take reasonable compensation. This has been an issue for decades.

Managing Out-of-State Employees: How to Handle Payroll Taxes

July 6, 2022

Do you have employees living in different states from where your business is located? This can create additional challenges for you around payroll taxes.

2022 Q3 Tax Deadlines for Businesses and Other Employers

June 29, 2022

The Q3 tax deadlines are coming up fast. Are you ready? Here are some of the tax-related deadlines affecting businesses and other employers in Q3 2022.

The Standard Mileage Rate Is Increasing - Here’s What You Need to Know

June 24, 2022

The IRS is providing some relief for high gas prices.The agency announced an increase in the optional standard mileage rate.