Tax Central – Page 25 – Fiducial Blog

Estimated Tax Payments: Everything You Need to Know

April 27, 2022

Are your withholding and tax credits much less than your projected tax liability? Estimated tax payments can protect you from underpayment penalties.

Stepped-up Basis: Inheritances Enjoy a Special Tax Benefit

April 23, 2022

You may have heard the term “Stepped-Up Basis.” But what does it mean? Fiducial breaks it down in relation to many common inheritance scenarios.

Fringe Benefit Implications of Employer-Provided Cell Phones

April 18, 2022

An increase in remote workers has created new issues for employers. Should they provide workers with cell phones or let them use personal phones for work..

How Long Should You Keep Old Tax Records?

April 15, 2022

This is a common question: How long must taxpayers keep copies of their income tax returns and supporting tax records? And Fiducial has your answer.

The 2022 IRS Interest Rate Hike Went Live April 1st

April 13, 2022

Are you required to pay quarterly estimated income tax? Then, a recent interest rate hike imposed by the IRS may directly impact on you.

What Is Tax Basis and Why Is It So Important?

April 9, 2022

The term “basis” refers to the monetary value used to measure a gain or loss. In this article, Fiducial explores tax basis in various circumstances.

Good News! Fully Deduct Business Meals in 2021 and 2022

April 8, 2022

The federal government is picking up the tab for certain business meals. The usual deduction for 50% of the cost of these meals doubled in 2022 (and 2021).

Fiducial’s Guide to Forming a Joint Venture: What You Need to Know

April 4, 2022

Before agreeing to a joint venture, business owners must assess how to proceed. They must consider all aspects of the new organization's operations.