Tax Central – Page 3 – Fiducial Blog

Highlights of Next Year’s Fringe Benefit COLAs

December 29, 2023

Employers: Are you up to speed on the recently issued 2024 cost-of-living adjustments for many popular fringe benefits? Here are some of the latest amounts.

Last Minute 1099-K Reporting Threshold Change

December 20, 2023

The IRS has announced a delay of the new $600 Form 1099-K reporting threshold for third-party settlement organizations for 2023.

IRS Expands Requirement to E-File Information Returns Starting in 2024

December 18, 2023

The IRS issued a new e-filing mandate that will apply to information returns filed on or after January 1, 2024. Will you be required to e-file this year?

Taxes and Holiday Gift Giving Guide

December 15, 2023

The holiday season is customarily a time of giving gifts. Some gifts have tax implications and some can even provide tax benefits. Fiducial has your holiday gift-giving guide for this year.

Employers, Don't Miss Out on the Work Opportunity Tax Credit

December 13, 2023

Have you considered the Work Opportunity Tax Credit (WOTC)? The WOTC allows employers willing to help disadvantaged individuals to benefit from a substantial federal tax credit.

A Cost Segregation Study May Cut Taxes and Boost Cash Flow

December 8, 2023

Do you know what a cost segregation study is? If right for your business, it may help accelerate depreciation deductions on your enterprise's building.

Divorcing Business Owners Should Pay Attention to the Tax Consequences

December 6, 2023

If you’re getting a divorce, you know the process is generally filled with stress. But if you’re a business owner, tax issues can complicate matters even more.

There Still May Be Time to Reduce Your Small Business 2023 Tax Bill

December 1, 2023

The holiday whirlwind has begun. There may be ways your small business can save on your 2023 tax bill. You must act fast to take advantage.