How Can Eldercare Qualify as a Medical Deduction?

How Can Eldercare Qualify as a Medical Deduction?

The cost of eldercare may qualify for a deduction as a medical expense. But as with anything tax-related, there are many factors to consider.
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How Biden's Proposed American Families Plan Might Affect You

How Biden's Proposed American Families Plan Might Affect You

President Biden presented his American Families Plan (AFP) during his Joint Session of Congress address. Fiducial has an overview of what is in the plan.
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Tax Consequences of Owning a Short-Term Rental Property

Tax Consequences of Owning a Short-Term Rental Property

Many taxpayers rent out their first or second homes without considering tax consequences. If you own a short-term rental, know the tax rules that may apply.
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Tax Refund Offset Taking Your Tax Refund? Find Out Why

Tax Refund Offset Taking Your Tax Refund? Find Out Why

Thought you'd receive a tax refund, but it never arrived? It may have been submitted for tax refund offset by an agency of the federal or state government.
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Traveling for Business? What Business Travel Deductions Are Available?

Traveling for Business? What Business Travel Deductions Are Available?

As we emerge from the pandemic, business travel is beginning again. Under tax law, a number of rules exist for business travel deductions (within the US).
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Eligible Businesses: Claim the Employee Retention Tax Credit (ERTC)

Eligible Businesses: Claim the Employee Retention Tax Credit (ERTC)

The Employee Retention Tax Credit (ERTC) is a valuable tax break. It was extended and modified by the (ARPA) in March, 2021. Here’s a rundown of the rules.
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Providing Educational Assistance to Employees? Follow These Rules

Providing Educational Assistance to Employees? Follow These Rules

Many businesses provide education fringe benefits to their employees. Do you need information about providing educational assistance to your employees?
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An S Corporation Could Cut Your Self-Employment Tax

An S Corporation Could Cut Your Self-Employment Tax

Is your business a sole proprietorship or LLC? Then, you’re subject to income and self-employment tax. Forming an S corporation could lower your tax bill.
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