The tax code offers two IRA types. Fiducial has a primer on both kinds of IRAs. Learn their pros and cons, and how to choose the one that’s right for you.
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If you own a business, you may be eligible to take the QBI deduction. We sometimes refer to this as the pass-through deduction or Section 199A deduction.
https://blog.fiducial.com/wp-content/uploads/2020/12/FiducialBlogImage--QBIDeduction_a37d6b05827cdd5307153f63f6dd3807_2000.jpg292560Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2020-12-23 14:01:052020-12-23 14:01:05QBI Deduction Basics and a Year-End Tax Tip that Might Help You Qualify
It’s time to think about whether your business needs to buy depreciable property. You may benefit from the depreciation tax deduction for business property.
This mortgage insurance premium deduction has been retroactively extended back to 2018 and through 2020. Consider amending your 2018 return for a refund.
https://blog.fiducial.com/wp-content/uploads/2020/12/FiducialBlogImage--ComputerSoftwareCostsandTaxes_161024b3d5836ce5f678cecae67b9f5a_2000.png788940Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2020-12-16 14:00:152020-12-16 14:00:15Tax Rules for Deducting the Computer Software Costs of Your Business
https://blog.fiducial.com/wp-content/uploads/2020/12/FiducialBlogImage--Form941-X_f701dd889fbe31a26ff618a8c779409a_2000.png788940Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2020-12-11 14:00:232020-12-11 14:00:23IRS Releases Final Version of Form 941-X Related to COVID-19 Relief
Employers often give employees holiday gifts. If a gift is a de minimis fringe benefit, it is tax-free to employees and tax deductible by the employer.
https://blog.fiducial.com/wp-content/uploads/2020/12/FiducialBlogImage--HolidayGiftstoEmployees_db5fbb6797ad82084cd708d59bf6d7bb_2000.png788940Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2020-12-10 14:01:062020-12-10 14:01:06Employee Holiday Gifts May Be Taxable--What Employers Need to Know