Health insurance premiums, especially in the wake of the ACA, have risen dramatically. They constitute one of the greatest expenses most individuals pay.
https://blog.fiducial.com/wp-content/uploads/2020/12/FiducialBlogImage--HealthInsuranceDeductions_2a9aba278225e6f510df3c83f65c9acb_2000.png788940Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2020-12-09 14:00:192020-12-09 14:00:19There is More to Deducting Health Insurance than Meets the Eye
If you are a small business owner, every penny counts. So, you not only want to optimize your revenue but also minimize your expenses and your tax liability
https://blog.fiducial.com/wp-content/uploads/2020/12/FiducialBlogImage--SmallBusinessTaxPlanning_8b13b06bfeb9937899082bd28c91f936_2000.png788940Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2020-12-04 14:00:252020-12-04 14:00:25Preparing for 2021: Tax Planning Strategies for Small Business Owners
The solar credit is fading away. After being 30% of the cost for many years through 2019, the credit drops to 26% in 2020. In 2021, it drops again to 22%.
https://blog.fiducial.com/wp-content/uploads/2020/12/FiducialBlogImage--SolarTaxCreditsAreSunsetting_ec74164aa5eb85ea9669ccc41d4e45f9_2000.png788940Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2020-12-02 14:00:172020-12-02 14:00:17The Solar Credit is Sunsetting Soon--Should You Take Advantage Now?
The business use of websites is widespread. However, the IRS hasn’t yet issued formal guidance on when Internet business website costs can be deducted.
https://blog.fiducial.com/wp-content/uploads/2020/11/FiducialBlogImage--BusinessWebsiteCosts_8d913e698fe7347a3c022e1b4067147b_2000.jpg292560Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2020-11-30 14:00:142020-11-30 14:00:14Business website costs: How to handle them for tax purposes
Small business owners know the increasing cost of employee health care benefits. Employer-sponsored HSAs may provide some of these benefits and save money.
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Some workers are receiving unemployment benefits for the first time. They may not know that the benefits are taxable for federal purposes & in some states.
2020 has more than the usual tax-planning opportunities. Schedule a tax-planning appointment before year-end to enjoy tax benefits and strategies for 2020.
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Many employees have suffered financial hardships due to the COVID-19 pandemic. In response, employers may consider disaster relief as a fringe benefit.