Navigating Taxation and Withholding Requirements for Non-Resident Aliens
As businesses expand their operations, understanding nonresidents' taxation and withholding requirements is crucial for both the nonresident and employer.
Major Tax Sunset of TCJA Provisions on the Horizon
In late 2017, Congress passed the Tax Cuts & Jobs Act (TCJA) which made enormous changes to income tax laws. There is a major sunset of these provisions on the horizon.
New Final Rule on Independent Contractors Takes Effect in March
Employers, have you heard the latest issued by the DOL on how to legally differentiate independent contractors from actual employees?
New For 2024: Business Beneficial Ownership Reporting
The passing of the Corporate Transparency Act (CTA) has introduced new Beneficial Ownership Information (BOI) reporting requirements for businesses.
IRS Disallowing 20,000 Employee Retention Tax Credit (ERTC) Claims
In an ongoing effort to combat questionable Employee Retention Tax Credit (ERTC) claims, the IRS has sent more than 20,000 letters advising taxpayers that the agency is disallowing their claims.
IRS Restarts Collection Notices But Adds Penalty Relief
Explore the latest IRS penalty relief measures, offering a lifeline to millions facing back taxes. Fiducial has the details you need to know.
2024 Limits and Thresholds for Qualified Retirement Plans
Employers: The IRS recently issued 2024 inflation adjustments for many types of qualified retirement plans. Be sure to read up on the latest amounts.