Businesses with Employees Receiving Tips May Be Eligible for Tax Credit
Are you an employer with a business where tipping is customary for providing food and beverages? Then you may qualify for a federal tax credit.
Retroactive Termination of the Employee Retention Credit
Did you claim the employee retention credit in the Q4 2021? Congress has adopted a retroactive change affecting the ERC for the Q4 2021.
The Standard Business Mileage Rate Increased for 2022!
The standard business mileage rate went up! The rate used to calculate the deductible cost of operating an automobile for business grew by 2.5 cents/mile.
Hit With a Tax Penalty? Here Are a Few to Watch Out For
Most taxpayers don’t intentionally incur a tax penalty. Fiducial looks at some of the more commonly encountered penalties and how they may be avoided.
Need a New Business Vehicle? Consider a Heavy SUV
Considering buying or replacing a vehicle for use in your business? If you choose an SUV, you may benefit from lucrative tax rules.
10 Tax Strategies to Consider Before the End of 2021
The holiday season is almost upon us, and the 2021 tax preparation season will soon follow. Now is the time to take advantage tax-saving strategies.
Should You Deduct Your Business Start-Up Expenses?
Are you a new business owner? You may be helped by a tax provision allowing you to deduct start-up expenses and organizational costs.