Tax Changes – Page 3 – Fiducial Blog

IRS Provides Employers Way to Withdraw Dubious ERC Claims

November 1, 2023

Many businesses have fallen victim to aggressive marketing of the ERC resulting in ineligible claims. The IRS is providing employers a way to withdraw those claims.

Research Credit Available as a Payroll Tax Credit Doubled

September 20, 2023

The Inflation Reduction Act has a provision that could benefit small business startups. It could allow them to double the research and development credit.

SECURE 2.0 Act: Should Your 401(k) Help Employees With Emergencies?

September 6, 2023

SECURE 2.0 Act kicks in next year which may allow businesses to help employees in financial emergencies through their 401(k)s.

Planning for Your Retirement – New Wrinkles from the SECURE 2.0 Act

August 30, 2023

To encourage more Americans to save for retirement, Congress designed the SECURE Act 2.0. Some of these changes could impact your retirement plan strategy.

Tax Filing Status Change This Year? Look Out for Surprises at Tax Time

August 28, 2023

A tax filing status change because of a life event such as marriage or divorce often blindsides taxpayers. Consider tax ramifications to avoid surprises.

What Will Happen When TCJA Tax Changes Sunset in 2025?

August 23, 2023

Most of the tax changes made by TCJA will expire after 2025. This will impact long range tax planning and result in a mixed bag of tax increases and cuts.

Is Hobby Income Taxable? Are Hobby Losses Deductible?

August 14, 2023

Involved in a hobby that you not only enjoy but that produces income? If so, you should know how hobby income and expenses are treated for tax purposes.

Employer-Offered Benefits That Can Save You Money and Taxes

July 21, 2023

Tax law includes tax and financial benefits that employers can offer to employees. If your employer offers these benefits, consider taking advantage.