Key 2024 Inflation-Adjusted Tax Parameters for Small Businesses and Their Owners cover

Key 2024 Inflation-Adjusted Tax Parameters for Small Businesses and Their Owners

Before you know it, 2024 will be here. The IRS recently announced inflation-adjusted amounts for next year that are relevant to small businesses.
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Last Minute 1099-K Reporting Threshold Change cover

Last Minute 1099-K Reporting Threshold Change

The IRS has announced a delay of the new $600 Form 1099-K reporting threshold for third-party settlement organizations for 2023.
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IRS Expands Requirement to E-File Information Returns Starting in 2024 cover

IRS Expands Requirement to E-File Information Returns Starting in 2024

The IRS issued a new e-filing mandate that will apply to information returns filed on or after January 1, 2024. Will you be required to e-file this year?
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The Social Security Wage Base for Employees and Self-Employed People Is Increasing in 2024 cover

The Social Security Wage Base for Employees and Self-Employed People Is Increasing in 2024

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase in 2024. Read more to learn about this update.
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Electric Vehicle Charging Taxes: A State-By-State Overview cover

Electric Vehicle Charging Taxes: A State-By-State Overview

The electric and hydrogen vehicle revolution is well underway and every state is dealing with taxes differently. Fiducial has the information you need here.
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IRS Provides Employers Way to Withdraw Dubious ERC Claims cover

IRS Provides Employers Way to Withdraw Dubious ERC Claims

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.
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Research Credit Available as a Payroll Tax Credit Doubled cover

Research Credit Available as a Payroll Tax Credit Doubled

The Inflation Reduction Act has a provision that could benefit small business startups. It could allow them to double the research and development credit.
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SECURE 2.0 Act: Should Your 401(k) Help Employees With Emergencies? cover

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

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