Take a look at changes that will impact your 2023 tax return. Keeping up with changing tax laws can help get the most out of the laws and minimize taxes.
The standard business mileage rate has gone up for 2023. The 2023 cents-per-mile rate for business use of a car/van/pickup or panel truck is 65.5 cents.
https://blog.fiducial.com/wp-content/uploads/2023/01/FiducialBlogImage--StandardBusinessMileageRate_c4107497e843a81385b57f568ff7ea7b_2000.jpg292560Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2023-01-13 14:01:052023-02-03 21:32:17The Standard Business Mileage Rate Has Gone Up for 2023
The IRS released the 2023 cost-of-living adjustments (COLAs). These apply to a variety of tax-related limits applicable to many popular fringe benefits.
https://blog.fiducial.com/wp-content/uploads/2022/12/FiducialBlogImage--COLAs_2cded6510c9cb52374fcdb90b8a43755_2000.jpg788940Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2022-12-23 14:00:402022-12-23 14:00:40Popping Open Some Fringe Benefit COLAs for 2023
The ERTC provides refundable tax credits to employers that kept workers on payroll during the pandemic. This is a credit against the employer payroll taxes.
It's been a rough Fall for the stock market. You should review your portfolio and other capital transactions to minimize gains or maximize losses this year.
https://blog.fiducial.com/wp-content/uploads/2022/12/FiducialBlogImage--CapitalGainsandLosses2022_236cbb31259cee6ea241f646cd7d72ea_2000.png788940Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2022-12-19 14:00:292022-12-19 14:00:29Managing Capital Gains and Losses in a Turbulent Year
https://blog.fiducial.com/wp-content/uploads/2022/12/FiducialBlogImage--EndofYearGiving_4278d44c53357c783762da861112c81c_2000.png788940Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2022-12-16 14:00:422022-12-16 14:00:42Fiducial’s Holiday List for Year-End Gifts with Tax Benefits
Year-end is approaching as are the holidays. Before the seasonal celebrations, consider year-end tax planning moves to benefit you for both 2022 and 2023.
https://blog.fiducial.com/wp-content/uploads/2022/12/FiducialBlogImage--TaxPlanning12_5_22_13740f53f11eaa012b1d6d28eaa82a2c_2000.png788940Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2022-12-14 14:00:332022-12-14 14:00:33Tax Planning Issues You Should Consider at Year-End
https://blog.fiducial.com/wp-content/uploads/2022/12/FiducialBlogImage--BusinessWebsiteCosts1_301a921d31fab560eba5e0275c37af55_2000.jpg292560Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2022-12-12 14:00:262022-12-12 14:00:26How to Treat Business Website Costs for Tax Purposes