The IRS Plans on Targeting Abusive ERTC Claims cover

The IRS Plans on Targeting Abusive ERTC Claims

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.
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Managing Capital Gains and Losses in a Turbulent Year cover

Managing Capital Gains and Losses in a Turbulent Year

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.
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Fiducial’s Holiday List for Year-End Gifts with Tax Benefits cover

Fiducial’s Holiday List for Year-End Gifts with Tax Benefits

Did you know that some gifts provide a variety of tax benefits? Fiducial recommends taking advantage of year-end gifts before it’s too late!
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Tax Planning Issues You Should Consider at Year-End cover

Tax Planning Issues You Should Consider at Year-End

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.
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How to Treat Business Website Costs for Tax Purposes

How to Treat Business Website Costs for Tax Purposes

These days, most businesses have websites. But surprisingly, the IRS hasn’t issued formal guidance on when business website costs can be deducted.
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End of Year Reminder: Time is Running Out to Take Your 2022 RMD

End of Year Reminder: Time is Running Out to Take Your 2022 RMD

An RMD is a required taxable distribution from a qualified retirement plan. Often associated with traditional IRAs, they also apply to 401(k)s and SEP IRAs.
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Employers: In 2023, the Social Security Wage Base Is Going Up

Employers: In 2023, the Social Security Wage Base Is Going Up

The Social Security Administration announced an increase in the Social Security wage base. It will increase to $160,200 in 2023 (up from $147,000 for 2022).
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Research Credit Potentially Doubled by the Inflation Reduction Act

Research Credit Potentially Doubled by the Inflation Reduction Act

The Inflation Reduction Act could benefit small business startups. They can potentially double the amount of their research and development tax credit.
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