Tax Changes – Page 9 – Fiducial Blog

IRS News Regarding Employer Reversion and Spinoff/Termination

October 21, 2022

What happens when a qualified retirement plan terminates with surplus funds? Employer reversion. And the IRS has specific rules governing this process.

Should There Be New Tax Rules for Telecommuters?

October 10, 2022

Employers and employees enjoy being telecommuters - even post-pandemic. Should the IRS update the tax rules re: the deductibility of travel expenses?

Inflation Reduction Act Provisions of Interest to Small Businesses

October 3, 2022

The Inflation Reduction Act (IRA) was signed into law by President Biden on August 16. It contains provisions that provide tax relief for small businesses

Reel in Job Candidates with a Relocation Package

September 28, 2022

Competition among employers for many types of employees remains fierce. You may have to offer a financial incentive like a relocation package.

What Does the Inflation Reduction Act Mean to You?

September 21, 2022

On August 16, 2022, President Biden signed into law the Inflation Reduction Act of 2022. Fiducial explores how this act will impact individual taxpayers.

Employers: How “Affordable” Will Your Health Care Coverage Be in 2023?

September 9, 2022

The IRS announced an important indexing adjustment related to the ACA. Will health care coverage you offer employees be considered “affordable” next year?

Is Your Will or Trust Up to Date? Estate Planning Is an Ongoing Process

August 24, 2022

Did you do your estate planning some time ago before the passage of substantial tax law changes? Then your documents may be out of date.

S Corporations Reasonable Compensation Requirement

July 8, 2022

Many S corporations ignore the requirement that each shareholder-employee must take reasonable compensation. This has been an issue for decades.