What Does the Inflation Reduction Act Mean to You?
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?
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
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 Then your documents may be out of date.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
Many S corporations ignore the requirement that each shareholder-employee must take reasonable compensation. This has been an issue for decades.
Managing Out-of-State Employees: How to Handle Payroll Taxes
Do you have employees living in different states from where your business is located? This can create additional challenges for you around payroll taxes.
The Standard Mileage Rate Is Increasing - Here’s What You Need to Know
The IRS is providing some relief for high gas prices.The agency announced an increase in the optional standard mileage rate.
Businesses: Prepare for the Lower 1099-K Filing Threshold
In 2022, the threshold has dropped significantly for the filing of Form 1099-K. Businesses & workers in certain industries may receive more of these forms.