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.
How IRS Auditors Learn About Your Business Industry
IRS examiners use publications called Audit Techniques Guides to prepare for audits in certain industries. Learn how you can those publications too.
Spouse-Run Businesses Face Special Tax Issues
Do you and your spouse together operate a profitable unincorporated small business? Here’s a look at some of the tax issues they may face.
Tax Filing Extension Deadline Is October 16, 2023
If you haven't filed your 2022 tax return and requested an extension, that extension expires on October 16th. Failure to file before this deadline can subject you to late-filing penalties.
What Types of Expenses Can’t Be Written Off by Your Business?
For business expenses to be deductible, expenses must be considered ordinary, necessary, and reasonable. Fiducial breaks down what is and isn't deductible.
Business Entity Types to Consider When Starting a Business
When you start a business, there are several possible business entity types you should consider. Each business entity choice has its own pros and cons.
The Partner Employee Issue
Have an employee partner problem? Tax regulations issued by the IRS take aim at the partner employee practice and are working to put a stop to it.