Costs

Taking Your Spouse on a Business Trip? Can You Write off the Costs?

The rules for deducting a spouse’s travel costs are very restrictive for small business owners. Here’s a rundown of what businesses can and can’t write off for tax purposes.
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What Income Is Taxable?

This article explores some of the commonly encountered situations that could have unexpected results when answering the question; "What income is Taxable?".
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Tax Records

How Long Should You Keep Old Tax Records?

This is a common question: How long must taxpayers keep copies of their income tax returns and supporting tax records? And Fiducial has your answer.
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Better Tax Break When Applying the Research Credit Against Payroll Taxes

Learn about how you may be eligible for a payroll tax credit election with little to no income tax liability.
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Saver's Credit Can Help You Save for Retirement

Low/moderate-income workers can take steps to save for retirement and earn a special tax credit. Read more about saver's credit.
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Ways to Deduct Health Insurance

Health insurance premiums have risen dramatically and are one of the largest expenses that most individuals pay. Learn what is treated as deductible health insurance.
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What’s the Best Accounting Method Route for Business Tax Purposes?

Many businesses have a choice of using cash or accrual accounting for tax purposes. If you’re one of them, which route should you take? Here are the rules.
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tcja

Major Tax Sunset of TCJA Provisions on the Horizon

In late 2017, Congress passed the Tax Cuts & Jobs Act (TCJA) which made enormous changes to income tax laws. There is a major sunset of these provisions on the horizon.
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