Taxes – Page 13 – Fiducial Blog

Research Credit Available as a Payroll Tax Credit Doubled

September 20, 2023

The Inflation Reduction Act has a provision that could benefit small business startups. It could allow them to double the research and development credit.

Update on Business Asset Depreciation

September 18, 2023

Inflation can have some beneficial side effects. One is that the amount of depreciation tax breaks your business can claim has increased for 2023.

Would “Interest Crediting” Help Boost Participation in Your Organization’s HRA?

September 13, 2023

Employers offering employees the option to invest in an HRA may be able to enhance this benefit by adding an “interest crediting” feature to their plans.

6 Common Tax Mistakes That Can Land You in Trouble with the IRS

September 11, 2023

Some common tax mistakes are more than just a small problem. They could actually land you in trouble with the IRS if you're not careful.

SECURE 2.0 Act: Should Your 401(k) Help Employees With Emergencies?

September 6, 2023

SECURE 2.0 Act kicks in next year which may allow businesses to help employees in financial emergencies through their 401(k)s.

Guaranteeing a Loan to Your Corporation? There May be Tax Implications

September 1, 2023

If your corporation defaults on a loan that you guarantee, there may be tax consequences. You don’t want to be caught unaware.

Planning for Your Retirement – New Wrinkles from the SECURE 2.0 Act

August 30, 2023

To encourage more Americans to save for retirement, Congress designed the SECURE Act 2.0. Some of these changes could impact your retirement plan strategy.

Tax Filing Status Change This Year? Look Out for Surprises at Tax Time

August 28, 2023

A tax filing status change because of a life event such as marriage or divorce often blindsides taxpayers. Consider tax ramifications to avoid surprises.