Taxes – Page 20 – Fiducial Blog

The IRS Announced 2024 Amounts for Health Savings Accounts (HSAs)

May 26, 2023

The IRS recently released guidance providing the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs). Fiducial has all the news!

Take Advantage of the Rehabilitation Tax Credit

May 24, 2023

Does your business occupy substantial space and need to increase or move from that space? You should keep the rehabilitation tax credit in mind.

Do You Have a Mid-Year Tax Planning Checklist? Fiducial Does

May 22, 2023

All too often, taxpayers wait until after the close of the tax year to worry about their taxes. But, mid-year is the perfect time for tax planning.

Use the NOL Deduction to Make Business Losses Less Painful

May 19, 2023

Losses can happen in any business. The NOL deduction may soften the blow by allowing businesses to apply losses to offset taxable income in future years.

The Tax and Bookkeeping Challenges of the Freelancing

May 17, 2023

It seems like more and more employees are turning to freelance work. According to one recent study, there are now 73.3 million people freelancing in the US.

Looking for Quick Cash? Try to Avoid Retirement Early Withdrawals

May 15, 2023

Are You looking for quick cash? Your retirement savings may look tempting. However, early withdrawals can mean paying income tax and a 10% early-distribution tax.

Don’t Get Hit with IRS Underpayment Penalties

May 12, 2023

Under federal law, taxpayers must pay taxes during the year as they earn or receive income. If not, they can incur substantial underpayment penalties.

Tax Obligations to Consider When Closing Your Business

May 10, 2023

If you are closing your business, Fiducial can assist you. This includes taking care of the various tax responsibilities that must be met.