Taxes – Page 23 – Fiducial Blog

Employers, Stay Mindful of Your Nonemployee Reporting Obligations

January 27, 2023

In today’s “gig economy,” you may have a some independent contractors rather than employees. Don't forget to fulfill your nonemployee reporting obligations.

Employers Should Be Wary of ERC Claims That Are Too Good to Be True

January 25, 2023

The ERC was a tax credit for employers that kept workers on staff during the pandemic. It is no longer available, but eligible employers can still claim it.

Looking Ahead to 2023 Taxes - Tax Changes Abound

January 23, 2023

Take a look at changes that will impact your 2023 tax return. Keeping up with changing tax laws can help get the most out of the laws and minimize taxes.

The IRS Achieves a 99% Conviction Rate - Say No to Tax Evasion

January 16, 2023

The IRS recently came out with its annual Enforcement Report. If you've ever considered tax evasion, the numbers are very firmly against you.

The Standard Business Mileage Rate Has Gone Up for 2023

January 13, 2023

The standard business mileage rate has gone up for 2023. The 2023 cents-per-mile rate for business use of a car/van/pickup or panel truck is 65.5 cents.

It’s that Time of Year: Your Annual Reminder to File Worker 1099s

January 11, 2023

This is our reminder to issue workers (non employees) a Form 1099-NEC after the end of the year. Provide 1099s for 2022 to workers by January 31, 2023.

How to Minimize the S Corporation LIFO Recapture Tax

January 9, 2023

Considering converting your C corporation to an S corporation? There may be tax implications if you’ve been using the LIFO inventory method.

2023 Q1 Tax Calendar: Key Tax Deadlines for Businesses and Employers

January 2, 2023

Here are some key tax-related deadlines for businesses and employers during Q1 2023. This list isn’t all-inclusive. There may be more deadlines for you.