Taxes – Page 24 – Fiducial Blog

The Three Essential Elements of Taxable Wages Employers Need to Know

March 1, 2023

Employers are generally responsible and liable for applying payroll taxes to payments for taxable wages. FICA and FITW are separate employment tax regimes.

Wonder What Tax Deductions Are Worth? Fiducial Has Answers

February 27, 2023

Individuals are always looking for tax deductions that can reduce their tax liability. But what actual tax benefit can you derive from a tax deduction?

Planning On Claiming the New Electric Vehicle Tax Credit?

February 24, 2023

The tax credit for purchasing a new electric vehicle can still be as much as $7,500. However, Congress added new qualifications for vehicles to qualify.

Annual Adjustments to Penalties for Health Benefits & Employer Plans

February 22, 2023

DOL announced 2023 annual adjustments to penalties for benefits-related violations. 2023 adjustments are effective for penalties assessed after 1/15/2023.

Fiducial Can Help You Start Off on the Right Foot for the 2023 Tax Year

February 17, 2023

Individuals and small businesses should consider various ways of starting off on the right foot for the 2023 tax year. Fiducial can help!

Choosing a Business Entity? The Pros and Cons of a C Corporation

February 13, 2023

Wondering which form of business is most suitable fr you? Here is a summary of the major advantages and disadvantages of doing business as a C corporation.

When Can You Dump Old Tax Records? Fiducial Has the Answer

February 8, 2023

Taxpayers often question how long they should keep old tax records. How much time does the IRS have to audit a return after you file? That depends.

Many Tax Limits Affecting Businesses Have Increased for 2023

February 6, 2023

Many tax-related limits affecting businesses are indexed annually. Due to high inflation, many have increased more than usual for 2023.