Taxes – Page 36 – Fiducial Blog

What Is Tax Basis and Why Is It So Important?

April 9, 2022

The term “basis” refers to the monetary value used to measure a gain or loss. In this article, Fiducial explores tax basis in various circumstances.

Good News! Fully Deduct Business Meals in 2021 and 2022

April 8, 2022

The federal government is picking up the tab for certain business meals. The usual deduction for 50% of the cost of these meals doubled in 2022 (and 2021).

Fiducial’s Guide to Forming a Joint Venture: What You Need to Know

April 4, 2022

Before agreeing to a joint venture, business owners must assess how to proceed. They must consider all aspects of the new organization's operations.

The Smart Money Moves That a Gig Worker Needs to Make

April 2, 2022

Lucky enough to be a gig worker? Fiducial offers some of the smart money management moves that can make freelancing truly rewarding.

Got a Side Hustle? The IRS is Cracking Down with Form 1099-K

April 1, 2022

Got a Side Hustle? The IRS is cracking down with Form 1099-K. The ARPA of 2021 included a provision to reduce the reporting threshold to $600.

Don’t Think You Have to File a Tax Return? You May Be Missing Out!

March 30, 2022

The government uses your tax return for more than just collecting taxes. Fiducial wants you to know the reasons and benefits available when you file.

Do Tax Deductions and Tax Credits Result in the Same Tax Benefit?

March 28, 2022

Tax lingo can be confusing. Often taxpayers confuse the terms “tax deductions” and “tax credits.” Fiducial explains these terms for you below.

Hobby or For-Profit Activity? The Answer Matters for Tax Purposes

March 26, 2022

If you are engaged in an activity that produces income, we have a question for you. Is the activity a hobby or a business? Much hinges on the answer.