Form W-2 or 1099-NEC? Employees vs. Independent Contractors

Form W-2 or 1099-NEC? Employees vs. Independent Contractors

You’ll need to decide whether to use a W-2 or a 1099-NEC to report each worker's wages. How you categorize the relationship between a worker and a business?
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The Work Opportunity Tax Credit (WOTC) Explained

You may be able to claim a Work Opportunity Tax Credit (WOTC). This is an income tax credit, unlike pandemic-related credits on employment taxes.
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EINs: Change Contact and Responsible Party Information in 60 Days

The IRS is reminding entities with EINs to update information. IRS regulations require EIN holders to update responsible party information within 60 days.
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Considering Married Filing Separately Status? Better Read This.

Married taxpayers have 2 options when filing their 1040 or 1040-SR taxes. Fiducial has some of the issues related to filing as married filing separately.
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Tax Strategizing Now May Be Wise as New Tax Proposals Loom

Tax Strategizing Now May Be Wise as New Tax Proposals Loom

Fiducial has a list of potential tax strategies that may benefit you. Every taxpayer’s situation is unique; not all of these strategies will apply to you.
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Surviving a Business Audit with Audit Techniques Guides (ATGs)

Surviving a Business Audit with Audit Techniques Guides (ATGs)

To prepare for a business audit, the IRS researches the industry & issues on the taxpayer’s return. Examiners may use IRS “Audit Techniques Guides (ATGs).”
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Higher Capital Gain Rates Brings Interest in Opportunity Zone Funds

Higher Capital Gain Rates Brings Interest in Opportunity Zone Funds

The "Green Book" outlines the Biden administration’s tax proposals. One of the proposals in the Green Book is to increase the long-term capital gain rates.
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Employers: The Social Security Wage Base Is Increasing in 2022

Employers: The Social Security Wage Base Is Increasing in 2022

The Social Security Administration announced that the wage base for computing Social Security tax will increase for 2022. How will this affect you?
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