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The Three Essential Elements of Taxable Wages Employers Need to Know cover

The Three Essential Elements of Taxable Wages Employers Need to Know

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 cover

Wonder What Tax Deductions Are Worth? Fiducial Has Answers

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? cover

Planning On Claiming the New Electric Vehicle Tax Credit?

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 cover

Annual Adjustments to Penalties for Health Benefits & Employer Plans

DOL announced 2023 annual adjustments to penalties for benefits-related violations. 2023 adjustments are effective for penalties assessed after 1/15/2023.
How the New SECURE 2.0 Law May Affect Your Business cover

How the New SECURE 2.0 Law May Affect Your Business

The Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0) recently became law. Provisions in the law will kick in over several years.
Fiducial Can Help You Start Off on the Right Foot for the 2023 Tax Year cover

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

Individuals and small businesses should consider various ways of starting off on the right foot for the 2023 tax year. Fiducial can help!
Business Cash Flow: What You Need to Know to Succeed cover

Business Cash Flow: What You Need to Know to Succeed

Cash flow is a term used to describe the money coming into and out of a business. Cash received would be inflow. Cash spent would be outflow.
Choosing a Business Entity? The Pros and Cons of a C Corporation cover

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

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.
The Most Important KPIs for E-Commerce Businesses cover

The Most Important KPIs for E-Commerce Businesses

Are you running an e-commerce business? The you need to leverage every tool at your disposal. Your platform's most important data tools are known as KPIs.
When Can You Dump Old Tax Records? Fiducial Has the Answer cover

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

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 cover

Many Tax Limits Affecting Businesses Have Increased for 2023

Many tax-related limits affecting businesses are indexed annually. Due to high inflation, many have increased more than usual for 2023.
What Do You Do If the IRS Wants to “Audit” Your Tax Return? cover

What Do You Do If the IRS Wants to “Audit” Your Tax Return?

The word “audit” tends to strike fear in the hearts of American taxpayers. However, the truth is that not every audit is a result of a problem.
Important Info for S-Corporation Shareholders & Partners of a Partnership cover

Important Info for S-Corporation Shareholders & Partners of a Partnership

There is an important issue related to filing the 2022 S-corporation and partnership tax returns. It requires the cooperation of shareholders and partners.
Tax-Deferred Investing: What You Need to Know cover

Tax-Deferred Investing: What You Need to Know

You need to know how various tax savings vehicles and income deferral opportunities function. Tax-deferred investing can be vital to your future.
Employers, Stay Mindful of Your Nonemployee Reporting Obligations cover

Employers, Stay Mindful of Your Nonemployee Reporting Obligations

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 cover

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

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.