Fiducial Blog – Page 15

Are You Missing Out on the Increased Child Tax Credit?

November 16, 2022

Included in ARPA was a one-year enhancement of the child tax credit for 2021 only. The law boosted the credit from $2,000 to $3,000 for children aged 6 -17.

Stay on the Lookout for Presenteeism and Learn How to Avoid It

November 14, 2022

Employers should beware of presenteeism. Someone who repeatedly shows up unwell will accomplish less, produce substandard work, and cause other problems.

What Local Transportation Costs Can Your Business Deduct?

November 11, 2022

You and your small business are likely to incur a variety of local transportation costs each year. There are various tax implications for these expenses.

Everything You Need to Know About Starting a Business

November 9, 2022

Coming up with an idea for a starting a new business, however, is one thing. Actually becoming a successful business owner is something else entirely.

Best Practices for Avoiding Cash Flow Problems with Your Business

November 7, 2022

What are some of the biggest issues that plague small business owners on a regular basis? Cash flow problems would undoubtedly be right at the top.

Three Tax Breaks Every Small Business Should Know About

November 4, 2022

Sometimes, bigger isn’t better. Your small- or medium-sized business may be eligible for some tax breaks not available to larger businesses.

Why You May Receive an IRS Form 1099-K This Year

November 2, 2022

Effective for 2022 and beyond, Congress reduced the threshold for the Form 1099-K filing requirement. Fiducial explores the ways taxpayers can be affected.

The Inflation Reduction Act Gives the Solar Tax Credit New Life

October 28, 2022

The Inflation Reduction Act gives new life to the federal solar tax credit. It also provides guidelines allowing batteries to also qualify for the credit.

The New Home Energy Improvement Credit Is Bigger and Better

October 26, 2022

A tax credit for making energy-saving improvements to a home isn't new. However, the Inflation Reduction Act enhanced the home energy improvement credit.

Electric Vehicle Credit Undergoes Major Overhaul

October 24, 2022

Recently, the Inflation Reduction Act of 2022 was passed. With it, the electric vehicle credit has undergone some major changes.

IRS News Regarding Employer Reversion and Spinoff/Termination

October 21, 2022

What happens when a qualified retirement plan terminates with surplus funds? Employer reversion. And the IRS has specific rules governing this process.

Worried About an IRS Audit? Advanced Preparation is Key

October 19, 2022

IRS audit rates are historically low, but that’s little consolation if your return is chosen. With proper preparation and planning, you should fare well.

Calling All Employers: A Quick Refresher on Employment Taxes

October 17, 2022

What are the requirements for employers regarding federal employment taxes? It’s not a bad idea to occasionally review the basics of employment taxes.

SBA Disaster Loans: Loans Available After Hurricanes Fiona & Ian

October 14, 2022

In response to the devastation of Hurricanes Fiona in Puerto Rico and Ian in Florida, SBA (The U.S. Small Business Administration) Disaster Loans are now available.