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Thinking about participating in your employer’s 401(k) plan? Here’s how it works

Thinking about participating in your employer’s 401(k) plan? Here’s how it works

If you’re fortunate to have an employer offering a 401(k) plan, you may wonder if you should participate. Here are the basic features of these plans.
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Fringe Benefit Implications of Employer-Provided Cell Phones

Fringe Benefit Implications of Employer-Provided Cell Phones

An increase in remote workers has created new issues for employers. Should they provide workers with cell phones or let them use personal phones for work..
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Using HRAs as Investment and Savings Vehicles

Using HRAs as Investment and Savings Vehicles

HRAs can be a tax-advantaged way for employees to get reimbursements for out-of-pocket costs. HRAs can also function as an investment and savings vehicle.
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How Long Should You Keep Old Tax Records?

How Long Should You Keep Old Tax Records?

This is a common question: How long must taxpayers keep copies of their income tax returns and supporting tax records? And Fiducial has your answer.
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The 2022 IRS Interest Rate Hike Went Live April 1st

The 2022 IRS Interest Rate Hike Went Live April 1st

Are you required to pay quarterly estimated income tax? Then, a recent interest rate hike imposed by the IRS may directly impact on you.
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Can’t Pay Your Taxes? Consider these Payment Options in Future

Can’t Pay Your Taxes? Consider these Payment Options in Future

Most taxpayers receive a refund when they file their tax returns. However, some end up owing. What should you do if you can't pay your taxes? Ask Fiducial.
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What Is Tax Basis and Why Is It So Important?

What Is Tax Basis and Why Is It So Important?

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.
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Good News! Fully Deduct Business Meals in 2021 and 2022

Good News! Fully Deduct Business Meals in 2021 and 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).
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Are COVID-19 Testing and Vaccination Programs Subject to ERISA?

Are COVID-19 Testing and Vaccination Programs Subject to ERISA?

Many employers may soon greenlight their full “return to office” plans.Some organizations are considering on-site COVID-19 testing and vaccinations
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Fiducial’s Guide to Forming a Joint Venture: What You Need to Know

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

Before agreeing to a joint venture, business owners must assess how to proceed. They must consider all aspects of the new organization's operations.
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The Smart Money Moves That a Gig Worker Needs to Make

The Smart Money Moves That a Gig Worker Needs to Make

Lucky enough to be a gig worker? Fiducial offers some of the smart money management moves that can make freelancing truly rewarding.
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Got a Side Hustle? The IRS is Cracking Down with Form 1099-K

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

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

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

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

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

Tax lingo can be confusing. Often taxpayers confuse the terms “tax deductions” and “tax credits.” Fiducial explains these terms for you below.
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Hobby or For-Profit Activity? The Answer Matters for Tax Purposes

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

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.
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Withdrawals From Closely Held Corporations at Minimum Tax Cost

Withdrawals From Closely Held Corporations at Minimum Tax Cost

Do you want to withdraw cash from your closely held corporation at a minimum tax cost? Fiducial can help! Read on for our top five tips!
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