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Need a New Business Vehicle? Consider a Heavy SUV

Need a New Business Vehicle? Consider a Heavy SUV

Considering buying or replacing a vehicle for use in your business? If you choose an SUV, you may benefit from lucrative tax rules.
End of Year Is Almost Here! Are You a Candidate for Bunching?

End of Year Is Almost Here! Are You a Candidate for Bunching?

Are your itemized deductions typically roughly equal to the standard deduction amount? Then you may be a good candidate for using the bunching strategy.
10 Tax Strategies to Consider Before the End of 2021

10 Tax Strategies to Consider Before the End of 2021

The holiday season is almost upon us, and the 2021 tax preparation season will soon follow. Now is the time to take advantage tax-saving strategies.
5 Ways to Strengthen the Relationship Between Leadership and Staff

5 Ways to Strengthen the Relationship Between Leadership and Staff

Every employer needs to establish a strong connection between leadership and staff. Fiducial has five ways to strengthen the bond between leaders and staff.
Possible Tax Consequences of Guaranteeing a Loan to Your Corporation

Possible Tax Consequences of Guaranteeing a Loan to Your Corporation

If your corporation defaults on a loan that you guarantee, you don’t want to be blindsided by the tax implications. Here is what you need to know.
Household Employee or Contractor? Fiducial Explains the Difference

Household Employee or Contractor? Fiducial Explains the Difference

The IRS requires employers to withhold taxes for employees and issue them W-2s. So, what is the difference between a household employee and a contractor?
IRS Information Letters Share Helpful Details on HDHPs + HSAs

IRS Information Letters Share Helpful Details on HDHPs + HSAs

Does your organization offer employees an HDHP and an HSA? If so, two recent IRS information letters provide insight into some finer points of plan administration.
Should You Deduct Your Business Start-Up Expenses?

Should You Deduct Your Business Start-Up Expenses?

Are you a new business owner? You may be helped by a tax provision allowing you to deduct start-up expenses and organizational costs.
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?

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.

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.

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.

4 Key Questions About Employer-Mandated COVID-19 Vaccinations

Is your organization subject to the new OSHA rule requiring employee COVID-19 vaccination or submission of weekly testing? Fiducial has the key details here.

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.

EEOC Updates Guidance on Employer COVID-19 Vaccine Incentives

The EEOC has updated its guidance on whether employers are limited in how they can incentivize employees to get vaccinated against COVID-19. Fiducial has the details here.
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.