Fiducial Blog – Page 25

The Work Opportunity Tax Credit (WOTC) Explained

December 3, 2021

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

December 2, 2021

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.

December 2, 2021

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

December 1, 2021

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

December 1, 2021

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

December 1, 2021

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

November 19, 2021

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.

Don't Have a Retirement Plan? Maybe an SEP Is the Answer

November 17, 2021

There are a number of retirement plans available, like Keogh plans and 401(k)s. But, Fiducial thinks a simplified employee pension plan (SEP) may be best.

Never Make These 9 Mistakes with Exempt Employees

November 15, 2021

The FLSA allows for exemptions from the overtime requirement for certain employees. To be considered "exempt," employees must generally satisfy three tests

Surviving a Business Audit with Audit Techniques Guides (ATGs)

November 12, 2021

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).”

Shed Light on Your Organization’s Future With a Shadow Board

November 10, 2021

To keep up with change, many employers are forming a shadow board. These groups of advisors can shed light on your organization’s best future.

The Importance of a Well-Oiled Accounting Function

November 8, 2021

It’s natural for management to focus on its profit-making areas. However, the importance of a sound accounting foundation cannot be overemphasized.

Higher Capital Gain Rates Brings Interest in Opportunity Zone Funds

November 5, 2021

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.