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

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

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

Never Make These 9 Mistakes with Exempt Employees

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)

Surviving a Business Audit with Audit Techniques Guides (ATGs)

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

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

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

The Importance of a Well-Oiled Accounting Function

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

Higher Capital Gain Rates Brings Interest in Opportunity Zone Funds

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.
Employers: The Social Security Wage Base Is Increasing in 2022

Employers: The Social Security Wage Base Is Increasing in 2022

The Social Security Administration announced that the wage base for computing Social Security tax will increase for 2022. How will this affect you?
The IRS Backlog Is Causing Taxpayer Heartburn

The IRS Backlog Is Causing Taxpayer Heartburn

COVID-19 brought about a perfect storm of delays for the IRS. It has been a rough couple of years, and it is taking a long time for them to catch up.
IRS Provides Guidance on ARPA Changes to Pension Plans

IRS Provides Guidance on ARPA Changes to Pension Plans

The IRS provided guidance on changes made by the ARPA regarding pension plans. The guidance also addresses the funding-based limits on benefits.