Fiducial Blog – Page 43

Practice "Situational Awareness" When it Comes to Employees' Wages

February 21, 2020

The term “wages” includes more than just an employee’s allotted cash pay for work, what factors do you need to consider when formulating a wage?

Deducting the Costs of Modifications for Senior-Proofing a Home

February 19, 2020

If you are planning to make such home improvements, you may be wondering whether any of the costs will be tax-deductible.

Wayfair Revisited — It’s Time to Review Your Sales Tax Obligations

February 17, 2020

A state is constitutionally prohibited from taxing business activities unless those activities have a substantial “nexus,” or connection, with the state.

Pension Startup Credit for Employers Substantially Increased

February 14, 2020

Are you considering establishing a qualified pension plan for your business? You may be entitled to a pension startup credit for employers.

Filing Status Changes May Bring Unwelcome Surprises

February 12, 2020

Filing status changes because of a life event can have major ramifications. Marriage, divorce, separation or death of a spouse can change your tax status.

Higher Medical Deductions Allowed by Congress for 2019 and 2020

February 10, 2020

Medical deductions are an itemized deduction. However, they must exceed a percentage of a taxpayer’s adjusted gross income (AGI), which can change.

Small Business Owners May Qualify for a Home-Office Deduction

February 10, 2020

If you run your business from your home, you may qualify for a home-office deduction. This blog will show you your options.

How Can I Prove Financial Hardship to the IRS If I Can't Pay My Taxes?

February 7, 2020

It’s that time of year again, and you may sincerely wonder how you will pay your tax bill, explore payment or alternative plans with the IRS.

Tax Return Question: Are You Required to File a Tax Return?

February 5, 2020

There are times when individuals are REQUIRED to file a tax return. There are also times when it is to the individuals’ BENEFIT to file a return.

Understanding Tax Lingo

February 3, 2020

Ever tried to read an article or blog about a tax issue only…

How Will Tax-limit Increases Affect You and Your Business in 2020?

January 30, 2020

An array of tax-limit increases that affect businesses are annually indexed for inflation. Here are some of the tax-limit increases for 2020.

Cents-per-mile Rate for Business Miles Decreases Slightly for 2020

January 29, 2020

The cents-per-mile rate has decreased for 2020. How will this affect the way you calculate your vehicle-related deductions?

Marriage and Taxes: How saying 'I Do' Changes Things

January 29, 2020

Have you considered the ways marriage may affect your taxes? In this blog, Fiducial breaks down the pros and cons of filing status and more.

The SECURE Act is Making Big Changes to 401(k) Plans

January 29, 2020

In late 2019, Congress passed the SECURE Act. The biggest changes enacted by the law relate to 401(k) plans. Fiducial tells you how this law affects you.