Fiducial Blog – Page 5

Tax-Favored Qualified Small Business Corporation Status Could Help You Thrive

February 16, 2024

There are two strong incentives for eligible small businesses to operate as a special type of entity. Learn how a Qualified Small Business Corporation (QSBC) may work for your entity.

New Final Rule on Independent Contractors Takes Effect in March

February 12, 2024

Employers, have you heard the latest issued by the DOL on how to legally differentiate independent contractors from actual employees?

New For 2024: Business Beneficial Ownership Reporting

February 9, 2024

The passing of the Corporate Transparency Act (CTA) has introduced new Beneficial Ownership Information (BOI) reporting requirements for businesses.

Your Tax Documents Should Be Arriving Soon

February 7, 2024

Your tax documents should be arriving to you soon! Fiducial has the rundown of the most frequently used documents.

IRS Disallowing 20,000 Employee Retention Tax Credit (ERTC) Claims

January 30, 2024

In an ongoing effort to combat questionable Employee Retention Tax Credit (ERTC) claims, the IRS has sent more than 20,000 letters advising taxpayers that the agency is disallowing their claims.

Do You Have Employees Who Receive Tips? You May Qualify for a Tax Credit

January 29, 2024

If you’re a restaurant owner with employees receiving tips, you may qualify for a lucrative tax break. Fiducial has the details you need to know.

IRS Restarts Collection Notices But Adds Penalty Relief

January 26, 2024

Explore the latest IRS penalty relief measures, offering a lifeline to millions facing back taxes. Fiducial has the details you need to know.

Defer a Current Tax Bill With a Like-Kind Exchange

January 22, 2024

Are you interested in selling commercial or investment real estate that has appreciated significantly? A “like-kind” exchange may be an attractive option.

A Company Car Is a Valuable Perk but Don’t Forget About Taxes

January 18, 2024

For many key employees, the use of a company car is a cherished perk. But before you hand over the keys, make sure you understand the federal tax rules.

2024 Limits and Thresholds for Qualified Retirement Plans

January 15, 2024

Employers: The IRS recently issued 2024 inflation adjustments for many types of qualified retirement plans. Be sure to read up on the latest amounts.

The Standard Business Mileage Rate Has Increased Slightly in 2024

January 11, 2024

The price of gas is about the same as it was a year ago. Will this affect the amount your business can deduct for business driving in 2024?

Obscure and Overlooked Tax Deductions, Credits, and Benefits

January 8, 2024

As tax time approaches, it's time to review tax credits and deductions available to you. Don't miss these overlooked tax credits and benefits this year.

2024 Q1 Tax Calendar: Key Deadlines for Businesses and Other Employers

January 4, 2024

In the first quarter of 2024, businesses face several tax-related deadlines. Here are some key due dates and obligations.

Highlights of Next Year’s Fringe Benefit COLAs

December 29, 2023

Employers: Are you up to speed on the recently issued 2024 cost-of-living adjustments for many popular fringe benefits? Here are some of the latest amounts.