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SECURE 2.0 Act: Should Your 401(k) Help Employees With Emergencies? cover

SECURE 2.0 Act: Should Your 401(k) Help Employees With Emergencies?

SECURE 2.0 Act kicks in next year which may allow businesses to help employees in financial emergencies through their 401(k)s.
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Guaranteeing a Loan to Your Corporation? There May be Tax Implications cover

Guaranteeing a Loan to Your Corporation? There May be Tax Implications

If your corporation defaults on a loan that you guarantee, there may be tax consequences. You don’t want to be caught unaware.
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Planning for Your Retirement – New Wrinkles from the SECURE 2.0 Act cover

Planning for Your Retirement – New Wrinkles from the SECURE 2.0 Act

To encourage more Americans to save for retirement, Congress designed the SECURE Act 2.0. Some of these changes could impact your retirement plan strategy.
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Tax Filing Status Change This Year? Look Out for Surprises at Tax Time cover

Tax Filing Status Change This Year? Look Out for Surprises at Tax Time

A tax filing status change because of a life event such as marriage or divorce often blindsides taxpayers. Consider tax ramifications to avoid surprises.
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Extreme Weather May Lead to More 401(k) Hardship Distribution Requests cover

Extreme Weather May Lead to More 401(k) Hardship Distribution Requests

Extreme weather can result in damage to personal residences. You must prepare your HR staff and employees for the hardship distribution approval process.
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What Will Happen When TCJA Tax Changes Sunset in 2025? cover

What Will Happen When TCJA Tax Changes Sunset in 2025?

Most of the tax changes made by TCJA will expire after 2025. This will impact long range tax planning and result in a mixed bag of tax increases and cuts.
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Receive More than $10,000 in Cash at Your Business? Meet Form 8300 cover

Receive More than $10,000 in Cash at Your Business? Meet Form 8300

Does your business receive large amounts of cash or cash equivalents? Then you must report these transactions to the IRS using Form 8300.
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Employers, Tune Up Your Employee Value Proposition for the Road Ahead cover

Employers, Tune Up Your Employee Value Proposition for the Road Ahead

You’ve still got to work to win over great job candidates and retain valued employees. Make sure you’re ready and tune up your employee value proposition.
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When Tax Issues Become Tax Fraud in the Eyes of the IRS cover

When Tax Issues Become Tax Fraud in the Eyes of the IRS

The chasm between a "minor accident" and "intentional tax fraud" is a big one. The latter can get you into trouble and may venture into criminal territory.
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Is Hobby Income Taxable? Are Hobby Losses Deductible? cover

Is Hobby Income Taxable? Are Hobby Losses Deductible?

Involved in a hobby that you not only enjoy but that produces income? If so, you should know how hobby income and expenses are treated for tax purposes.
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Employee or Independent Contractor? Learn How to Classify Both cover

Employee or Independent Contractor? Learn How to Classify Both

Employers often misclassify employees as independent contractors. Misclassification can have significant ramifications for the employer and the worker.
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Seasonal Summer Employees and the Work Opportunity Tax Credit cover

Seasonal Summer Employees and the Work Opportunity Tax Credit

Consider hiring long-term unemployment recipients and workers with barriers to employment. You could benefit from the Work Opportunity Tax Credit (WOTC).
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Could Your 2023 IRA RMD Be Delayed? cover

Could Your 2023 IRA RMD Be Delayed?

Good news for IRA owners turning 72 in 2023! The first distribution for these IRA owners treated as an RMD will be a distribution made for 2024, not 2023.
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Advantages & Disadvantages of Claiming Qualified Improvement Property cover

Advantages & Disadvantages of Claiming Qualified Improvement Property

The decision to claim first-year depreciation deductions for qualified improvement property can be complicated. Fiducial has the pros and cons for you!
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Who is at Risk of The Trust Fund Recovery Penalty? cover

Who is at Risk of The Trust Fund Recovery Penalty?

The Trust Fund Recovery Penalty is personally imposed on certain business owners and managers when employment taxes aren’t paid.
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Key Factors for Employers in Choosing an Affordable Health Plan cover

Key Factors for Employers in Choosing an Affordable Health Plan

Choosing or switching to an affordable yet fully featured health plan to sponsor for employees isn’t easy. Yet, for most organizations, it’s an imperative.
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