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Should You Reimburse Employees for Moving Expenses? cover

Should You Reimburse Employees for Moving Expenses?

Considering reimbursing new hires for moving expenses or existing employees for relocation costs? Learn about the applicable tax rules first.
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The benefits of Qualified Opportunity Funds are Waning cover

The benefits of Qualified Opportunity Funds are Waning

What are Qualified Opportunity Funds? They are investment vehicles organized as a corporation/partnership to invest in qualified opportunity zone property.
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Overlook Something on a Prior Tax Return? File an Amended Return cover

Overlook Something on a Prior Tax Return? File an Amended Return

Taxpayers sometimes overlook items of income on a tax return. It happens! Learn why it's so important to file an amended return.
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DOs and DON’Ts of Deducting Business Meal & Vehicle Expenses cover

DOs and DON’Ts of Deducting Business Meal & Vehicle Expenses

Claiming deductions for business meals or auto expenses? Expect the IRS to closely review them. Tax auditors root out inconsistencies, omissions, and errors.
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Warning Signs That It May Be Time To Stop Managing Your Own Books cover

Warning Signs That It May Be Time To Stop Managing Your Own Books

Should you be managing your own books? Fiducial has a few key warning signs to watch out for that will signal when to hire a professional.
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Commonly Asked Tax Questions (and Answers!) cover

Commonly Asked Tax Questions (and Answers!)

Only deal with income taxes once a year with your tax return? If the answer is yes, we bet you have questions related to tax terminology.
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The IRS Issues Update to the Scams to Be Aware of for 2023 and Beyond cover

The IRS Issues Update to the Scams to Be Aware of for 2023 and Beyond

When it comes to income taxes, two things tend to be true every year. First, April will always roll around, and second, with tax season comes tax scams.
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4 Ways to Reasonable Compensation for Corporate Business Owners cover

4 Ways to Reasonable Compensation for Corporate Business Owners

There’s a tax advantage to taking money out of a C corp as compensation rather than dividends. But, only reasonable compensation can be deducted.
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Hiring Independent Contractors? Make Sure They’re Properly Handled cover

Hiring Independent Contractors? Make Sure They’re Properly Handled

Many businesses use independent contractors to help keep costs down. But be careful that these workers are properly classified for federal tax purposes.
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Education Benefits Help Attract, Retain, and Motivate Your Employees cover

Education Benefits Help Attract, Retain, and Motivate Your Employees

One way to attract, retain and motivate employees is to provide education benefits. An employee can receive up to $5,250/year under this type of program.
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What’s the Difference Between an HSA and an FSA? cover

What’s the Difference Between an HSA and an FSA?

The tax code provides 2 tax plans to pay medical expenses. One is a Flexible Spending Account (FSA); the other is a Health Savings Account (HSA).
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Why an LLC Might Be the Best Choice of Entity for Your Business cover

Why an LLC Might Be the Best Choice of Entity for Your Business

Is a limited liability company (LLC) for you? An LLC is somewhat of a hybrid entity. This duality may provide you with the best of both worlds.
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The IRS Announced 2024 Amounts for Health Savings Accounts (HSAs) cover

The IRS Announced 2024 Amounts for Health Savings Accounts (HSAs)

The IRS recently released guidance providing the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs). Fiducial has all the news!
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Take Advantage of the Rehabilitation Tax Credit cover

Take Advantage of the Rehabilitation Tax Credit

Does your business occupy substantial space and need to increase or move from that space? You should keep the rehabilitation tax credit in mind.
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Do You Have a Mid-Year Tax Planning Checklist? Fiducial Does cover

Do You Have a Mid-Year Tax Planning Checklist? Fiducial Does

All too often, taxpayers wait until after the close of the tax year to worry about their taxes. But, mid-year is the perfect time for tax planning.
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Use the NOL Deduction to Make Business Losses Less Painful cover

Use the NOL Deduction to Make Business Losses Less Painful

Losses can happen in any business. The NOL deduction may soften the blow by allowing businesses to apply losses to offset taxable income in future years.
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