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PPP Loans Have Reopened: Let’s Review the Tax Consequences

PPP Loans Have Reopened: Let’s Review the Tax Consequences

The SBA announced that the PPP reopened the week of January 11. Are you wondering about the tax consequences of PPP loans received during the pandemic?
Employers Should Not Overlook Invisible Disabilities

Employers Should Not Overlook Invisible Disabilities

Invisible disabilities can affect an employee’s ability to do his or her job. When overlooked or misunderstood, they might lead to employment conflicts.
Hiring and COVID-19: Check References, Resumés Carefully

Hiring and COVID-19: Check References, Resumés Carefully

Although many employers have let go employees during the COVID-19 crisis, others are hiring. If your company needs to fill positions, hire carefully.
The Enhanced Employee Retention Tax Credit (ERTC)

The Enhanced Employee Retention Tax Credit (ERTC)

COVID-19 has caused widespread furloughs and layoffs. Fortunately, employers that keep workers on their payrolls may meet qualify for a refundable ERTC.
New Law Makes Changes to Business Meal Deductions and PPP Loans

New Law Makes Changes to Business Meal Deductions and PPP Loans

The Consolidated Appropriations Act provides new relief to the pandemic. It also includes increases to business meal deductions and changes to PPP loans.
This is Your Annual Reminder to File Worker 1099s

This is Your Annual Reminder to File Worker 1099s

You must provide 1099s for 2020 to workers by February 1, 2021. The forms have an extended due date of February 1 since January 31 falls on a Sunday.
Frustrated Couple With Woman In Wheelchair Reading Letter

The Consolidated Appropriations Act (CAA) Helps Prevent Surprise Billing

Have you heard much about the Consolidated Appropriations Act (CAA)? The CAA provides relief to individuals and businesses during the COVID-19 pandemic.
EEOC Guidance Addresses Requiring Proof of COVID-19 Vaccination

EEOC Guidance Addresses Requiring Proof of COVID-19 Vaccination

Do you run a fully or partially staffed office/facility? You may wonder if you can legally require on-site workers to provide proof of COVID-19 vaccination.
2021 Q1 Tax Calendar: Key Tax Deadlines for Businesses/Employers

2021 Q1 Tax Calendar: Key Tax Deadlines for Businesses/Employers

Here are some key tax-related deadlines affecting businesses and other employers during the first quarter of 2021. Additional deadlines may apply to you.
Don't Miss Out on the Opportunity for a Spousal IRA

Don't Miss Out on the Opportunity for a Spousal IRA

One frequently overlooked tax benefit is the spousal IRA. They allow a non-working or low-earning spouse to contribute to his/her own IRA, or spousal IRA.
Starting a Small Business? 9 Things to Know about Being a Sole Proprietor

Starting a Small Business? 9 Things to Know about Being a Sole Proprietor

Sole proprietors have alot to learn starting out. Fiducial has a quick list of nine tax rules and considerations involved in operating as a sole proprietor.
Finally, The COVID Relief Package Is Law. What Does That Mean for You?

Finally, The COVID Relief Package Is Law. What Does That Mean for You?

Now that the COVID-relief package is law, we have details. This article provides an overview of the many tax provisions included in the legislation,
Don't Ignore Household Employee Payroll Tax Rules

Don't Ignore Household Employee Payroll Tax Rules

If you hire a household employee to provide services in or around your home, you probably have a tax liability. Ignore it and it may come back to bite you.
Gambling and Tax Gotchas

Gambling and Tax Gotchas

There are far more tax issues related to gambling than you might expect. And these issues may impact your taxes in more ways than you might believe.
Traditional or Roth IRA? Which Plan Will Be Best for You?

Traditional or Roth IRA? Which Plan Will Be Best for You?

The tax code offers two IRA types. Fiducial has a primer on both kinds of IRAs. Learn their pros and cons, and how to choose the one that’s right for you.
QBI Deduction Basics and a Year-End Tax Tip that Might Help You Qualify

QBI Deduction Basics and a Year-End Tax Tip that Might Help You Qualify

If you own a business, you may be eligible to take the QBI deduction. We sometimes refer to this as the pass-through deduction or Section 199A deduction.