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Buckle Up for 2021: 4 Compliance Trends to Watch

Buckle Up for 2021: 4 Compliance Trends to Watch

In a matter of months, COVID-19 forced organizations to make seismic shifts in their operations. How will the legal and compliance landscape evolve?
Mother doing home schooling with child while wearing surgical face mask for coronavirus

Cafeteria-Plan DCAPs Get Temporary Boost from COVID-19 Relief Act

Employers use cafeteria plans to offer employees a menu of benefits. Among the most popular are enrollment in dependent care assistance programs (DCAPs).
Another Round of Economic Impact Payments Approved by Congress

Another Round of Economic Impact Payments Approved by Congress

The American Rescue Plan Act includes an economic impact payment (EIP). This will be the third round of economic impact payments since the pandemic began.
Good news! Solar Tax Credit Extended for Two Years

Good news! Solar Tax Credit Extended for Two Years

A federal solar tax credit fhas been extended through 2023. The credit for 2021 and 2022 is 26% of the cost of the installation. It drops to 22% for 2023.
Business highlights in the new American Rescue Plan Act (ARPA)

Business highlights in the new American Rescue Plan Act (ARPA)

President Biden signed the $1.9 trillion American Rescue Plan Act (ARPA) on March 11. Here's are several tax breaks and financial benefits for businesses.
Employee Retention Credit Extended Through June 2021

Employee Retention Credit Extended Through June 2021

During the pandemic, the CARES Act created the Employee Retention Credit for 2020. As part of the CCA, the credit has been extended through June 2021.
Great News! Child Care Tax Credit Expanded for 2021

Great News! Child Care Tax Credit Expanded for 2021

Great news if you pay childcare expenses that enable you to work. President Biden’s ARPA substantially increased the child and dependent care tax credit.
Run a business from home? You May Qualify for Home Office Deductions

Run a business from home? You May Qualify for Home Office Deductions

Are you self-employed? Do you run your business from your home? You might be able to claim deductions for home office expenses against your business income.
Increased Business Meal Deduction for 2021 and 2022

Increased Business Meal Deduction for 2021 and 2022

Under TCJA, the business meal deduction is 50% of the actual expense. For 2021 & 2022, the Taxpayer Certainty & Disaster Tax Relief Act of 2020 allows 100%.
Here’s What Happened in the World of Small Business in March 2021

Here’s What Happened in the World of Small Business in March 2021

March 2021 was a big month for your small business! Check out Fiducial’s list of five things that happened last month that affect your small business.
What Are the Tax Implications of Buying or Selling a Business?

What Are the Tax Implications of Buying or Selling a Business?

If you are considering buying or selling another business, it’s important to understand the tax implications. So, here are Fiducial’s best tips!
Unemployment Fraud Creates Tax Stress for Unsuspecting Taxpayers

Unemployment Fraud Creates Tax Stress for Unsuspecting Taxpayers

Improper unemployment payments cost the US $36 to $63 billion in 2020.The improper payments are a result of unemployment fraud.
Mark Your Calendar! April 2021 Individual and Business Tax Due Dates

Mark Your Calendar! April 2021 Individual and Business Tax Due Dates

April is a big month for tax due dates! The deadline to file has been extended to May 17th, but there are still some taxes due in April. Mark your calendar!
Were You the Victim of a Qualified Disaster? There Is Tax Relief Available

Were You the Victim of a Qualified Disaster? There Is Tax Relief Available

Often, legislation provides tax relief to the victims of a qualified disaster. Now, we have the Taxpayer Certainty and Disaster Tax Relief Act of 2020.
What Are the Tax Benefits and Drawbacks of Home Ownership?

What Are the Tax Benefits and Drawbacks of Home Ownership?

Housing is a big expense for everyone. Fiducial looks at the tax benefits and drawbacks of buying, financing, and owning a home.
Fiducial’s List of Tax Deductions You Can Take Without Itemizing

Fiducial’s List of Tax Deductions You Can Take Without Itemizing

Most taxpayers think they must itemize their tax deductions to claim them on their return. You can claim some deductions while using the standard deduction.