Fiducial Blog

2021 Q3 Tax Calendar: Key Deadlines for Businesses and Other Employers

June 23, 2021

Fiducial has the key business-related 2021 third-quarter tax deadlines to mark on your calendar. Don't miss any of these important dates!

Made a Mistake on Your Tax Return - What Happens Now?

June 21, 2021

Generally speaking, tax return mistakes are more common than you probably realize. Taxes have grown complicated and COVID tax relief has made many changes.

EEOC Addresses Requiring and Incentivizing COVID-19 Vaccination

June 18, 2021

The EEOC has updated its guidance on employers requiring proof of COVID-19 vaccination and incentivizing employees to get vaccinated.

Do You Qualify for a Tax-Free Grant for Your Restaurant?

June 16, 2021

The Restaurant Revitalization Fund (RRF) will provide grant funding to help restaurants keep their doors open. Fiducial has more on this valuable program!

Wage Garnishment: Protections and Limits Every Employer Should Know

June 14, 2021

What do you know about wage garnishment? Are you faced with the imminent prospect of having to garnish a worker's wages and wondering how it all works?

Thinking of Dumping Old Tax Records? Think Again

June 11, 2021

Tired of having all those old tax records taking up space? Want to dump as much as you can? Find out how long you should keep them.

Understanding Passive Activity Loss Rules and How They Affect You

June 9, 2021

What are passive activity loss rules and how do they affect you? Fiducial defines passive activities and explains the rules regarding associated losses.

Withdraw Cash from Your Closely Held Corporation at a Low Tax Cost

June 7, 2021

Owners of closely held corporations be interested in withdrawing cash from their businesses at a low tax cost. Here are some strategies Fiducial suggests.

Claiming the Business Energy Credit for Using Alternative Energy

June 4, 2021

Wondering whether alternative energy technologies can help your business manage energy costs? Check out the business energy credit.

African American man in antiviral mask gesturing thumb up during coronavirus vaccination, approving of covid-19 immunization. Young doctor giving vaccine injection to male patient

Employers are incentivizing employees to get COVID-19 vaccinations

June 2, 2021

People are wondering whether employers can mandate that employees get vaccinated against COVID-19. The short answer is, generally, yes — with exceptions.

You Should Be Keeping Home Improvement Records

May 31, 2021

The gain from a home’s sale can be substantially higher than the allowable exclusion. Home improvement records can be beneficial and save on taxes.

More Relief from Failure-to-Deposit Employment Tax Penalties

May 28, 2021

An employer would typically be penalized for failing to deposit federal employment tax. Examples include deposits of withheld income taxes and FICA taxes.

SBA Raises Loan Limit For COVID-19 EIDL Loans to $500,000

May 26, 2021

An expansion of the COVID-19 EIDL program is having big impacts. Nonprofits and small businesses may now borrow up to $500,000 for up to 24 months.

Tax Court Decision Holds Potential Impact for Travel Deductions

May 24, 2021

Many professions require extensive travel and time in paid lodging.Traditionally, taxpayers claim these as travel deductions. However, new rules are coming.