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

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

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

Tax Court Decision Holds Potential Impact for Travel Deductions

Many professions require extensive travel and time in paid lodging.Traditionally, taxpayers claim these as travel deductions. However, new rules are coming.
Looking for a Tax Credit? Don’t Miss out on These!

Looking for a Tax Credit? Don’t Miss out on These!

A tax credit is a tax benefit that offsets your actual tax liability. Check out Fiducial's list of tax credits available to individual taxpayers for 2020.
Good News! Big Increase in Child Tax Credit For 2021

Good News! Big Increase in Child Tax Credit For 2021

An increased child tax credit is part of the ARPA. The IRS will pay a portion of the credit in advance in monthly payments from July through December.
Uncle Sam May Pick Up the Cost of Your COBRA Medical Coverage

Uncle Sam May Pick Up the Cost of Your COBRA Medical Coverage

The ARPA includes a provision for the federal government to pick up the cost of COBRA health coverage. Read on to learn more about this program.
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?