Are Your Unemployment Benefits Taxable? Fiducial Has the Answer

Are Your Unemployment Benefits Taxable? Fiducial Has the Answer

Unemployment benefits have changed throughout 2020. If you've received these benfits, you may be wondering if they're taxable. Fiducial has the answer!
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%.