Don’t Throw Away Your Notice 1444! You’ll Need It for Your 2020 Taxes

Don’t Throw Away Your Notice 1444! You’ll Need It for Your 2020 Taxes

The IRS mailed Economic Impact Payment recipients a Notice 1444. This notice includes payment amount, payment method and how to report payment not received.
Good Records Key to Tax Deductions and Trouble-free IRS Audits

Good Records Key to Tax Deductions and Trouble-free IRS Audits

You should record expenses to claim the full amount of tax deductions you’re owed. Also, make sure you can defend your tax returns if audited by the IRS.
Safe Harbor 401(k)s: IRS Relief for Midyear Contribution Changes

Safe Harbor 401(k)s: IRS Relief for Midyear Contribution Changes

In response to the COVID-19 crisis, the IRS issued Notice 2020-52. It offers sponsors of safe harbor 401(k) plans temporary relief from some requirements.
IRS Guidance on “Coronavirus-related” Distributions from Retirement Plans

IRS Guidance on “Coronavirus-related” Distributions from Retirement Plans

Notice 2020-50 gives guidance on "coronavirus-related distributions" from retirement plans. Fiducial offers details employers may need.
Paycheck Protection Program (PPP) Loan Application Period Extended

Paycheck Protection Program (PPP) Loan Application Period Extended

Miss your chance to apply for a Paycheck Protection Program (PPP) loan? Well, Congress extended the application period for PPP loans through August 8, 2020.
Lease vs. buy? Changes to accounting rules may change your mind

Lease vs. buy? Changes to accounting rules may change your mind

Rules for reporting leasing transactions are changing. The new requirements are making companies reevaluate their thinking on the issue of lease vs. buy.