COVID-19 – Fiducial Blog

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

August 10, 2020

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.

Paycheck Protection Program (PPP) Loan Application Period Extended

August 5, 2020

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.

Unraveling the Economic Impact Payments Confusion

July 31, 2020

Millions of Americans have already received their economic impact payments authorized by the CARES Act. If you have not, Fiducal has some answers for you.

A Novel Way to Make COVID-19 Relief Donations

July 29, 2020

Emergency disaster declarations have benefits. Employees with unused paid vacation, sick leave, and personal time may use them as COVID-19 relief donations.

Congress Liberalizes PPP Loan Forgiveness

July 24, 2020

Are you the owner of a small business that obtained a PPP Loan? Fiducial explains how to spend the loan proceeds to maximize PPP loan forgiveness.

Post-Pandemic Trends Shifting the Economy for Small Businesses

July 22, 2020

Behaviors have changed during the Coronavirus outbreak. In fact, post-pandemic trends have become opportunities waiting to take off for savvy entrepreneurs.

COVID-19-related leave donation programs now eligible for tax relief

July 20, 2020

The IRS recently announced special tax relief. It applies to leave-based donation programs set up by employers to aid those directly affected by COVID-19.

Some Stimulus Payments Are Mistaken as Junk Mail and Thrown Away

July 17, 2020

The government began sending out its stimulus payments on debit cards mailed in plain white envelopes. Many have been mistaken as junk mail and discarded.