COVID-19 – Page 12 – Fiducial Blog

Court invalidates some COVID-19 paid sick and family leave regs

September 4, 2020

Parts of the DOL’s temporary regs of the paid sick and family leave parts of the FFCRAwere nullified. This is important in the implementation of the law.

How to Protect Yourself Against Coronavirus-Related Scams

August 26, 2020

The IRS and other government agencies note a rise in scams during the COVID-19 crisis. Individuals and groups are taking advantage of unwitting taxpayers.

Form W-2 reporting of COVID-19-related sick leave and family leave

August 24, 2020

In Notice 2020-54, the IRS provided new guidance. The guidance advises employers on Form W-2 reporting of qualified sick leave and family leave wages

Social Security Taxes Deferred: What Does It Mean for Your Business?

August 21, 2020

The President signed a Presidential Memorandum to defer employee's Social Security taxes. The action only defers the taxes; they’ll be paid back eventually.

Possible Tax Consequences of Paycheck Protection Program (PPP) Loans

August 17, 2020

Was your business lucky enough to get a Paycheck Protection Program (PPP) loan? Then, Fiducial has some info you may need about potential tax implications.

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

August 14, 2020

The IRS mailed Economic Impact Payment recipients a Notice 1444. This notice includes payment amount, payment method and how to report payment not received.

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.