COVID-19 – Page 6 – Fiducial Blog

Business highlights in the new American Rescue Plan Act (ARPA)

April 21, 2021

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

April 19, 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

April 16, 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.

Here’s What Happened in the World of Small Business in March 2021

April 9, 2021

March 2021 was a big month for your small business! Check out Fiducial’s list of five things that happened last month that affect your small business.

Interaction between PPP Loans and the Employee Retention Credit (ERC)

March 24, 2021

The Consolidated Appropriations Act (CCA) included a very tax-beneficial provision. This provision liberalized the interaction between PPP loans & the ERC.

The Latest on COVID-related Deadline Extensions for Health Care Benefits

March 22, 2021

The DOL issued EBSA Disaster Relief Notice 2021-01. It clarifies the duration of some COVID-19-related deadline extensions to health care benefits plans.

Obscure and Overlooked Tax Deductions, Credits, and Benefits

March 12, 2021

Fiducial has a list of over 20 issues that can save you tax dollars! They range from obscure deductions to overlooked tax credits and benefits.

Charitable Contributions Deduction Liberalized for 2021

March 3, 2021

To stimulate charitable contributions during the pandemic, Congress made two notable changes for 2020. Fiducial has more info on this potential deduction!