Understanding Passive Activity Loss Rules and How They Affect You
What are passive activity loss rules and how do they affect you? Fiducial defines passive activities and explains the rules regarding associated losses.
Withdraw Cash from Your Closely Held Corporation at a Low Tax Cost
Owners of closely held corporations be interested in withdrawing cash from their businesses at a low tax cost. Here are some strategies Fiducial suggests.
Claiming the Business Energy Credit for Using Alternative Energy
Wondering whether alternative energy technologies can help your business manage energy costs? Check out the business energy credit.
Employers are incentivizing employees to get COVID-19 vaccinations
People are wondering whether employers can mandate that employees get vaccinated against COVID-19. The short answer is, generally, yes — with exceptions.
More Relief from Failure-to-Deposit Employment Tax Penalties
An employer would typically be penalized for failing to deposit federal employment tax. Examples include deposits of withheld income taxes and FICA taxes.
SBA Raises Loan Limit For COVID-19 EIDL Loans to $500,000
An expansion of the COVID-19 EIDL program is having big impacts. Nonprofits and small businesses may now borrow up to $500,000 for up to 24 months.
Tax Court Decision Holds Potential Impact for Travel Deductions
Many professions require extensive travel and time in paid lodging.Traditionally, taxpayers claim these as travel deductions. However, new rules are coming.