Often, legislation provides tax relief to the victims of a qualified disaster. Now, we have the Taxpayer Certainty and Disaster Tax Relief Act of 2020.
https://blog.fiducial.com/wp-content/uploads/2021/03/FiducialBlogPost--QualifiedDisasterRelief_2154d7cd24832a47159661d5b96dc79c_2000.jpg788940Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2021-03-31 13:00:242021-03-31 13:00:24Were You the Victim of a Qualified Disaster? There Is Tax Relief Available
The Consolidated Appropriations Act (CCA) included a very tax-beneficial provision. This provision liberalized the interaction between PPP loans & the ERC.
https://blog.fiducial.com/wp-content/uploads/2021/03/FiducialBlogImage--PPPandERC_5c2ff782704888e23578b9b0690d0eda_2000.jpg788940Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2021-03-24 13:00:372021-03-24 13:00:37Interaction between PPP Loans and the Employee Retention Credit (ERC)
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.
https://blog.fiducial.com/wp-content/uploads/2021/03/FiducialBlogImage--HeathCareBenefitsDeadlineExtensions_92da3a9692c1a941bcbf64ccf083479a_2000.jpg788940Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2021-03-22 13:00:342021-03-22 13:00:34The Latest on COVID-related Deadline Extensions for Health Care Benefits
The IRS annually computes standard mileage rates for use of a vehicle for business, medical and moving purposes. New rates take effect on January 1, 2021.
https://blog.fiducial.com/wp-content/uploads/2021/03/FiducialBlogImage--StandardMileageRates_e2009092c22e076a7f6d4787f0e4cd6e_2000.jpg788940Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2021-03-17 13:00:342021-03-17 13:00:34Standard Mileage Rates Announced for 2021. What Has Changed?
https://blog.fiducial.com/wp-content/uploads/2021/03/FiducialBlogImage--2021AdjustmentstoPenalties_3543ac2b5fdca19758985846f89b6a12_2000.jpg292560Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2021-03-15 13:00:112021-03-15 13:00:112021 Penalties for Health Benefits and Other Employer Plans
Tax-related limits that affect businesses are annually indexed for inflation. Here’s Fiducial’s list of some important changes for your business for 2021.
Are you a business owner thinking about hiring? Be aware that a recent law extended a credit (WOTC) for hiring individuals from one or more targeted groups.