For Business – Page 47 – Fiducial Blog

New Form 1099-NEC and Revised 1099-MISC Deadline Are Approaching

January 29, 2021

Payers must complete Form 1099-NEC to report any payment of $600 or more to a recipient. Use Form 1099-MISC to report certain other payments to recipients.

Actually, a Recession is a Great Time to Launch That New Startup

January 27, 2021

Should entrepreneurs worry about a potential recession? Maybe not. The state of the global economy may not directly impact your startup.

PPP Loans Have Reopened: Let’s Review the Tax Consequences

January 22, 2021

The SBA announced that the PPP reopened the week of January 11. Are you wondering about the tax consequences of PPP loans received during the pandemic?

Employers Should Not Overlook Invisible Disabilities

January 20, 2021

Invisible disabilities can affect an employee’s ability to do his or her job. When overlooked or misunderstood, they might lead to employment conflicts.

Hiring and COVID-19: Check References, Resumés Carefully

January 18, 2021

Although many employers have let go employees during the COVID-19 crisis, others are hiring. If your company needs to fill positions, hire carefully.

The Enhanced Employee Retention Tax Credit (ERTC)

January 15, 2021

COVID-19 has caused widespread furloughs and layoffs. Fortunately, employers that keep workers on their payrolls may meet qualify for a refundable ERTC.

New Law Makes Changes to Business Meal Deductions and PPP Loans

January 13, 2021

The Consolidated Appropriations Act provides new relief to the pandemic. It also includes increases to business meal deductions and changes to PPP loans.

This is Your Annual Reminder to File Worker 1099s

January 11, 2021

You must provide 1099s for 2020 to workers by February 1, 2021. The forms have an extended due date of February 1 since January 31 falls on a Sunday.