For Business – Page 47 – Fiducial Blog

Tax Penalties Can Add Up--Ask Fiducial How to Avoid Them

October 7, 2020

Most taxpayers don’t mean to incur tax penalties. Many are not aware of the penalties or their impact. Let’s look at some penalties and how to avoid them.

Foreign Account Reporting (FBAR) Due October 15

October 5, 2020

Failure to file the required FBAR forms can result in severe penalties. The due date for foreign account reporting (FBAR) is October 15, 2020.

October's Extended Due Date Is Fast Approaching (And So Are Penalties!)

September 30, 2020

Did you complete your 2019 return by July 15? If not, and you filed a request for more time, that extended due date expires October 15, 2020.

COVID-19 Testing, Diagnostics Not Minimum Essential Coverage

September 28, 2020

The IRS has news regarding COVID-19 testing and diagnostics. Medicaid coverage limited to COVID-19 services does not qualify as minimum essential coverage.

Employers Should Approach Payroll Tax Deferral Cautiously

September 21, 2020

President Trump signed an executive memo on August 8 for a payroll tax deferral. It creates uncertainty re: administrative compliance and long-term impact.

Key Tax Deadlines for Businesses and Employers in Q4 2020

September 16, 2020

Here are key tax-related deadlines for businesses and employers in Q4 2020. This list isn’t all-inclusive; additional deadlines may apply to you.

Qualified retirement plan rules affect COVID-19-related layoffs and rehires

September 11, 2020

Have you laid off employees because of COVID-19? Plan to rehire some of them before 2020 ends? If so, and you offer a qualified retirement plan, listen up!

What You Need To Know About Bonus Depreciation

September 9, 2020

Are you aware of the 100% bonus depreciation tax available for qualifying property? Fiducial has five important points to know about this tax-saving tool.