For Business – Page 53 – Fiducial Blog

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.

Nexus Rules Are Being Reshaped for Remote Workers Due to COVID-19

September 7, 2020

With more people working from home, states are considering nexus. State governments must address remote employees in terms of nexus rules and tax revenue.

Court invalidates some COVID-19 paid sick and family leave regs

September 4, 2020

Parts of the DOL’s temporary regs of the paid sick and family leave parts of the FFCRAwere nullified. This is important in the implementation of the law.

Employers, Don't Miss Out on the Work Opportunity Credit (WOTC)

September 2, 2020

The Taxpayer Certainty and Disaster Tax Relief Act of 2019 extended the Work Opportunity Tax Credit (WOTC). This lets employers who are willing to help disadvantaged people benefit from a substantial federal tax credit.

Tax Effects of a Business Making a Charitable Contribution

August 28, 2020

Businesses generally aren't allowed a business expense deduction for a charitable contribution. Fiducial explains the pros and cons of these contributions.

Form W-2 reporting of COVID-19-related sick leave and family leave

August 24, 2020

In Notice 2020-54, the IRS provided new guidance. The guidance advises employers on Form W-2 reporting of qualified sick leave and family leave wages