For Business – Page 53 – Fiducial Blog

Business website costs: How to handle them for tax purposes

November 30, 2020

The business use of websites is widespread. However, the IRS hasn’t yet issued formal guidance on when Internet business website costs can be deducted.

How to Report COVID-19-related Troubled Debt Restructurings (TDRs)

November 27, 2020

Banks are working with borrowers on loan modifications. Recent guidance confirms that short-term changes due to COVID-19 won’t be subject to rules for TDRs.

Health Savings Accounts (HSAs) For Your Small Business

November 25, 2020

Small business owners know the increasing cost of employee health care benefits. Employer-sponsored HSAs may provide some of these benefits and save money.

2021 Dollar Limits and Thresholds for 401(k) Plans and Similar Plans

November 20, 2020

The IRS recently announced the 2021 dollar limits and thresholds for retirement plans. Fiducial has some of the relevant amounts for 401(k) plans.

IRS Announces Max Dollar Amount for Excepted Benefit HRAs

November 18, 2020

The IRS has news about HRAs! The 2021 inflation-adjusted max dollar amount for excepted benefit HRAs or other account-based group health plans is here.

Tax-Planning Opportunities for Year-end That You Should Not Miss

November 16, 2020

2020 has more than the usual tax-planning opportunities. Schedule a tax-planning appointment before year-end to enjoy tax benefits and strategies for 2020.

Can Employers Provide Disaster Relief for COVID-19?

November 13, 2020

Many employees have suffered financial hardships due to the COVID-19 pandemic. In response, employers may consider disaster relief as a fringe benefit.

Closing Your Business Amid the Pandemic? Know Your Tax Obligations

November 11, 2020

Has the pandemic forced the closing of your business? If so, Fiducial will assist you in taking care of the tax obligations that must be met.