COVID-19-related leave donation programs now eligible for tax relief
The IRS recently announced special tax relief. It applies to leave-based donation programs set up by employers to aid those directly affected by COVID-19.
Hiring independent contractors? Make sure they’re properly classified
Your business may be using independent contractors to lower costs during the coronavirus. Be careful these workers are properly classified for tax purposes
Going, going, gone: Going concern assessments in the midst of COVID-19
Companies everywhere have closures of locations or complete shutdowns. These negative impacts have brought the “going concern” issue to the forefront.
“Qualified Improvement Property” Changes with New COVID-19 Law
A new law contains a change in tax rules for qualified improvement property (QIP). Fiducial has the scoop on how the changes may affect you.
Tax Due Dates for Businesses and Individuals in July 2020
July is a busy month for taxes in 2020! The IRS extended many tax due dates from April 15th to July 15th. So, this is the month when many taxes are due..
Tax Deadlines Related to COVID-19 Affect HSAs and Retirement Plans
The IRS issued another notice extending tax deadlines because of the COVID-19 pandemic. Notice 2020-35 supplements IRS Notice 2020-23 and earlier guidance.
COVID-19 Tax Credits Provide Much-Needed Relief
Employers are entitled to refundable tax credits provided under two laws passed in response to the COVID-19 pandemic. Fiducial has the latest.