For Business – Page 55 – Fiducial Blog

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.

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.