For Business – Page 56 – Fiducial Blog

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.

The SBA Issues a Simplified PPP Loan-Forgiveness Application

November 9, 2020

PPP loan forgiveness is not a given--you must apply for it. The borrower must submit a request to the lender or the lender that services the loan.

Did you Know That the Social Security Wage Base Is Increasing in 2021?

November 6, 2020

Is your business planning payroll next year? Be aware that the Social Security wage base is increasing. The max earnings subject to SS tax will increase.

The Easiest Way to Survive an IRS Audit is to Get Ready in Advance

October 28, 2020

IRS audit rates are historically low, according to the latest data. However, that’s little consolation if your return is among those selected.

Wealth Transition and Succession Planning for Businesses During COVID

October 23, 2020

Thanks to COVID-19, many businesses are rethinking their ideas about wealth transition and succession planning. Do you have a plan?

Will Your Organization Offer Affordable Health Insurance Next Year?

October 21, 2020

Time to review if your organization is an applicable large employer (ALE) under the ACA. If so, is your health insurance affordable under the law?

Reporting Discontinued Operations Today--What You Need to Know

October 19, 2020

COVID-19 has caused companies to make strategic shifts in operations. These pivot strategies may need to be reported under discontinued operations rules.

Form 1099-NEC Is Coming--Here’s What You Need to Know

October 16, 2020

The IRS has resurrected the Form 1099-NEC (non-employee compensation). With this form, you may report non-employee compensation in place of the 1099-MISC.