For Business – Page 57 – Fiducial Blog

Good Records Key to Tax Deductions and Trouble-free IRS Audits

August 12, 2020

You should record expenses to claim the full amount of tax deductions you’re owed. Also, make sure you can defend your tax returns if audited by the IRS.

Paycheck Protection Program (PPP) Loan Application Period Extended

August 5, 2020

Miss your chance to apply for a Paycheck Protection Program (PPP) loan? Well, Congress extended the application period for PPP loans through August 8, 2020.

Lease vs. buy? Changes to accounting rules may change your mind

August 3, 2020

Rules for reporting leasing transactions are changing. The new requirements are making companies reevaluate their thinking on the issue of lease vs. buy.

A Novel Way to Make COVID-19 Relief Donations

July 29, 2020

Emergency disaster declarations have benefits. Employees with unused paid vacation, sick leave, and personal time may use them as COVID-19 relief donations.

Steer clear of the Trust Fund Recovery Penalty

July 27, 2020

If you own or manage a business with employees, you may be at risk for a severe tax penalty. It’s called the “Trust Fund Recovery Penalty.”

Congress Liberalizes PPP Loan Forgiveness

July 24, 2020

Are you the owner of a small business that obtained a PPP Loan? Fiducial explains how to spend the loan proceeds to maximize PPP loan forgiveness.

Post-Pandemic Trends Shifting the Economy for Small Businesses

July 22, 2020

Behaviors have changed during the Coronavirus outbreak. In fact, post-pandemic trends have become opportunities waiting to take off for savvy entrepreneurs.

COVID-19-related leave donation programs now eligible for tax relief

July 20, 2020

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.