For Business – Page 59 – Fiducial Blog

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.

Hiring independent contractors? Make sure they’re properly classified

July 15, 2020

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

July 13, 2020

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

July 8, 2020

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 1, 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..