For Business – Page 61 – Fiducial Blog

Charitable Giving Made Easier by Congress During the COVID-19 Crisis

June 8, 2020

Congress wants to encourage charitable giving. So, they have relaxed restrictions on how much charitable contribution taxpayers can deduct in any one year.

The CARES Act Gives Businesses Big Tax Benefits

June 5, 2020

The CARES Act is designed to help businesses weather the pandemic. It allows businesses to recover taxes previously paid, and provides financial relief.

Retirement Plan Distribution and Loan Relief Addressed by CARES Act

June 3, 2020

The IRS recently issued FAQs about retirement plan distribution and loan relief under the CARES Act. Fiducial has all you need to know about this relief.

FFCRA’s Paid Leave Questions Get DOL Clarification

June 1, 2020

If you felt befuddled by the FFCRA’s initial guidelines on paid leave, you’re not alone. Luckily, Fiducial has answers with the DOL's updated guidelines.

The PPP and Health Care Enhancement Act-What’s in Them?

May 29, 2020

President Trump has signed the PPP & HCE Act. This package, worth $484 billion, passed in both the Senate and the House the week of April 20, 2020.

Fortunate Enough to Get a PPP loan? Forgiven Expenses Aren’t Deductible

May 27, 2020

The IRS issued guidance about provisions from the CARES Act regarding PPP loans. Certain deductions aren’t allowed if a business has received a PPP loan.

Charitable Deduction Rules Change Under CARES Act

May 25, 2020

In order to incentivize charitable giving, the CARES Act made some changes. Good news for businesses: charitable deduction rules are even more favorable.

Coronavirus-Related Tax Relief for U.S. Families and Individuals

May 22, 2020

The IRS has provided some coronavirus-related tax relief provisions for affected taxpayers. Fiducial gives you a look at what's being offered.