News – Page 13 – Fiducial Blog

The US Loses Out On $1 Trillion a Year Due to Tax Evasion, IRS Estimates

June 25, 2021

IRS Commissioner Rettig says the US may be losing up to $1 trillion/year in evaded taxes. He listed many tax evasion techniques they had not been aware of.

Do You Qualify for a Tax-Free Grant for Your Restaurant?

June 16, 2021

The Restaurant Revitalization Fund (RRF) will provide grant funding to help restaurants keep their doors open. Fiducial has more on this valuable program!

Claiming the Business Energy Credit for Using Alternative Energy

June 4, 2021

Wondering whether alternative energy technologies can help your business manage energy costs? Check out the business energy credit.

More Relief from Failure-to-Deposit Employment Tax Penalties

May 28, 2021

An employer would typically be penalized for failing to deposit federal employment tax. Examples include deposits of withheld income taxes and FICA taxes.

SBA Raises Loan Limit For COVID-19 EIDL Loans to $500,000

May 26, 2021

An expansion of the COVID-19 EIDL program is having big impacts. Nonprofits and small businesses may now borrow up to $500,000 for up to 24 months.

Tax Court Decision Holds Potential Impact for Travel Deductions

May 24, 2021

Many professions require extensive travel and time in paid lodging.Traditionally, taxpayers claim these as travel deductions. However, new rules are coming.

Looking for a Tax Credit? Don’t Miss out on These!

May 14, 2021

A tax credit is a tax benefit that offsets your actual tax liability. Check out Fiducial's list of tax credits available to individual taxpayers for 2020.

Good News! Big Increase in Child Tax Credit For 2021

May 10, 2021

An increased child tax credit is part of the ARPA. The IRS will pay a portion of the credit in advance in monthly payments from July through December.