Great News! Child Care Tax Credit Expanded for 2021

Great News! Child Care Tax Credit Expanded for 2021

Great news if you pay childcare expenses that enable you to work. President Biden’s ARPA substantially increased the child and dependent care tax credit.
Read more
Increased Business Meal Deduction for 2021 and 2022

Increased Business Meal Deduction for 2021 and 2022

Under TCJA, the business meal deduction is 50% of the actual expense. For 2021 & 2022, the Taxpayer Certainty & Disaster Tax Relief Act of 2020 allows 100%.
Read more
Here’s What Happened in the World of Small Business in March 2021

Here’s What Happened in the World of Small Business in March 2021

March 2021 was a big month for your small business! Check out Fiducial’s list of five things that happened last month that affect your small business.
Read more
Unemployment Fraud Creates Tax Stress for Unsuspecting Taxpayers

Unemployment Fraud Creates Tax Stress for Unsuspecting Taxpayers

Improper unemployment payments cost the US $36 to $63 billion in 2020.The improper payments are a result of unemployment fraud.
Read more
Mark Your Calendar! April 2021 Individual and Business Tax Due Dates

Mark Your Calendar! April 2021 Individual and Business Tax Due Dates

April is a big month for tax due dates! The deadline to file has been extended to May 17th, but there are still some taxes due in April. Mark your calendar!
Read more
Were You the Victim of a Qualified Disaster? There Is Tax Relief Available

Were You the Victim of a Qualified Disaster? There Is Tax Relief Available

Often, legislation provides tax relief to the victims of a qualified disaster. Now, we have the Taxpayer Certainty and Disaster Tax Relief Act of 2020.
Read more
Fiducial’s List of Tax Deductions You Can Take Without Itemizing

Fiducial’s List of Tax Deductions You Can Take Without Itemizing

Most taxpayers think they must itemize their tax deductions to claim them on their return. You can claim some deductions while using the standard deduction.
Read more
Interaction between PPP Loans and the Employee Retention Credit (ERC)

Interaction between PPP Loans and the Employee Retention Credit (ERC)

The Consolidated Appropriations Act (CCA) included a very tax-beneficial provision. This provision liberalized the interaction between PPP loans & the ERC.
Read more