News – Page 20 – Fiducial Blog

The SBA Issues a Simplified PPP Loan-Forgiveness Application

November 9, 2020

PPP loan forgiveness is not a given--you must apply for it. The borrower must submit a request to the lender or the lender that services the loan.

Did you Know That the Social Security Wage Base Is Increasing in 2021?

November 6, 2020

Is your business planning payroll next year? Be aware that the Social Security wage base is increasing. The max earnings subject to SS tax will increase.

Has the IRS Cashed Your Check? The Problem Is an IRS Mail Backlog

November 4, 2020

During the pandemic, the IRS furloughed employees or had them work from home. IRS offices remained shuttered for months. This caused an IRS mail backlog.

What Are the Tax Consequences of Losing Your Job?

October 26, 2020

If you have lost your job, there are a number of tax issues you may encounter. How you deal with these issues can profoundly impact your taxes and finances.

Will Your Organization Offer Affordable Health Insurance Next Year?

October 21, 2020

Time to review if your organization is an applicable large employer (ALE) under the ACA. If so, is your health insurance affordable under the law?

Excess Business Losses Find Change in the CARES Act

October 14, 2020

The CARES Act made changes to excess business losses. This includes retroactive changes and opportunities for businesses to file amended returns.

Extended Benefit Claims and Appeals Periods During COVID-19

October 12, 2020

Federal agencies extended certain claims and appeals periods. These claims and appeals periods apply for employee pension benefits plans subject to ERISA.

DOL Revises FFCRA Rules on Paid Sick and Family Leave

October 9, 2020

A federal trial court invalidated provisions of the DOL’s temporary regulations. These regulations affected the paid leave provisions of the FFCRA.