Qualified retirement plan rules affect COVID-19-related layoffs and rehires

Qualified retirement plan rules affect COVID-19-related layoffs and rehires

Have you laid off employees because of COVID-19? Plan to rehire some of them before 2020 ends? If so, and you offer a qualified retirement plan, listen up!
Read more
Nexus Rules Are Being Reshaped for Remote Workers Due to COVID-19

Nexus Rules Are Being Reshaped for Remote Workers Due to COVID-19

With more people working from home, states are considering nexus. State governments must address remote employees in terms of nexus rules and tax revenue.
Read more
Court invalidates some COVID-19 paid sick and family leave regs

Court invalidates some COVID-19 paid sick and family leave regs

Parts of the DOL’s temporary regs of the paid sick and family leave parts of the FFCRAwere nullified. This is important in the implementation of the law.
Read more
How to Protect Yourself Against Coronavirus-Related Scams

How to Protect Yourself Against Coronavirus-Related Scams

The IRS and other government agencies note a rise in scams during the COVID-19 crisis. Individuals and groups are taking advantage of unwitting taxpayers.
Read more
Form W-2 reporting of COVID-19-related sick leave and family leave

Form W-2 reporting of COVID-19-related sick leave and family leave

In Notice 2020-54, the IRS provided new guidance. The guidance advises employers on Form W-2 reporting of qualified sick leave and family leave wages
Read more
Social Security Taxes Deferred: What Does It Mean for Your Business?

Social Security Taxes Deferred: What Does It Mean for Your Business?

The President signed a Presidential Memorandum to defer employee's Social Security taxes. The action only defers the taxes; they’ll be paid back eventually.
Read more
The Energy-Saving Tax Credit Is Back! Do You Qualify?

The Energy-Saving Tax Credit Is Back! Do You Qualify?

This credit is best described as an energy-saving tax credit. It applies to improvements to the taxpayer’s existing home to make it more energy efficient.
Read more
Possible Tax Consequences of Paycheck Protection Program (PPP) Loans

Possible Tax Consequences of Paycheck Protection Program (PPP) Loans

Was your business lucky enough to get a Paycheck Protection Program (PPP) loan? Then, Fiducial has some info you may need about potential tax implications.
Read more