The IRS issued another notice extending tax deadlines because of the COVID-19 pandemic. Notice 2020-35 supplements IRS Notice 2020-23 and earlier guidance.
https://blog.fiducial.com/wp-content/uploads/2020/06/FiducialBlogImage--COVID-19TaxDeadlineExtensions_8d314c6323e5c15ce6b1e93624b78455_2000.jpg292560Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2020-06-29 13:01:032020-07-09 14:27:42Tax Deadlines Related to COVID-19 Affect HSAs and Retirement Plans
Rules for business meal deductions for “wining and dining” current/potential customers and employees have changed. But, you can still claim some write-offs.
You’ve received a Paycheck Protection Program loan (PPP)! Now, start planning how to spend the PPP loan with loan forgiveness in mind. Fiducial can help!
https://blog.fiducial.com/wp-content/uploads/2020/06/FiducialBlogImage--PPPLoanForgiveness2_0b558ffd6ac0f3e5def906434e63e9ac_2000.png788940Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2020-06-12 13:00:162020-06-15 13:20:44Your PPP Loan Forgiveness Will Probably be Less Than Anticipated
Congress wants to encourage charitable giving. So, they have relaxed restrictions on how much charitable contribution taxpayers can deduct in any one year.
https://blog.fiducial.com/wp-content/uploads/2020/06/FiducialBlogImage--CharitableGiving_f73ef434f4c4cafb36323f617e1fb0c3_2000.png788940Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2020-06-08 13:00:112020-06-08 13:43:42Charitable Giving Made Easier by Congress During the COVID-19 Crisis
The CARES Act is designed to help businesses weather the pandemic. It allows businesses to recover taxes previously paid, and provides financial relief.
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.
https://blog.fiducial.com/wp-content/uploads/2020/06/FiducialBlogImage--CARESActReliefforRetirementPlanDistributions_f6442e931a6725d19faec09e954a6f9a_2000.jpg292560Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2020-06-03 13:00:202020-06-03 13:14:52Retirement Plan Distribution and Loan Relief Addressed by CARES Act