Tax Central – Page 39 – Fiducial Blog

Business highlights in the new American Rescue Plan Act (ARPA)

April 21, 2021

President Biden signed the $1.9 trillion American Rescue Plan Act (ARPA) on March 11. Here's are several tax breaks and financial benefits for businesses.

Employee Retention Credit Extended Through June 2021

April 19, 2021

During the pandemic, the CARES Act created the Employee Retention Credit for 2020. As part of the CCA, the credit has been extended through June 2021.

Great News! Child Care Tax Credit Expanded for 2021

April 16, 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.

Run a business from home? You May Qualify for Home Office Deductions

April 14, 2021

Are you self-employed? Do you run your business from your home? You might be able to claim deductions for home office expenses against your business income.

Increased Business Meal Deduction for 2021 and 2022

April 12, 2021

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%.

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

April 9, 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.

What Are the Tax Implications of Buying or Selling a Business?

April 7, 2021

If you are considering buying or selling another business, it’s important to understand the tax implications. So, here are Fiducial’s best tips!

Unemployment Fraud Creates Tax Stress for Unsuspecting Taxpayers

April 5, 2021

Improper unemployment payments cost the US $36 to $63 billion in 2020.The improper payments are a result of unemployment fraud.