Tax Central – Page 48 – Fiducial Blog

Employers Should Approach Payroll Tax Deferral Cautiously

September 21, 2020

President Trump signed an executive memo on August 8 for a payroll tax deferral. It creates uncertainty re: administrative compliance and long-term impact.

New Opportunity For $500 Economic Impact Payments for Children

September 18, 2020

The IRS reopens registration for those with children who didn't receive Economic Impact Payments. Did you receive your $500/child stimulus payment?

Key Tax Deadlines for Businesses and Employers in Q4 2020

September 16, 2020

Here are key tax-related deadlines for businesses and employers in Q4 2020. This list isn’t all-inclusive; additional deadlines may apply to you.

What You Need To Know About Bonus Depreciation

September 9, 2020

Are you aware of the 100% bonus depreciation tax available for qualifying property? Fiducial has five important points to know about this tax-saving tool.

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

September 7, 2020

With more people working from home, states are considering nexus. State governments must address remote employees in terms of nexus rules and tax revenue.

Employers, Don't Miss Out on the Work Opportunity Credit (WOTC)

September 2, 2020

The Taxpayer Certainty and Disaster Tax Relief Act of 2019 extended the Work Opportunity Tax Credit (WOTC). This lets employers who are willing to help disadvantaged people benefit from a substantial federal tax credit.

Your Sec 529 Plan (College Savings Plan) Just Became More Useful

August 31, 2020

A Sec 529 Plan is a tax-beneficial incentive for parents and others to save money for college tuition and fees. Congress just made them more useful.

Tax Effects of a Business Making a Charitable Contribution

August 28, 2020

Businesses generally aren't allowed a business expense deduction for a charitable contribution. Fiducial explains the pros and cons of these contributions.