https://blog.fiducial.com/wp-content/uploads/2020/08/FiducialBlogImage--W-2_c57f6787f6d9b289b51353118a92bf55_2000.jpg292560Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2020-08-24 13:00:242020-08-28 13:09:28Form W-2 reporting of COVID-19-related sick leave and family leave
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.
https://blog.fiducial.com/wp-content/uploads/2020/08/FiducialBlogImage--PayrollTaxes_9311289d0b6852d3094372bb7e442c96_2000.jpg292560Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2020-08-21 13:00:142020-08-24 13:55:22Social Security Taxes Deferred: What Does It Mean for Your Business?
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.
https://blog.fiducial.com/wp-content/uploads/2020/08/FiducialBlogImage--EnergySavingTaxCredit_155f3fe3aa0771f9c24ab33535cfacd3_2000.png788940Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2020-08-19 13:01:052020-08-19 13:01:05The Energy-Saving Tax Credit Is Back! Do You Qualify?
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.
The IRS mailed Economic Impact Payment recipients a Notice 1444. This notice includes payment amount, payment method and how to report payment not received.
https://blog.fiducial.com/wp-content/uploads/2020/08/FiducialBlogImage--Notice1444_420fcd630dc88768590852b04082b15e_2000.png788940Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2020-08-14 13:00:172020-08-14 13:00:17Don’t Throw Away Your Notice 1444! You’ll Need It for Your 2020 Taxes
You should record expenses to claim the full amount of tax deductions you’re owed. Also, make sure you can defend your tax returns if audited by the IRS.
https://blog.fiducial.com/wp-content/uploads/2020/08/FiducialBlogImage--GoodRecordsandIRSAudits_d5495e096816016f0a18ff4aa232266a_2000.jpg292560Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2020-08-12 13:00:222020-08-12 13:00:22Good Records Key to Tax Deductions and Trouble-free IRS Audits
Millions of Americans have already received their economic impact payments authorized by the CARES Act. If you have not, Fiducal has some answers for you.
Emergency disaster declarations have benefits. Employees with unused paid vacation, sick leave, and personal time may use them as COVID-19 relief donations.
https://blog.fiducial.com/wp-content/uploads/2020/07/FiducialBlogImage--COVID-19UnusedVacationDonations_9cf691208458e5ba5679cf149795265c_2000.png788940Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2020-07-29 13:00:062020-07-29 15:18:46A Novel Way to Make COVID-19 Relief Donations