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.
https://blog.fiducial.com/wp-content/uploads/2020/09/FiducialBlogImage--WOTC_d37c6431e4bf2d18de1b3af109476864_2000.png788940Fiducial North Americahttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngFiducial North America2020-09-02 13:00:142020-09-14 14:58:04Employers, Don't Miss Out on the Work Opportunity Credit (WOTC)
https://blog.fiducial.com/wp-content/uploads/2020/08/FiducialBlogImage--SEC529Plans_0cce24aa59c5f2a95ab525e24952c381_2000.png788940Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2020-08-31 13:00:152020-08-31 13:00:15Your Sec 529 Plan (College Savings Plan) Just Became More Useful
Businesses generally aren't allowed a business expense deduction for a charitable contribution. Fiducial explains the pros and cons of these contributions.
https://blog.fiducial.com/wp-content/uploads/2020/08/FiducialBlogImage--CharitableContributionTaxEffects_d1083f764feba605b86b2f5e4fac9b68_2000.png788940Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2020-08-28 13:00:242020-08-28 13:07:57Tax Effects of a Business Making a Charitable Contribution
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