Tax Due Dates for Businesses and Individuals in July 2020

Tax Due Dates for Businesses and Individuals in July 2020

July is a busy month for taxes in 2020! The IRS extended many tax due dates from April 15th to July 15th. So, this is the month when many taxes are due..
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Tax Deadlines Related to COVID-19 Affect HSAs and Retirement Plans

Tax Deadlines Related to COVID-19 Affect HSAs and Retirement Plans

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.
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COVID-19 Tax Credits Provide Much-Needed Relief

COVID-19 Tax Credits Provide Much-Needed Relief

Employers are entitled to refundable tax credits provided under two laws passed in response to the COVID-19 pandemic. Fiducial has the latest.
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Business meal deductions: The current rules amid proposed changes

Business meal deductions: The current rules amid proposed changes

Rules for business meal deductions for “wining and dining” current/potential customers and employees have changed. But, you can still claim some write-offs.
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Have an Amended Tax Return or Tax Liability? Don’t Wait to Repay

Have an Amended Tax Return or Tax Liability? Don’t Wait to Repay

Hoping to get a refund from a previous year’s amended tax return? Have a tax liability? Then, listen up! Fiducial has some info for you.
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Claim Casualty Loss Deductions for Rioting Damage at Your Business

Claim Casualty Loss Deductions for Rioting Damage at Your Business

Damage, destruction or loss of property from an event occuring suddenly, unexpectedly or unusually is a casualty. Recent casualties may mean tax deductons.
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Charitable Giving Made Easier by Congress During the COVID-19 Crisis

Charitable Giving Made Easier by Congress During the COVID-19 Crisis

Congress wants to encourage charitable giving. So, they have relaxed restrictions on how much charitable contribution taxpayers can deduct in any one year.
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The CARES Act Gives Businesses Big Tax Benefits

The CARES Act Gives Businesses Big Tax Benefits

The CARES Act is designed to help businesses weather the pandemic. It allows businesses to recover taxes previously paid, and provides financial relief.
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