Tax Changes – Page 15 – Fiducial Blog

Traveling for Business? What Business Travel Deductions Are Available?

July 16, 2021

As we emerge from the pandemic, business travel is beginning again. Under tax law, a number of rules exist for business travel deductions (within the US).

Eligible Businesses: Claim the Employee Retention Tax Credit (ERTC)

July 14, 2021

The Employee Retention Tax Credit (ERTC) is a valuable tax break. It was extended and modified by the (ARPA) in March, 2021. Here’s a rundown of the rules.

QSB Stock Gain Exclusion: Who Can Take Advantage and How to Do It

June 28, 2021

Originally, people considered QSB stock as offering marginal benefits. These stocks now offer opportunities for investors in startups and small businesses.

Claiming the Business Energy Credit for Using Alternative Energy

June 4, 2021

Wondering whether alternative energy technologies can help your business manage energy costs? Check out the business energy credit.

You Should Be Keeping Home Improvement Records

May 31, 2021

The gain from a home’s sale can be substantially higher than the allowable exclusion. Home improvement records can be beneficial and save on taxes.

More Relief from Failure-to-Deposit Employment Tax Penalties

May 28, 2021

An employer would typically be penalized for failing to deposit federal employment tax. Examples include deposits of withheld income taxes and FICA taxes.

Tax Court Decision Holds Potential Impact for Travel Deductions

May 24, 2021

Many professions require extensive travel and time in paid lodging.Traditionally, taxpayers claim these as travel deductions. However, new rules are coming.

Looking for a Tax Credit? Don’t Miss out on These!

May 14, 2021

A tax credit is a tax benefit that offsets your actual tax liability. Check out Fiducial's list of tax credits available to individual taxpayers for 2020.