Good news! Solar Tax Credit Extended for Two Years
A federal solar tax credit fhas been extended through 2023. The credit for 2021 and 2022 is 26% of the cost of the installation. It drops to 22% for 2023.
Business highlights in the new American Rescue Plan Act (ARPA)
President Biden signed the $1.9 trillion American Rescue Plan Act (ARPA) on March 11. Here's are several tax breaks and financial benefits for businesses.
Employee Retention Credit Extended Through June 2021
During the pandemic, the CARES Act created the Employee Retention Credit for 2020. As part of the CCA, the credit has been extended through June 2021.
Great News! Child Care Tax Credit Expanded for 2021
Great news if you pay childcare expenses that enable you to work. President Biden’s ARPA substantially increased the child and dependent care tax credit.
Increased Business Meal Deduction for 2021 and 2022
Under TCJA, the business meal deduction is 50% of the actual expense. For 2021 & 2022, the Taxpayer Certainty & Disaster Tax Relief Act of 2020 allows 100%.
Here’s What Happened in the World of Small Business in March 2021
March 2021 was a big month for your small business! Check out Fiducial’s list of five things that happened last month that affect your small business.
Mark Your Calendar! April 2021 Individual and Business Tax Due Dates
April is a big month for tax due dates! The deadline to file has been extended to May 17th, but there are still some taxes due in April. Mark your calendar!