What Are the Tax Benefits and Drawbacks of Home Ownership?
Housing is a big expense for everyone. Fiducial looks at the tax benefits and drawbacks of buying, financing, and owning a home.
Fiducial’s List of Tax Deductions You Can Take Without Itemizing
Most taxpayers think they must itemize their tax deductions to claim them on their return. You can claim some deductions while using the standard deduction.
Interaction between PPP Loans and the Employee Retention Credit (ERC)
The Consolidated Appropriations Act (CCA) included a very tax-beneficial provision. This provision liberalized the interaction between PPP loans & the ERC.
Standard Mileage Rates Announced for 2021. What Has Changed?
The IRS annually computes standard mileage rates for use of a vehicle for business, medical and moving purposes. New rates take effect on January 1, 2021.
Obscure and Overlooked Tax Deductions, Credits, and Benefits
Fiducial has a list of over 20 issues that can save you tax dollars! They range from obscure deductions to overlooked tax credits and benefits.
Many Tax Amounts Affecting Businesses Have Increased for 2021
Tax-related limits that affect businesses are annually indexed for inflation. Here’s Fiducial’s list of some important changes for your business for 2021.
Work Opportunity Tax Credit (WOTC) Extended Through 2025
Are you a business owner thinking about hiring? Be aware that a recent law extended a credit (WOTC) for hiring individuals from one or more targeted groups.