Tax Changes – Page 19 – Fiducial Blog

Interaction between PPP Loans and the Employee Retention Credit (ERC)

March 24, 2021

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?

March 17, 2021

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

March 12, 2021

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

March 10, 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

March 8, 2021

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.

Charitable Contributions Deduction Liberalized for 2021

March 3, 2021

To stimulate charitable contributions during the pandemic, Congress made two notable changes for 2020. Fiducial has more info on this potential deduction!

4 Questions Business Owners Should Consider for Their 2020 Taxes

March 1, 2021

If 2020 wasn’t challenging enough, this season’s tax-filing is even more complicated than usual. Here are 4 questions you should ask about 2020's taxes.

How Biden's American Rescue Plan Might Impact Your Taxes

February 12, 2021

President Biden released his “American Rescue Plan” on January 14. It is a wish list of proposals to address the COVID-19 pandemic and economic crisis.