Good Records Key to Tax Deductions and Trouble-free IRS Audits

Good Records Key to Tax Deductions and Trouble-free IRS Audits

You should record expenses to claim the full amount of tax deductions you’re owed. Also, make sure you can defend your tax returns if audited by the IRS.
Unraveling the Economic Impact Payments Confusion

Unraveling the Economic Impact Payments Confusion

Millions of Americans have already received their economic impact payments authorized by the CARES Act. If you have not, Fiducal has some answers for you.
A Novel Way to Make COVID-19 Relief Donations

A Novel Way to Make COVID-19 Relief Donations

Emergency disaster declarations have benefits. Employees with unused paid vacation, sick leave, and personal time may use them as COVID-19 relief donations.
Steer clear of the Trust Fund Recovery Penalty

Steer clear of the Trust Fund Recovery Penalty

If you own or manage a business with employees, you may be at risk for a severe tax penalty. It’s called the “Trust Fund Recovery Penalty.”
COVID-19-related leave donation programs now eligible for tax relief

COVID-19-related leave donation programs now eligible for tax relief

The IRS recently announced special tax relief. It applies to leave-based donation programs set up by employers to aid those directly affected by COVID-19.
Hiring independent contractors? Make sure they’re properly classified

Hiring independent contractors? Make sure they’re properly classified

Your business may be using independent contractors to lower costs during the coronavirus. Be careful these workers are properly classified for tax purposes
Special PUA Benefits Available to Those Unemployed by COVID-19

Special PUA Benefits Available to Those Unemployed by COVID-19

Unemployed by the COVID-19 pandemic? The CARES Act includes Pandemic Unemployment Assistance or PUA provisions to supplement state unemployment programs.
Tax Refund for 2018 in 2020? New Extenders Bill Could Mean Yes!

Tax Refund for 2018 in 2020? New Extenders Bill Could Mean Yes!

You may be eligible for a tax refund from your 2018 tax return. Last December, Congress passed the long-awaited extenders bill. Find out if it can help you.