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.
2021 Penalties for Health Benefits and Other Employer Plans
The DOL announced the 2021 annual adjustments to civil monetary penalties for many benefits-related violations. Fiducial has the highlights!
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.
Beware: These Tax Return Red Flags Could Trigger an Audit by the IRS
Taxpayers can avoid audits if they know the specific red flags that trigger them. Fiducial can help! Here's our list of red flags that lead to an audit!
Charitable Contributions Deduction Liberalized for 2021
To stimulate charitable contributions during the pandemic, Congress made two notable changes for 2020. Fiducial has more info on this potential deduction!