Taxes – Page 47 – 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.

IRS Offers New Identity Protection (IP PIN) for Taxpayers

March 19, 2021

The IP PIN is a six-digit code known only to the taxpayer and the IRS. It helps prevent identity thieves from filing fraudulent tax returns.

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.

New Year 2021 Creative Design Concept - 3D Rendered Image

2021 Penalties for Health Benefits and Other Employer Plans

March 15, 2021

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

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.

Beware: These Tax Return Red Flags Could Trigger an Audit by the IRS

March 5, 2021

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!