PPP Loans Have Reopened: Let’s Review the Tax Consequences

PPP Loans Have Reopened: Let’s Review the Tax Consequences

The SBA announced that the PPP reopened the week of January 11. Are you wondering about the tax consequences of PPP loans received during the pandemic?
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The Enhanced Employee Retention Tax Credit (ERTC)

The Enhanced Employee Retention Tax Credit (ERTC)

COVID-19 has caused widespread furloughs and layoffs. Fortunately, employers that keep workers on their payrolls may meet qualify for a refundable ERTC.
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New Law Makes Changes to Business Meal Deductions and PPP Loans

New Law Makes Changes to Business Meal Deductions and PPP Loans

The Consolidated Appropriations Act provides new relief to the pandemic. It also includes increases to business meal deductions and changes to PPP loans.
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This is Your Annual Reminder to File Worker 1099s

This is Your Annual Reminder to File Worker 1099s

You must provide 1099s for 2020 to workers by February 1, 2021. The forms have an extended due date of February 1 since January 31 falls on a Sunday.
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2021 Q1 Tax Calendar: Key Tax Deadlines for Businesses/Employers

2021 Q1 Tax Calendar: Key Tax Deadlines for Businesses/Employers

Here are some key tax-related deadlines affecting businesses and other employers during the first quarter of 2021. Additional deadlines may apply to you.
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Don't Miss Out on the Opportunity for a Spousal IRA

Don't Miss Out on the Opportunity for a Spousal IRA

One frequently overlooked tax benefit is the spousal IRA. They allow a non-working or low-earning spouse to contribute to his/her own IRA, or spousal IRA.
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Starting a Small Business? 9 Things to Know about Being a Sole Proprietor

Starting a Small Business? 9 Things to Know about Being a Sole Proprietor

Sole proprietors have alot to learn starting out. Fiducial has a quick list of nine tax rules and considerations involved in operating as a sole proprietor.
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Finally, The COVID Relief Package Is Law. What Does That Mean for You?

Finally, The COVID Relief Package Is Law. What Does That Mean for You?

Now that the COVID-relief package is law, we have details. This article provides an overview of the many tax provisions included in the legislation,
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