Subscribe To Our Newsletter

Join now to stay up to date with the latest from the Fiducial blog!

By submitting this form, you are consenting to receive marketing emails from: Fiducial Blog. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Categories

Archives

COLAs Are Out for 2021’s Popular Fringe Benefits

COLAs Are Out for 2021’s Popular Fringe Benefits

The IRS released 2021 cost-of-living adjustments (COLAs) for a variety of tax-related limits. These include those related to many popular fringe benefits.
Read more
Preparing for 2021: Tax Planning Strategies for Small Business Owners

Preparing for 2021: Tax Planning Strategies for Small Business Owners

If you are a small business owner, every penny counts. So, you not only want to optimize your revenue but also minimize your expenses and your tax liability
Read more
The Solar Credit is Sunsetting Soon--Should You Take Advantage Now?

The Solar Credit is Sunsetting Soon--Should You Take Advantage Now?

The solar credit is fading away. After being 30% of the cost for many years through 2019, the credit drops to 26% in 2020. In 2021, it drops again to 22%.
Read more
Business website costs: How to handle them for tax purposes

Business website costs: How to handle them for tax purposes

The business use of websites is widespread. However, the IRS hasn’t yet issued formal guidance on when Internet business website costs can be deducted.
Read more
How to Report COVID-19-related Troubled Debt Restructurings (TDRs)

How to Report COVID-19-related Troubled Debt Restructurings (TDRs)

Banks are working with borrowers on loan modifications. Recent guidance confirms that short-term changes due to COVID-19 won’t be subject to rules for TDRs.
Read more
Health Savings Accounts (HSAs) For Your Small Business

Health Savings Accounts (HSAs) For Your Small Business

Small business owners know the increasing cost of employee health care benefits. Employer-sponsored HSAs may provide some of these benefits and save money.
Read more
Do You Know Unemployment Benefits Are Taxable?

Do You Know Unemployment Benefits Are Taxable?

Some workers are receiving unemployment benefits for the first time. They may not know that the benefits are taxable for federal purposes & in some states.
Read more
2021 Dollar Limits and Thresholds for 401(k) Plans and Similar Plans

2021 Dollar Limits and Thresholds for 401(k) Plans and Similar Plans

The IRS recently announced the 2021 dollar limits and thresholds for retirement plans. Fiducial has some of the relevant amounts for 401(k) plans.
Read more
IRS Announces Max Dollar Amount for Excepted Benefit HRAs

IRS Announces Max Dollar Amount for Excepted Benefit HRAs

The IRS has news about HRAs! The 2021 inflation-adjusted max dollar amount for excepted benefit HRAs or other account-based group health plans is here.
Read more
Tax-Planning Opportunities for Year-end That You Should Not Miss

Tax-Planning Opportunities for Year-end That You Should Not Miss

2020 has more than the usual tax-planning opportunities. Schedule a tax-planning appointment before year-end to enjoy tax benefits and strategies for 2020.
Read more
Can Employers Provide Disaster Relief for COVID-19?

Can Employers Provide Disaster Relief for COVID-19?

Many employees have suffered financial hardships due to the COVID-19 pandemic. In response, employers may consider disaster relief as a fringe benefit.
Read more
Closing Your Business Amid the Pandemic? Know Your Tax Obligations

Closing Your Business Amid the Pandemic? Know Your Tax Obligations

Has the pandemic forced the closing of your business? If so, Fiducial will assist you in taking care of the tax obligations that must be met.
Read more
The SBA Issues a Simplified PPP Loan-Forgiveness Application

The SBA Issues a Simplified PPP Loan-Forgiveness Application

PPP loan forgiveness is not a given--you must apply for it. The borrower must submit a request to the lender or the lender that services the loan.
Read more
Did you Know That the Social Security Wage Base Is Increasing in 2021?

Did you Know That the Social Security Wage Base Is Increasing in 2021?

Is your business planning payroll next year? Be aware that the Social Security wage base is increasing. The max earnings subject to SS tax will increase.
Read more
Has the IRS Cashed Your Check? The Problem Is an IRS Mail Backlog

Has the IRS Cashed Your Check? The Problem Is an IRS Mail Backlog

During the pandemic, the IRS furloughed employees or had them work from home. IRS offices remained shuttered for months. This caused an IRS mail backlog.
Read more
What Happens if I Missed the October 15th Tax Extension Deadline?

What Happens if I Missed the October 15th Tax Extension Deadline?

With the hustle and bustle, you realize that the October 15th tax extension deadline has passed. And you still haven’t filed. What should you do now?
Read more