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

How to Protect Yourself Against Coronavirus-Related Scams

How to Protect Yourself Against Coronavirus-Related Scams

The IRS and other government agencies note a rise in scams during the COVID-19 crisis. Individuals and groups are taking advantage of unwitting taxpayers.
Read more
Form W-2 reporting of COVID-19-related sick leave and family leave

Form W-2 reporting of COVID-19-related sick leave and family leave

In Notice 2020-54, the IRS provided new guidance. The guidance advises employers on Form W-2 reporting of qualified sick leave and family leave wages
Read more
Social Security Taxes Deferred: What Does It Mean for Your Business?

Social Security Taxes Deferred: What Does It Mean for Your Business?

The President signed a Presidential Memorandum to defer employee's Social Security taxes. The action only defers the taxes; they’ll be paid back eventually.
Read more
The Energy-Saving Tax Credit Is Back! Do You Qualify?

The Energy-Saving Tax Credit Is Back! Do You Qualify?

This credit is best described as an energy-saving tax credit. It applies to improvements to the taxpayer’s existing home to make it more energy efficient.
Read more
Possible Tax Consequences of Paycheck Protection Program (PPP) Loans

Possible Tax Consequences of Paycheck Protection Program (PPP) Loans

Was your business lucky enough to get a Paycheck Protection Program (PPP) loan? Then, Fiducial has some info you may need about potential tax implications.
Read more
Don’t Throw Away Your Notice 1444! You’ll Need It for Your 2020 Taxes

Don’t Throw Away Your Notice 1444! You’ll Need It for Your 2020 Taxes

The IRS mailed Economic Impact Payment recipients a Notice 1444. This notice includes payment amount, payment method and how to report payment not received.
Read more
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.
Read more
Safe Harbor 401(k)s: IRS Relief for Midyear Contribution Changes

Safe Harbor 401(k)s: IRS Relief for Midyear Contribution Changes

In response to the COVID-19 crisis, the IRS issued Notice 2020-52. It offers sponsors of safe harbor 401(k) plans temporary relief from some requirements.
Read more
IRS Guidance on “Coronavirus-related” Distributions from Retirement Plans

IRS Guidance on “Coronavirus-related” Distributions from Retirement Plans

Notice 2020-50 gives guidance on "coronavirus-related distributions" from retirement plans. Fiducial offers details employers may need.
Read more
Paycheck Protection Program (PPP) Loan Application Period Extended

Paycheck Protection Program (PPP) Loan Application Period Extended

Miss your chance to apply for a Paycheck Protection Program (PPP) loan? Well, Congress extended the application period for PPP loans through August 8, 2020.
Read more
Lease vs. buy? Changes to accounting rules may change your mind

Lease vs. buy? Changes to accounting rules may change your mind

Rules for reporting leasing transactions are changing. The new requirements are making companies reevaluate their thinking on the issue of lease vs. buy.
Read more
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.
Read more
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.
Read more
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.”
Read more
Congress Liberalizes PPP Loan Forgiveness

Congress Liberalizes PPP Loan Forgiveness

Are you the owner of a small business that obtained a PPP Loan? Fiducial explains how to spend the loan proceeds to maximize PPP loan forgiveness.
Read more
Post-Pandemic Trends Shifting the Economy for Small Businesses

Post-Pandemic Trends Shifting the Economy for Small Businesses

Behaviors have changed during the Coronavirus outbreak. In fact, post-pandemic trends have become opportunities waiting to take off for savvy entrepreneurs.
Read more