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Tax Deadlines Related to COVID-19 Affect HSAs and Retirement Plans

Tax Deadlines Related to COVID-19 Affect HSAs and Retirement Plans

The IRS issued another notice extending tax deadlines because of the COVID-19 pandemic. Notice 2020-35 supplements IRS Notice 2020-23 and earlier guidance.
COVID-19 Tax Credits Provide Much-Needed Relief

COVID-19 Tax Credits Provide Much-Needed Relief

Employers are entitled to refundable tax credits provided under two laws passed in response to the COVID-19 pandemic. Fiducial has the latest.
Business meal deductions: The current rules amid proposed changes

Business meal deductions: The current rules amid proposed changes

Rules for business meal deductions for “wining and dining” current/potential customers and employees have changed. But, you can still claim some write-offs.
Screen Employees for COVID-19 with EEOC Guidance

Screen Employees for COVID-19 with EEOC Guidance

Still running an office or operating a facility with employees on-site? Learn what you’re legally allowed to do to screen employees for COVID-19.
Offering COBRA to employees furloughed because of COVID-19

Offering COBRA to employees furloughed because of COVID-19

Many employers have placed all or some employees on mandatory furloughs. If your company has done so, you may wonder if you have to offer COBRA benefits.
Have an Amended Tax Return or Tax Liability? Don’t Wait to Repay

Have an Amended Tax Return or Tax Liability? Don’t Wait to Repay

Hoping to get a refund from a previous year’s amended tax return? Have a tax liability? Then, listen up! Fiducial has some info for you.
Small Business Survival Tips During COVID-19 Crisis

Small Business Survival Tips During COVID-19 Crisis

If you own a small business, you undertand the impact of COVID-19. You will need to take a pragmatic view of the steps you can to take to bounce back.
Your PPP Loan Forgiveness Will Probably be Less Than Anticipated

Your PPP Loan Forgiveness Will Probably be Less Than Anticipated

You’ve received a Paycheck Protection Program loan (PPP)! Now, start planning how to spend the PPP loan with loan forgiveness in mind. Fiducial can help!
Claim Casualty Loss Deductions for Rioting Damage at Your Business

Claim Casualty Loss Deductions for Rioting Damage at Your Business

Damage, destruction or loss of property from an event occuring suddenly, unexpectedly or unusually is a casualty. Recent casualties may mean tax deductons.
Charitable Giving Made Easier by Congress During the COVID-19 Crisis

Charitable Giving Made Easier by Congress During the COVID-19 Crisis

Congress wants to encourage charitable giving. So, they have relaxed restrictions on how much charitable contribution taxpayers can deduct in any one year.
The CARES Act Gives Businesses Big Tax Benefits

The CARES Act Gives Businesses Big Tax Benefits

The CARES Act is designed to help businesses weather the pandemic. It allows businesses to recover taxes previously paid, and provides financial relief.
Retirement Plan Distribution and Loan Relief Addressed by CARES Act

Retirement Plan Distribution and Loan Relief Addressed by CARES Act

The IRS recently issued FAQs about retirement plan distribution and loan relief under the CARES Act. Fiducial has all you need to know about this relief.
FFCRA’s Paid Leave Questions Get DOL Clarification

FFCRA’s Paid Leave Questions Get DOL Clarification

If you felt befuddled by the FFCRA’s initial guidelines on paid leave, you’re not alone. Luckily, Fiducial has answers with the DOL's updated guidelines.
The PPP and Health Care Enhancement Act-What’s in Them?

The PPP and Health Care Enhancement Act-What’s in Them?

President Trump has signed the PPP & HCE Act. This package, worth $484 billion, passed in both the Senate and the House the week of April 20, 2020.
Fortunate Enough to Get a PPP loan? Forgiven Expenses Aren’t Deductible

Fortunate Enough to Get a PPP loan? Forgiven Expenses Aren’t Deductible

The IRS issued guidance about provisions from the CARES Act regarding PPP loans. Certain deductions aren’t allowed if a business has received a PPP loan.
Charitable Deduction Rules Change Under CARES Act

Charitable Deduction Rules Change Under CARES Act

In order to incentivize charitable giving, the CARES Act made some changes. Good news for businesses: charitable deduction rules are even more favorable.