Fiducial Blog – Page 40

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

June 17, 2020

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

June 15, 2020

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

June 12, 2020

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

June 10, 2020

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

June 8, 2020

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

June 5, 2020

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

June 3, 2020

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

June 1, 2020

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?

May 29, 2020

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

May 27, 2020

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

May 25, 2020

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

Coronavirus-Related Tax Relief for U.S. Families and Individuals

May 22, 2020

The IRS has provided some coronavirus-related tax relief provisions for affected taxpayers. Fiducial gives you a look at what's being offered.

Net Operating Loss Tax Changes Provide Relief Through CARES Act

May 20, 2020

Fiducial has a look at how Congress modified net operating loss tax rules under the CARES Act. These changes may provide relief from the COVID-19 crisis.