As we navigate the 2026 fiscal year, the hiring landscape continues to evolve. For savvy business owners and HR leaders, the Work Opportunity Tax Credit (WOTC) remains a cornerstone of a smart, fiscally responsible recruitment strategy. Here is why WOTC should be an integral part of your 2026 hiring plan. 1. Retroactive Savings: The “Hiatus”…
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The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, introduced sweeping federal tax changes that impact multiple industries—including construction, real estate development, and infrastructure. For contractors, developers, and construction firms, the legislation creates both new tax planning opportunities and important changes to longstanding incentives. Understanding these changes is important to maximize deductions, manage project costs, and…
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The One Big Beautiful Bill Act (OBBBA) introduces significant changes that impact hospitality tax planning in 2025 and beyond. For hotels, restaurants, and event venues, the legislation restores powerful incentives that can improve cash flow, accelerate deductions, and strengthen long-term growth strategies. If you operate in the hospitality industry, understanding these new hospitality tax credits…
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Running a small business means juggling countless responsibilities, and tax planning often falls to the bottom of the list. Yet, there are numerous tax credits for small businesses designed to ease your financial burden—many of which go unnoticed. Here are 10 commonly overlooked tax credits that could save your business thousands. 1. Work Opportunity Tax…
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Every business wants to lower its tax burden, but most don’t realize the potential tax savings they are missing out on. With ever-changing government incentives and credit programs, it’s easy for small and medium-sized companies to miss valuable opportunities. That’s where our Tax Credit Analysis comes in — and why Tax Credit Group (TCG) offers it free for qualified businesses. What Is a…
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For any business owner, maximizing profit means minimizing tax liability. But when you’re facing a complex tax return, the choice between a tax deduction and a tax credit isn’t just a matter of semantics—it’s a critical financial decision that can save or cost your company thousands. Understanding whether an expense reduces your taxable income or…
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The Employee Retention Credit (ERC) was introduced in 2020 as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and has been a popular, yet confusing, tax credit that has evolved because of the pandemic. ERC has been retroactively updated and amended several times since it began, causing so many gray areas. Most employers are…
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If your business filed for the Employee Retention Credit (ERC) for years 2020 and 2021 on time but still hasn’t seen a refund, you’re not alone. Thousands of companies are caught in limbo, waiting for the IRS to process their claims. The ERC was supposed to provide fast relief — but the system has been…
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The IRS offers tax credits designed to reward the very things small businesses are already doing to grow. The tricky part is figuring out which ones apply to you. A tax credit is different from a deduction. Deductions lower your taxable income, while credits reduce your tax bill dollar-for-dollar. That means they can have a…
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You already know that the Work Opportunity Tax Credit (WOTC) federal tax incentive can translate into significant savings for your business by simply hiring individuals from specific target groups. But understanding that WOTC exists and actually claiming those credits are two different things. The most important bridge between the two is the WOTC screening process.…
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