Why 2019 is the Year to Harness the Sun
There are plenty of tax credits out there for businesses, but if there’s one that you want to take advantage of in 2019, it’s the Solar Investment Tax Credit (ITC). That’s because the credit is at its peak this year and in 2020 it’s going to drop. What is the Solar Investment Tax Credit? In…
Read articleThe Indian Employment Tax Credit
Employers who hire Native American Indians are well advised to look into whether they qualify for the Indian Employment Tax Credit (IEC). As with other tax credits, qualified employers may receive a certain monetary incentive when they file their annual taxes. What Exactly is the Indian Employment Credit? The IEC is a monetary incentive provided…
Read articleThe New York Minimum Wage Tax Credit
New York offers millions of dollars’ worth of tax incentives every year for employers. If your business is in this state, the good news is you may qualify for more than one tax credit that may each add up to thousands. These credits not only aim to boost investment in New York businesses, they also…
Read articleWhat’s the Difference Between a Tax Credit Specialist and a Certified Public Accountant (CPA)?
We here at the Tax Credit Group are tax credit specialists, but we always get a lot of questions about personal and corporate taxes and accounting. It’s understandable. For many people, the words tax and accountants are synonymous and so it’s easy to think that we can specialize in taxes and CPAs specialize in tax…
Read articleWOTC Piggy-Back Credits: Do They Apply to You?
WOTC, the Work Opportunity Tax Credit, is a point-of-hire tax incentive provided by the federal government that rewards businesses for hiring employees from certain target groups. These groups of people constantly face employment barriers and have traditionally held high unemployment rates. If you hire an applicant who qualifies for WOTC, you may receive a reduction…
Read articleHow Small Businesses can Deal with Paying Sales Tax Across America
More and more, Americans are spending their time on the internet and small businesses are finding that if they want to connect with the customers, they have to be on the internet as well. A 2019 study by the website Big Commerce found that not only are Americans turning to the internet for information, they’re…
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