The Best and Worst States when it Comes to Taxes
There are a lot of factors to consider when you begin to establish your business and one factor that is often overlooked is the effect state taxes will have on your business’s bottom line. Sometimes businesses forget that in addition to those federal taxes, they also have to pay state taxes and often local city…
Read article
Things to Know About Paid Family/Medical Leave Tax Credits
A few years ago, the IRS made some changes to the tax credit employers receive for giving employees paid family or medical leave. The IRS code section 45S will be in effect until the end of this year, though it’s possible that Congress could decide to extend it beyond December 31, 2019. For employers, it…
Read article
Tax Relief for When Disaster Strikes
The start of summer also marks the beginning of hurricane season for the south and eastern parts of the United States and the start of wildfire season in western parts of the United States. While no one ever wishes that disaster strikes, there’s always the possibility. For those who have had the misfortune of dealing…
Read article
Ways to Go Green and Save Your Business Money
Making your business environmentally friendly isn’t just good for the Earth it may also be good around tax time. That’s because the IRS has a lot of tax credits and deductions in place for businesses that make an effort to go green and encourage their employees to do the same. Encourage Bicycling to Work Under…
Read article
How Small Businesses Can Take Advantage of Tax Savings when it Comes to Retirement
According to the Small Business Administration’s latest survey, there were approximately 30.2 million small businesses in the U.S. in 2018 with a total of 58.9 million employees. That means a majority of those small businesses were run by just one person, maybe two at the most. Small business owners are stranded in a weird limbo…
Read article
Alternative Motor Vehicle Tax Credits
When it comes to running a business, especially one that relies on transportation, it’s important that you take every advantage you can. It can be financially painful to purchase a new work vehicle every five to ten years and even more painful if you need to purchase more than one vehicle. Luckily, the IRS gives…
Read article
© Copyright 2024 Tax Credit Group, Inc. All rights reserved. | Custom website by Amplimark