How Spring Cleaning and Tax Deductions Go Hand In Hand
It’s springtime and for many people, that means spring cleaning. However, spring cleaning should not just be for your home, you should also think about extending it to your business. It’s tough to admit that the inventory that’s been gathering dust on your shelf is never going to sell, or the old business equipment that…
Read article
The Difference Between a Tax Credit and a Tax Write-Off / Deduction
For non-tax people, it can be easy to consider a tax credit and a tax write-off to be one and the same. After all, both of them offer benefits on your taxes, ideally in the form of you paying less. In other words, they’re both good. But to a tax professional, they are actually different…
Read article
Public Aid Recipients
The Work Opportunity Tax Credit (WOTC) is awarded to employers for hiring from ten target groups. Some of the most commonly certified (WOTC) groups are recipients of federal public aid, such as food stamps, family assistance (TANF) or social security. Chances are you’ve hired someone in this category without ever knowing it. Over 19 million…
Read article
Veteran Hiring Credits
Do you know a military veteran in search of a job? When you recruit from this group, you bring jobs to the the men and women who have protected our country. Not only can your hiring practices benefit military veterans in need of work. You could also qualify for the federal Work Opportunity Tax Credit…
Read article
Tax Relief for Hurricane Michael & Florence
Do you operate in an area affected by last year’s hurricanes? Do you hire persons in impacted areas? If so, your business may have extra time to submit Work Opportunity Tax Credit (WOTC) applications. Under typical circumstances, WOTC program participants have 28 days from new hires’ start dates to apply for the Work Opportunity Tax…
Read article
President Signs Disaster Tax Relief Bill
In the last three months, US residents were devastated and are now faced with recovering from the impact of Hurricanes Harvey, Irma, and Maria, with Harvey being one of the most powerful in recent history. As we all know after such devastation, it is vital to a community to get back to operational as…
Read article
© Copyright 2024 Tax Credit Group, Inc. All rights reserved. | Custom website by Amplimark