What’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 article
WOTC 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 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
© Copyright 2024 Tax Credit Group, Inc. All rights reserved. | Custom website by Amplimark