The Work Opportunity Tax Credit can lower your construction company’s tax bill dollar-for-dollar. Here’s a simple overview of how it works.
Tag: tax credits
Tax-saving fundamentals for construction companies
It might seem like “tax time” is just about over, but contractors should keep some things in mind all year long.
The election to apply the research tax credit against payroll taxes
Does your startup business have little or no income tax liability? You may be eligible for a payroll tax credit election for increasing research activities.
Businesses with employees who receive tips may be eligible for a tax credit
Owners of restaurants and bars have had a rough couple of years due to the pandemic. Keep in mind that employers in the food and beverage industry may be eligible for a valuable tax break with the FICA tip credit. Here’s how it works.
U.S. House passes the Build Back Better Act
The Build Back Better Act is one step closer to becoming law as it passes the U.S. House.
Don’t forget to factor 2022 cost-of-living adjustments into your year-end tax planning
Take these 2022 cost-of-living amounts into consideration as you work on your year-end tax planning.
Real Benefits from the Employee Retention Credit in Healthcare
Although the ERC calculations can be meticulous, the potential benefits that practices had seen are worth examining. We have worked with many business owners in the healthcare industry to help calculate and claim this credit. Get the details here.
Arizona Tax Credit Alert 2021
Read the latest update regarding the extended charitable giving incentives for Arizona taxpayers
Claiming the business energy credit for using alternative energy
There’s a great deal of interest in alternative energy technologies today. If your business invests in certain equipment or property, what are the federal tax benefits? This article explains.
Work Opportunity Tax Credit extended through 2025
The Work Opportunity Tax credit was set to expire on Dec. 31, 2020. But a law passed late last year extends it through Dec. 31, 2025. Here’s how employers can benefit if they’re hiring.
