One Big Beautiful Bill Act: Key Hospitality Tax Credits & Deductions for Hotels and Restaurants in 2025
The One Big Beautiful Bill Act (OBBBA) introduces significant changes that impact hospitality tax planning in 2025 and beyond. For hotels, restaurants, and event venues, the legislation restores powerful incentives that can improve cash flow, accelerate deductions, and strengthen long-term growth strategies. If you operate in the hospitality industry, understanding these new hospitality tax credits…
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Top 10 Commonly Overlooked Small Business Tax Credits
Running a small business means juggling countless responsibilities, and tax planning often falls to the bottom of the list. Yet, there are numerous tax credits for small businesses designed to ease your financial burden—many of which go unnoticed. Here are 10 commonly overlooked tax credits that could save your business thousands. 1. Work Opportunity Tax…
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Tax Credit Analysis – Is Your Business Paying More Than It Should?
Every business wants to lower its tax burden, but most don’t realize the potential tax savings they are missing out on. With ever-changing government incentives and credit programs, it’s easy for small and medium-sized companies to miss valuable opportunities. That’s where our Tax Credit Analysis comes in — and why Tax Credit Group (TCG) offers it free for qualified businesses. What Is a…
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Differences Between a Tax Credit and a Tax Deduction
For any business owner, maximizing profit means minimizing tax liability. But when you’re facing a complex tax return, the choice between a tax deduction and a tax credit isn’t just a matter of semantics—it’s a critical financial decision that can save or cost your company thousands. Understanding whether an expense reduces your taxable income or…
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Common Misconceptions About Employee Retention Credit
The Employee Retention Credit (ERC) was introduced in 2020 as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and has been a popular, yet confusing, tax credit that has evolved because of the pandemic. ERC has been retroactively updated and amended several times since it began, causing so many gray areas. Most employers are…
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Employee Retention Tax Credit: ERC Refund Delays
If your business filed for the Employee Retention Credit (ERC) for years 2020 and 2021 on time but still hasn’t seen a refund, you’re not alone. Thousands of companies are caught in limbo, waiting for the IRS to process their claims. The ERC was supposed to provide fast relief — but the system has been…
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