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…
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How Small Businesses can Deal with Paying Sales Tax Across America
More and more, Americans are spending their time on the internet and small businesses are finding that if they want to connect with the customers, they have to be on the internet as well. A 2019 study by the website Big Commerce found that not only are Americans turning to the internet for information, they’re…
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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…
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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…
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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…
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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…
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