If you’re thinking about hiring new employees this year, you won’t want to miss out on these tax breaks. 1. Work Opportunity Credit The Work Opportunity Tax Credit (WOTC) is a federal tax credit for employers that hire employees from the following targeted groups of individuals: A member of a family that is a Qualified […]
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Millions of Americans have hobbies such as sewing, woodworking, fishing, gardening, stamp and coin collecting, but when that hobby starts to turn a profit, it might just be considered a business by the IRS. Definition of a Hobby vs. a Business The IRS defines a hobby as an activity that is not pursued for profit.
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4 Ways for Small Businesses to Maximize ROI Running a small business is challenging, and especially in the early stages, turning a profit often seems elusive. One of the biggest issues for small business owners is finding the time to operate their business and bring in new customers at the same time. This is the
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