If you’re thinking about hiring new employees this this year you won’t want to miss out on tax and Payroll tax deduction breaks available to businesses with employees. 1. Payroll Tax Deduction for Startups As part of the Research & Development Tax Credit, for tax years 2016 and beyond, startup businesses (C-corps and S-corps) with […]
Top 6 Tax Breaks for Businesses Hiring New Employees Read More »
Fall is upon us and the start of a new school year is imminent. And with school comes the added expenses for clothing, supplies; and for college students, tuition, room and board and related expenses. Fortunately, there are some ways in the tax code to save money on expenses for the 2016-2017 school year. Here
Helpful Back to School Tax Tips Read More »
If you paid someone to care for a person in your household last year while you worked or looked for work, then you may be able to take the Child and Dependent Care Tax Credit and reduce the amount of tax owed. Here are 12 facts you should know about this important tax credit: 1.
Reduce Your Taxes with the Child Care Tax Credit Read More »
A typical tax filing can be relatively simple if you are taking that standard deduction. However, a lot of taxpayers become confused if they do not have enough deductions to itemize but they want to deduct expenses for a home-based business. Here is a common scenario: Taxpayer A rents an apartment. But he also has
Can I Take a Standard Deduction and Still Write Off Business Expenses? Read More »
This year, 2013, is fading fast and there are now less than 60 days remaining in the calendar year. Time to think about last minute tax preparation and structuring before the year expires. For small businesses, there is one deduction they should strongly consider taking advantage of this year; bonus depreciation. Here is how it
2013 May Be the Final Year for Bonus Depreciation Read More »
The American Taxpayer Relief Act (ATRA) extended a number of business tax credits through 2013 and changed more than 30 credits and deductions that range from the Expense Mine Safety Equipment Credit to the American Samoa Economic Development Credit. Some of the most useful credits for business owners include: The Housing Allowance Exclusion for Qualified
The Ups and Downs of the American Taxpayer Relief Act Read More »
Here is a summary of the changes that will affect small businesses.
Summary of Key Tax Changes: January 2011 Read More »
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