Work Opportunity Tax Credit
Business owners who need to hire should be aware of a valuable tax credit that’s available to employers hiring individuals from one or more targeted groups. The Work Opportunity Tax...
22 November, 2022
Tax Credit Tag
Tax Credits and Savings for Education
College is a significant investment, whether you’re paying for your own education or a dependent’s. Thankfully, there are tax credits to help defray the costs. Learn about two available...
18 September, 2022
What is the Work Opportunity Tax Credit (WOTC)?
The Work Opportunity Tax Credit is an incentive for businesses to hire workers who might have a challenging time entering the workforce. Learn about the WOTC requirements, credit amount, and...
18 September, 2022
IRS Delays Caused Employers to Wait on Needed COVID Tax Credit Relief
(authored by RSM US LLP) Congress passed multiple pieces of legislation aimed at providing relief to employers struggling due to the pandemic. A new Treasury Inspector General for Tax Administration...
08 September, 2022
The State Small Business Credit Initiative (SSBCI)
The State Small Business Credit Initiative (SSBCI) was reauthorized and allocated $10 billion in funding to help underserved entrepreneurs and small businesses access much-needed debt and equity capital. Learn about...
25 July, 2022
IRS Adds Vehicles to Qualified Plug-in Vehicle List
(authored by RSM US LLP) The IRS has added the 2021 Hyundai Ioniq to list of vehicles eligible for section 30D credit affecting buyers and lessors of these vehicles....
23 June, 2021
Advanced Child Tax Credit Explained
The American Rescue Plan Act of 2021 brought an increase to the Child Tax Credit. Check out the following graphic for an easy to read overview. For more details on...
29 April, 2021
Paid Leave for Employees Impacted by COVID-19 in 2021
(authored by RSM US LLP) Some employers can give paid leave to employees impacted by COVID in 2021 and claim a payroll tax credit per the American Rescue Plan Act....
22 April, 2021