Enacted in 1996, the Work Opportunity Tax Credit (WOTC) is a federal tax credit that eligible employers can claim if they hire eligible individuals who have consistently faced stringent barriers […]
Category: Small Business
Is It Time To Review Your Business’s Organizational Structure?
The way businesses operate has changed in many ways since the COVID-19 pandemic. Some of these changes are dramatic, and others are fairly straightforward. Now we are entering what can […]
New Independent Contractor Rules: Do They Affect Your Employees?
The Department of Labor’s final rule for employee or independent contractor classification under the Fair Labor Standards Act rescinds the 2021 Independent Contractor Rule, replacing it with guidance on analysis […]
How to Manage Cash Flow
Your business will be healthier if you manage your cash flow toward the profit line. How? Let’s look at some tips: When cash flow stays positive, your business can survive […]
Home Office Deductions: A Refresher on the Rules
The Internal Revenue Code (IRC) allows taxpayers to claim a business deduction for expenses arising from the qualified use of all or part of a residence, as long as certain […]