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 […]
Tag: Tax Credits
Credits vs. Deductions: What’s the Difference?
Tax deductions and tax credits can both help you, but that doesn’t mean they’re the same thing. Knowing how they work can help you understand your tax situation. Tax credits […]
Get Ready To File in 2024
The beginning of the new year is the time for taxpayers to start gathering their documents to file their 2023 returns. And the IRS has announced some important enhancements taxpayers […]
Small Retirement Plan Sponsors Tax Credits
All business owners face the challenges of not only attracting talent but also retaining employees once they are hired. One major way to increase your employee retention rate is to […]
When To Plan for Tax Season
Reduce your taxes or increase your refund for your next return by planning throughout the year. The IRS suggests that your first consideration should be going to IRS.gov for online […]