A valuable business tax credit As of January 2025, the unemployment rate was reported to be 4%. Employers facing hiring challenges may benefit from a valuable one-time federal tax credit available through 2025. The Work Opportunity Tax Credit (WOTC) incentivizes… Read more »
Read Full Newsletter »2025 Depreciation limits for business vehicles, beware identity theft, Federal Tax News for Businesses, small business stock, tax treatment corporations
What Certain IRS Notices Mean What does it mean if a business receives a Notice CP2100 or CP2100A from the IRS? These notices tell recipients that the Form 1099 information returns they’ve submitted contain missing or incorrect Taxpayer Identification Numbers,… Read more »
Read Full Newsletter »Advanced Manufacturing Investment Credit, Federal Tax News for Businesses, Good Records for Businesses, IRS Notices, New Corporate Alternative Minimum Tax, tax news
Businesses Targeted for Identity Theft The IRS is warning businesses that they may be prime targets for identity theft. How do you know if your company’s identity has been stolen? According to the IRS, you should investigate if you receive… Read more »
Read Full Newsletter »A Proposed New Way to Report Tips, A Scam Involving Employee Retention Credits, business tax, Business vs. Hobby: Protect Your Tax Deductions, Businesses Targeted for Identity Theft, Deduct the Cost of Seeking New Business, Federal Tax News for Businesses
Tax Credit Helps Employers Who Hire Certain Employees If your business is looking to hire, you should know about a valuable one-time tax credit. The Work Opportunity Tax Credit (WOTC), which is available through 2025, encourages employers to hire from… Read more »
Read Full Newsletter »Construction Businesses Requirements to Claim Credits, Contributions to 401(k)s and Other Retirement Accounts Going Up in 2023, Federal Tax News for Businesses, Inflation Reduction Act (IRA), No Deductions for Political Advertising Expenses, Tax Credit Helps Employers Who Hire Certain Employees, Tax Responsibilities for Nonemployees, The Work Opportunity Tax Credit, WOTC, WOTC IRS FAQ List
Proposed Tax Credits for Chip Manufacturers Bipartisan support in Congress for a (limited) tax bill? It’s true! The pared-down CHIPS Act, which would provide tax credits for companies to invest in semiconductor manufacturing, has support from lawmakers in both parties…. Read more »
Read Full Newsletter »Cannabis Businesses Face Many Challenges, Employers Charged the Trust Fund Recovery Penalty in 2 Cases, Federal Tax News for Businesses, Maintain Meticulous Records to Protect Your Deductions, Proposed Tax Credits for Chip Manufacturers, When Do Businesses Need to Withhold Tax on Certain Payments?