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Tax Credit Transfers: What, How, When?
For many years, states have allowed taxpayers to transfer certain tax credits, effectively selling a tax break for cash. Now, federal tax law offers a ... -
One Retirement Plan and 5 Tax Credits
A qualified retirement plan is an important employee benefit to attract and retain valued workers. According to Vestwell 2023 Retirement Trends Report, 73% of employees ... -
Tax Credit Refunds—What to Know
Tax credits are a dollar-for-dollar reduction of taxes owed. Some credits offset income taxes; others offset employment taxes. Some credits are part of the general ... -
Tax Credits Ending Soon: What to Do Now
A month from now, on September 30, 2021, a number of business tax credits end. Others are scheduled to expire at the end of the ... -
Slash Your Federal Tax Bill with Income Tax Credits
A tax credit is a dollar-for-dollar reduction of tax liability. During COVID-19, much attention has been focused on employment tax credits for paid sick leave, ... -
Consolidated Appropriations Act, 2021: What’s in It for You?
On December 27, 2020, a massive new law was signed by the President to fund the federal government through the end of fiscal year 2021 ... -
Government Incentives for Small Businesses: What’s in It for You?
Governments -- federal, state, and local — provide a variety of economic incentives to encourage businesses to hire workers, invest in capital equipment and property, ... -
Supplement to J. K. Lasser’s 1,001 Deductions and Tax Breaks 2020
The tax law is not static. Since the publication of this book, Congress has enacted a massive spending measure—the Further Consolidated Appropriations Act, 2020. Part ... -
What Do Tax Stats Tell Us about Small Business?
The IRS released statistics on 2014 income tax returns filed by individuals. It includes income and losses reported by sole proprietors on Schedule C, farmers ...
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Small business ideas, business tax news and small business consulting from Barbara Weltman to provide business owners with the information they need to succeed. Visit our small business blog, Idea of The Day®, small business books and articles on small business taxes, small business finance and small business legal advice.
