Tax Credits
Get valuable insights on how to secure tax-saving opportunities for job creation, retention, research and other qualified expenses.
The Employee Retention Credit expired September 2021, but qualifying businesses can retroactively claim it. Find out who qualifies for the...
Learn how qualifying businesses have an opportunity to double their R&D tax credit with changes made by the Inflation Reduction...
California Governor Gavin Newsom included modifications to the New Employment Credit (NEC) in his latest budget. Learn what these changes...
An Inflation Reduction Act tax credit transfer or direct pay election may be the solution for taxpayers looking to claim new clean energy...
The IRS is warning employers against ERC fraud. The following examples of fraudulent practices have resulted in fines and/or...
When committing to a hybrid workforce with remote workers, employers should consider the local tax incentives they may forfeit, and new ones to...
Hiring tax credits can have a significant impact on a company’s tax liability. For example, by using the Work Opportunity Tax Credit (WOTC), companies...
In September, we wrote about a Treasury Inspector General for Tax Administration (TIGTA) report highlighting processing delays at the IRS directly affecting ERC claims....
Hiring peaks can inundate HR departments with additional administrative burdens, making it a struggle to keep up when there’s a surge of new applicants...
Overcome common WOTC screening challenges to optimize management and increase savings while helping disadvantaged individuals find...
On September 19, 2022, the IRS published a news release regarding the Work Opportunity Tax Credit (WOTC), “IRS updates Information on tax credit helping...
Skilled nursing facilities have tended to avoid the employee retention credit because of its complexities, despite likely meeting eligibility...
Before filing a claim for the ERC, employers should fully understand its background and best practices to prepare for a possible IRS ERC...
Following a disaster, there are employer next steps to best manage federal aid including disaster unemployment assistance and a disaster relief tax...
The Work Opportunity Tax Credit program (WOTC) has been around for several decades, yet many employers are still not aware of its features and...
Some tax advisors are misstating the rules related to deadlines for Employee Retention Credit (ERC) claims. They may say that amendments can be filed...
There are several updates for employer tax credit programs in recent weeks relevant to businesses. These include an explanation from the IRS Chief Counsel...
Many vendors make big, generic promises about the ERC that fall short. Consider these four questions to ask an ERC provider before making a......
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Recent Posts
- Challenges of Payroll Tax Withholding For Remote Employees
- ERC Eligibility: Who Qualifies for ERC?
- Double Your R&D Credit With the Inflation Reduction Act
- FAQs About Form I-9 Compliance
- Payroll Year-End Checklist and Tax Guide
- How to Prevent Form I-9 Mistakes
- California Governor Proposes Revised NEC Tax Credit in Budget
- Reasonable Assurance – UI for Educational Employees
- Employer Tax Withholding vs. Tax Filing
- Preventing Unemployment Insurance Fraud