What to Do about a Retirement Plan for Your Business?

The following article was published by the SBA. According to the Census Bureau, only 45 percent of workers at companies with 1 to 49 employees had access to a retirement plan. This percentage jumped to 76 percent at companies with 50 to 99 employees, and to 90 percent for companies with 100 or more employees. …

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Paid Family and Medical Leave Employer Credit

If you provide paid family and medical leave for your employees, you may be eligible for a tax credit of up to 25% of what you paid in wages during an employee's leave for up to 12 weeks per tax year.

Several Tax Law Changes May Affect Bottom Line of Many Business Owners

The following article was published by the IRS.  The Internal Revenue Service is reminding business owners that tax reform legislation passed last December affects nearly every business. With just a month left in the year, the IRS is highlighting important information for small businesses and self-employed individuals to help them understand and meet their tax …

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Here’s How the New Tax Law Revised Family Tax Credits

The following article was published by the IRS. More families will be able to get more money under the newly-revised Child Tax Credit, according to the Internal Revenue Service. The Tax Cuts and Jobs Act (TCJA), the tax reform legislation passed in December 2017, doubled the maximum Child Tax Credit, boosted income limits to be …

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Tax Credits Help Offset Higher Education Costs

The following article was published by the IRS. Taxpayers who pay for higher education in 2018 can see tax savings when they file their tax returns. If taxpayers, their spouses or their dependents take post-high school coursework, they may be eligible for a tax benefit. There are two credits available to help taxpayers offset the …

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Education Tax Credits

If you or your children are attending college, you could save money just by filing a tax return. You could get up to $2,500 for the American Opportunity Tax Credit for each eligible student, or up to $2000 for the Lifetime Learning Credit. For more information and to find out if you qualify, go to …

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To Everything There is a Season – Except Tax Scams

The following article was published by the IRS. Many people don’t really think about taxes once the tax season is over…but people promoting scams do. Each year, the IRS releases the top 12 scams, known as the Dirty Dozen. The schemes range from simple refund inflation to technical tax shelter deals. Here’s a review of …

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