Discover key business tax credits that reduce liabilities and boost growth — from the Work Opportunity Credit to Childcare, R&D, and Energy Incentives. Learn how to qualify and benefit.
tax credits
Federal EV Tax Credits: Should They Stay or Go?
Explore the debate over federal EV tax credits, weighing their impact on adoption, emissions, and economic fairness.
IRS Highlights New Warning Signs for Businesses Regarding the Employee Retention Credit
Learn about five new IRS warning signs for Employee Retention Credit (ERC) claims to avoid costly mistakes and maintain compliance with tax regulations.
Planning On Buying a New Electric Vehicle and Claiming a Tax Credit? Better Read This First
Congress added some new qualifications as to which vehicles qualify, and has limited who qualifies for the credit by barring the credit to higher income taxpayers.
What’s Next for the Child Tax Credit?
If your family received advance child tax credit funds, you are not alone in wondering what will come next from Congress for 2022. Learn more.
Employers Hiring New Employees Able to Claim Work Opportunity Tax Credit
The Covid-19 pandemic has had a significant impact on the labor market – mandated government lockdowns and workers’ and customers’ fears of contracting the illness resulted in businesses closing or temporarily cutting back and laying off or furloughing millions of employees. In April 2020, the unemployment rate reached 14.8%, the highest rate since such data started to be collected in 1948. While by September 2021 the unemployment rate had declined to 4.8%, millions of job openings went unfilled as former employees were reluctant to return to work. Some businesses still weren’t operating at full capacity because they weren’t able to find enough employees.