Taxes are a complicated and confusing thing. The tax code is as incomprehensible a thing as there ever was. In fact, it is so large that there is nobody who fully understands it. This is why many small business owners get into tax trouble because they aren’t even aware that they did things wrong or …
Tax Return Articles and Interviews (tag)
All There Is to Know about RD Tax Credits
The legislation, formerly known as the Research and Experimentation Tax Credit, was included as a temporary provision in the Economic Recovery Tax. Over the previous 40 years, the number of eligible state RD Tax Credits has risen rapidly, and so have the benefits of those credits. The 1981 Act …
6 Overlooked Tax Credits for Small Business Owners
Benjamin Franklin is supposed to have said, "In this world, nothing can be said to be certain, except death and taxes." The IRS collected nearly $263.6 billion in income tax, before refunds, from businesses in FY 2020. As a business owner, did you know that you may be leaving thousands of dollars …
Going on a Business Shopping Spree with Your Personal Tax Return
According to USA Today, the average 2014 tax refund will be more than $3,000. It’s tempting to use that money to take your family on a nice vacation, splurge on those designer duds you’ve been eyeing, or on some other guilty pleasure. But what if you took that money and invested it into your …
