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  • Why You Need a Professional to Help You Claim Tax Credits

    The U.S. Treasury recently issued a report that said that millions of dollars of tax credits have been issued to people who had no right to claim them. The report found that about 7 percent of the taxpayers claiming the Alternative Motor Vehicle Tax Credit, were not filing a claim for qualified electric vehicles. We […] Read more

  • What to Do if Immigration and Customs Enforcement (ICE) Comes to Your Business

    With the current political climate, many small business owners are concerned that Immigration and Customs Enforcement (ICE) will pay a visit to their business. Despite their best efforts, small business owners can’t always know what goes on behind the scenes with every employee. Plus, these are co-workers and in many cases friends. Why Would ICE […] Read more

  • Celebrating National Disability Awareness Month

    October is National Disability Awareness Month and it offers the perfect excuse to once again highlight the Work Opportunity Tax Credit (WOTC). For many businesses, the WOTC is the easiest tax credit for them to achieve. Basically, the federal government is offering you an incentive for hiring from specific groups like veterans, persons with disabilities […] Read more

  • Translating Military Experience to the Civilian Job Market

    When you leave the military, it’s sometimes difficult to figure out how the experiences that you had during your service relate to the civilian job market. It’s tough to explain to someone that retiring as a Master Sergeant in the Army you have proved that you had the work ethic, the ability to lead, and […] Read more

  • What You Need to Know About the Work Opportunity Tax Credit (WOTC)

    Here at the Tax Credit Group, we spend a lot of time talking about the Work Opportunity Tax Credit, also known as the WOTC, and what it does. We talk about it so much that it often gets ingrained in our speech and we sometimes forget that other people don’t know what it is or […] Read more

  • Top 5 Job Categories for Veterans

    Once their years of service are over, many veterans are still young enough to enter the workforce, and start a second career. But figuring out what that second career is can be tough. Here are five jobs categories that have plenty of opportunities for veterans Operations Manager According to the site GI Jobs, Military Friendly […] Read more

  • Why 2019 is the Year to Harness the Sun

    There are plenty of tax credits out there for businesses, but if there’s one that you want to take advantage of in 2019, it’s the Solar Investment Tax Credit (ITC). That’s because the credit is at its peak this year and in 2020 it’s going to drop. What is the Solar Investment Tax Credit? In […] Read more

  • The Indian Employment Tax Credit

    Employers who hire Native American Indians are well advised to look into whether they qualify for the Indian Employment Tax Credit (IEC). As with other tax credits, qualified employers may receive a certain monetary incentive when they file their annual taxes. What Exactly is the Indian Employment Credit? The IEC is a monetary incentive provided […] Read more

  • The New York Minimum Wage Tax Credit

    New York offers millions of dollars’ worth of tax incentives every year for employers. If your business is in this state, the good news is you may qualify for more than one tax credit that may each add up to thousands. These credits not only aim to boost investment in New York businesses, they also […] Read more

  • What’s the Difference Between a Tax Credit Specialist and a Certified Public Accountant (CPA)?

    We here at the Tax Credit Group are tax credit specialists, but we always get a lot of questions about personal and corporate taxes and accounting. It’s understandable. For many people, the words tax and accountants are synonymous and so it’s easy to think that we can specialize in taxes and CPAs specialize in tax […] Read more

  • WOTC Piggy-Back Credits: Do They Apply to You?

    WOTC, the Work Opportunity Tax Credit, is a point-of-hire tax incentive provided by the federal government that rewards businesses for hiring employees from certain target groups. These groups of people constantly face employment barriers and have traditionally held high unemployment rates. If you hire an applicant who qualifies for WOTC, you may receive a reduction […] Read more

  • How Small Businesses can Deal with Paying Sales Tax Across America

    More and more, Americans are spending their time on the internet and small businesses are finding that if they want to connect with the customers, they have to be on the internet as well. A 2019 study by the website Big Commerce found that not only are Americans turning to the internet for information, they’re […] Read more

  • The Best and Worst States when it Comes to Taxes

    There are a lot of factors to consider when you begin to establish your business and one factor that is often overlooked is the effect state taxes will have on your business’s bottom line. Sometimes businesses forget that in addition to those federal taxes, they also have to pay state taxes and often local city […] Read more

  • Things to Know About Paid Family/Medical Leave Tax Credits

    A few years ago, the IRS made some changes to the tax credit employers receive for giving employees paid family or medical leave. The IRS code section 45S will be in effect until the end of this year, though it’s possible that Congress could decide to extend it beyond December 31, 2019. For employers, it […] Read more

  • Tax Relief for When Disaster Strikes

    The start of summer also marks the beginning of hurricane season for the south and eastern parts of the United States and the start of wildfire season in western parts of the United States. While no one ever wishes that disaster strikes, there’s always the possibility. For those who have had the misfortune of dealing […] Read more

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