Continuous developments in technology over the past years have compelled companies to frequently research and innovate. But research and development is a challenging task and sometimes incur heavy expenditures.
Now’s the perfect time to learn about Work Opportunity Tax Credit (WOTC) as it has been extended for another five years, making the new expiration date December 31, 2025.
In this day and age, more than survival, businesses strive to be the best. Having a good cash flow and maintaining the same amount of revenue is not enough, businesses are aiming to become the top players in their industry.
R&D tax credits are one of the most sustainable sources of funds for businesses. They reward businesses that invest in research and development by granting them relief from paying taxes i.e. tax credits. However, filing for tax credit when you’re not eligible for it can raise red flags. You don’t want to be blacklisted for claiming …
If you’re concerned about strategic tax planning, you need to learn about cost segregation. This is a financial tool that allows you to evaluate the value of money that goes into construction, renovation or remodeling projects. This allows companies to increase cash flow by deducting the money lost in depreciation and deferring state and federal …
Tax planning is essential for businesses who want to achieve long-term growth and profitability. Paying unnecessary taxes can put a toll on the financials of a company. Therefore, it’s crucial to take a proactive approach toward tax liabilities.
It’s one of the most common questions that we’re asked, and we understand why. Many businesses are working with tight budgets and don’t have enough room to hire professional services for taxation, so it’s understandable they are skeptical and don’t want to incur an expense.