To get my complete, FREE articlewith all the details… Leave it to the IRS to find a new way to hurt S and C corporations. The IRS wants to cause you pain. Here’s how… The new IRS Notice 2021-49 disallows the valuable employees tax credit (ERC) to more-than-50% owners… owners who have certain living relatives. That’s right. Your corporation can’t qualify for the … [Read more...]
Investment tax credits
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Vaccinated? Claim Tax Credits for You and Your Employees
To get my complete, FREE articlewith all the details… As you know, because of the terrible COVID-19 crisis, the federal government wants every eligible person to get vaccinated. And since Uncle Sam knows that a little sugar makes the medicine go down, he’s providing you and your employees with a sweet incentive What employers need to know now. If you give your … [Read more...]
How Renovating a Historic Building Can Put Cash in Your Pocket
To get our complete, FREE articlewith all the details… Have you heard of the federal “Rehabilitation Tax Credit”? If you haven’t, our new article makes must reading. You see, the Rehabilitation Tax Credit is a 20% tax credit available to owners or leaseholders who renovate certified historic buildings. Tax credits, unlike deductions,slash your tax bill … [Read more...]
Q&A: Claim 30% Tax Credit for a New Roof to Hold Solar Panels
Thinking about putting some solar panels on your roof? It makes a lot of sense. Harnessing the power of the sun to create electricity is good for the environment, good for your electricity bill, and good for your wallet. You see, you are eligible for a generous 30-percent residential tax credit when you install solar equipment on your residence. Want to learn more … [Read more...]
New employer tax credit for family and medical leave
One great way to attract and retain outstanding employees is to provide them with valuable benefits. Now, thanks to the Tax Cuts and Jobs Act, you can take advantage of a new federal income-tax credit that rewards you for providing paid family and medical leave benefits to your employees. That’s right. If you act promptly, you can get a dollar-for-dollar offset to your … [Read more...]