California Competes Tax Credit – Deadline: 10/27/2014
With the sunset of the California Enterprise Zone comes a new opportunity for a California business tax credit, the introduction of the California Competes Tax Credit. The tax credit has […]
With the sunset of the California Enterprise Zone comes a new opportunity for a California business tax credit, the introduction of the California Competes Tax Credit. The tax credit has […]
Tax credits can be especially valuable because they reduce taxes dollar-for-dollar; deductions reduce only the amount of income that’s taxed. A couple of credits are available for higher education expenses: […]
Did you know that bonus 50% first-year depreciation will no longer be available to your business in 2014 and beyond? And that the Section 179 expensing limit, which allows you […]
It seems like a Catch-22 situation. Due to a rule change, in 2014 you can only claim the federal “tax credit for small employer health insurance premiums” when you purchase […]
Did you buy health insurance on the government website? If so, you may be eligible for a federal tax credit that begins this month. The new “premium assistance credit” will […]
Since 2010, small businesses have been able to claim a tax credit if they have less than 25 full-time equivalent employees, pay average annual wages below $50,000, and contribute at […]
Many employers — including nonprofits — will enjoy a one-year respite from a significant provision of the 2010 health care act: shared responsibility, also known as “play or pay.” The […]
Together you make a family. Is this the year you’ll become an adoptive parent? In addition to the benefits of family togetherness, you might also qualify for a special break […]
Day camp is a qualified expense under the child or dependent care credit, which is worth 20% of qualifying expenses (more if your adjusted gross income is less than $43,000), […]
If you’re considering expanding your staff, hiring from certain disadvantaged groups before the end of 2013 can save you tax. The American Taxpayer Relief Act of 2012 extended the Work […]