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Tax Credits

Sec. 179 expensing provides small businesses tax savings on 2017 returns — and more savings in the future

Income Tax, Real Estate, Small Business, Tax, Tax Credits, Tax Savings /

If you purchased qualifying property by December 31, 2017, you may be able to take advantage of Section 179 expensing on your 2017 tax return. You’ll also want to keep this tax break in mind in your property purchase planning, because the Tax Cuts and Jobs Act (TCJA), signed into law this past December, significantly

Sec. 179 expensing provides small businesses tax savings on 2017 returns — and more savings in the future Read More »

Tax credit for hiring from certain “target groups” can provide substantial tax savings

Business Credit, Income Tax, Small Business, Tax Credits, Tax Savings, WOTC /

Many businesses hired in 2017, and more are planning to hire in 2018. If you’re among them and your hires include members of a “target group,” you may be eligible for the Work Opportunity tax credit (WOTC). If you made qualifying hires in 2017 and obtained proper certification, you can claim the WOTC on your 2017 tax

Tax credit for hiring from certain “target groups” can provide substantial tax savings Read More »