The federal spending package that was enacted in the waning days of 2019 contains numerous provisions that will impact both businesses and individuals. In addition to repealing three health care taxes and making changes to retirement plan rules, the legislation extends several expired tax provisions. Here is an overview of several of the more important […]
Business Tax
Are Opportunity Zones an Opportunity for You?
Created by the TCJA in 2017, opportunity zones are designed to help economically distressed areas by encouraging investments. This article contains an introduction to the complex details of how these zones work. The IRS describes an opportunity zone as “an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment.” […]
Reap the Benefits of the Work Opportunity Tax Credit
The Work Opportunity Tax Credit gives employers tax benefits for hiring people who fall within certain qualifying categories. This can be a big boon to companies and employers! Click through to learn the ins and outs. In December 2015, an extension to the Work Opportunity Tax Credit was signed in law. It helps match employers […]