November 11 is Veterans Day (although it’s celebrated on November 10th because the 11th is a Saturday). According to the U.S. Census Bureau, veterans own 5.6% of businesses in the U.S. and employ 3.6 million workers. This is slightly less than the percentage of the U.S. population that is veterans—6.4%. The following is some materialContinueContinue reading “Entrepreneurial-Minded Veterans”
Tag Archives: Business
Prevailing Wage and Apprenticeship Rules that Boost Certain Tax Write-Offs
The Inflation Reduction Act introduced or expanded various tax rules—deductions and credits—related to green energy. Basic write-offs can be supercharged if employers involved in certain construction activities meet prevailing wage and apprenticeship (PWA) requirements. For example, the basic deduction for an energy-efficient commercial building that achieves a 50% reduction in energy and power costs inContinueContinue reading “Prevailing Wage and Apprenticeship Rules that Boost Certain Tax Write-Offs”
Sleep and the Workplace
Daylight Savings Time (DST) ends on November 5, 2023, at 2 a.m. It will begin on March 10, 2024. Many people are affected by these time changes. Johns Hopkins Bloomberg School of Public Health says that “the changing of the clock means misalignment of our bodies’ natural rhythms.” The Sunshine Protection Act, if enacted, would makeContinueContinue reading “Sleep and the Workplace”
Small Business Tax Savings Podcast – 5 Years in Review
First things first, I want to say thank you. Thank you for following and continuing to support the Small Business Tax Savings Podcast. It is because of listeners like you that we continue to do what we do. Our #1 goal is to help business owners pay the least amount in taxes as legally possible! NowContinueContinue reading “Small Business Tax Savings Podcast – 5 Years in Review”
The Untold Benefits of Hiring Your Kids in Your Business
Hiring your kids is one of the top kept tax saving secrets. Now when we start this conversation with clients a lot of people cringe and think this is something that the IRS surely would not allow. However, that is not the case. This is actually discussed directly in the tax code. However, it mustContinueContinue reading “The Untold Benefits of Hiring Your Kids in Your Business”
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