The Work Opportunity Tax Credit (WOTC) is a valuable tax incentive for small business owners who hire individuals from certain targeted groups that face significant barriers to employment. This federal tax credit is designed to encourage workplace diversity and provide access to good jobs for eligible workers. In this blog post, we will explore theContinueContinue reading “The Work Opportunity Tax Credit Pays You 40% of Wages!”
Tag Archives: finance
Mastering Remote Team Success: Strategies for Effective Hiring and Management
This is part of a guest post from one of our preferred payroll vendors, Cirrus Payroll. Hiring For Success: How Cirrus Payroll CEO, Tyler Winn Manages A Remote Team As remote work gains momentum across every industry, effective team management requires a blend of trust, strategic hiring, and robust systems. We had the opportunity toContinueContinue reading “Mastering Remote Team Success: Strategies for Effective Hiring and Management”
What Is Depreciation for My Business? When Does a Capitalization Policy Make Sense?
Depreciation… one word that can make a business owner (and even many accountants) cringe. However, understanding it and how to implement it correctly in your business can make a big impact. That is exactly what I will be talking about here. What Is Depreciation? At a very basic level, depreciation is simply the process of spreadingContinueContinue reading “What Is Depreciation for My Business? When Does a Capitalization Policy Make Sense?”
Listener Q&A with Mike Jesowshek CPA (6/12/2024)
On this Podcast we answer listener questions! If you have a question you would like discussed on a future episode, submit it now! Go to www.TaxSavingsPodcsat.com Click Podcast Scroll to the Bottom and Submit Your Question You never know, your question may be on the next Q&A session. Below are today’s questions, tune into our Podcast toContinueContinue reading “Listener Q&A with Mike Jesowshek CPA (6/12/2024)”
Understanding the Qualified Business Income Deduction for Small Business Owners
The Qualified Business Income (QBI) deduction, also known as the Section 199A deduction, introduced by the Tax Cuts and Jobs Act (TCJA) in 2017, has been a significant tool for small business owners, including sole proprietors, partnerships, S corporations, and some trusts and estates. As we look towards 2024 and beyond, it’s crucial for small business owners toContinueContinue reading “Understanding the Qualified Business Income Deduction for Small Business Owners”
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