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The Work Opportunity Tax Credit (“WOTC”) is a Federal credit provided to employers hiring persons belonging to specific groups, and there are special guidelines with extended credit for qualified veterans.... Continue Reading

Many Federal and Georgia tax credits are available to manufacturers and distributors, though they are often overlooked and go unused. With proper planning and assessment, these credits can go a long way toward... Continue Reading

  The federal Small Business Administration reports that about 75% of small business owners donate some portion of their profits to charity each year. The average contribution is around 6% of earnings.... Continue Reading

  Some people do all of their investing in an employer-sponsored retirement plan where earnings are untaxed until withdrawn, and perhaps in an IRA as well. Withdrawals are generally taxed at ordinary... Continue Reading

  Many Federal and Georgia tax credits are available to restaurants, franchisors, and caterers, though they are often overlooked and go unused. With proper planning and assessment, these credits can go a... Continue Reading

  Many Federal and Georgia tax credits are available to software and technology companies, though they are often overlooked and go unused. With proper planning and assessment, these credits can go a long... Continue Reading

  The IRS defines passive activities as: 1. Trade or business activities in which you don’t materially participate during the year. 2. Rental activities, even if you do materially participate in them,... Continue Reading

  The R&D Tax Credit is one of the most beneficial tax credits available to contractors. Made permanent with the passage of the Protecting Americans from Tax Hikes Act of 2015, this non-refundable... Continue Reading

  Among major corporations, 401(k) plans have become common, but even the smallest of businesses can have a 401(k) plan for retirement. One-participant 401(k) plans, known by names such as Solo 401(k) and... Continue Reading