Work Opportunity Tax Credit extended through 2025

Are you a business owner thinking about hiring? There is good news in that a recent law extended a credit for hiring individuals from one or more targeted groups. Employers can qualify for a tax credit known as the Work Opportunity Tax Credit (WOTC) that’s worth as much as $2,400 for each eligible employee ($4,800, […]
Deadline extended for WOTC certification

Employers who hired individuals who qualify for Work Opportunity Tax Credits have a little more time to request certification. The WOTC is available to employers based on a percentage of wages paid to an individual certified as a member of a targeted group, such as a person who resides in a designated empowerment zone community […]
IRS updates rules impacting employee meals and entertainment

With the holiday season upon us, many employers plan to host holiday or year-end parties for their employees. The Tax Cuts and Jobs Act has added a few more wrinkles to how these business meals and entertainment expenses are to be handled from a tax perspective. Some of the rules were unclear, so the IRS […]