by KWC CPAs | Apr 12, 2024 | Accounting
For years, the tax code has offered an incentive for employers to provide child care to their employees in the form of the Section 45F child care tax credit. But the credit is rarely claimed, according to the Congressional Research Service. Employers that qualify for...
by KWC CPAs | Apr 5, 2024 | Accounting
The general business credit (GBC) may help certain small businesses cut their federal income tax obligations significantly. This is an “umbrella” credit that encompasses various business-related credits, which are far more valuable than tax deductions....
by KWC CPAs | Mar 27, 2024 | Accounting
Once you’re married, you have two options when it comes to filing your annual federal income tax return — married filing jointly or married filing separately. While some couples may find it more tax-efficient to file separately, joint filing often is more...
by KWC CPAs | Feb 19, 2024 | Accounting
The U.S. Department of Labor (DOL) has issued a new regulation on the classification of workers as employees or independent contractors which will go into effect on March 11, 2024. The DOL believes this final rule will help businesses and workers address...
by KWC CPAs | Jan 31, 2024 | Accounting
Effective January 1, 2024, U.S. and foreign entities doing business in the U.S. may be required to disclose information regarding their beneficial owners to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN). This requirement is being...
