by KWC CPAs | Apr 16, 2024 | Accounting
Are you planning to take a business trip this summer? If your destination is known for its cultural or recreational attractions, you might want to combine some leisure with your business activities. You still may be able to enjoy plenty of tax benefits from the trip —...
by KWC CPAs | Apr 16, 2024 | Accounting
If you’re in line to receive a significant inheritance, your feelings may range from exhilaration to relief, not to mention a great deal of sadness for the loved one who has passed. Indeed, a large infusion of cash or assets can be overwhelming. Generally, when...
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...
