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Tax Tips Small Business
Tax Credit Available for Hiring Certain Employees
Work Opportunity Tax Credit saves employers tax dollarsThe Work Opportunity Tax Credit (WOTC) is available to employers who hire individuals from one of nine targeted groups. Recent legislation extended the credit through August 31, 2011. To take the credit, the employee(s) you hire must be from one of the following targeted groups: Read more...
Small Business Quick Tip
| If your business owns a vehicle that is available for an employee's personal and business use, the vehicle is nevertheless considered used 100 percent for business on the business tax return. The personal-use percentage is included on the employee's W-2 as an additional compensation. |
Saturday, 19th May 2012
Tax Tips Personal
Are You Putting Investments in Your Child's Name?
New rules tighten your optionsBeginning with the 2006 tax year, children, under the age of 18 who have unearned income in excess of $1,700,are taxed at their parent'shigher rate. Previously, Read more...
Personal Quick Tip
| In 2010, premiums that are paid or accrued for "qualified mortgage insurance" in connection with home acquisition debt on your residence are deductible as home mortgage interest. |