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Tax Tips Small Business
| Tax Credit Available for Hiring Certain Employees |
| Work Opportunity Tax Credit saves employers tax dollars The 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: |
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Small Business Quick Tip
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Tuesday, 09 March 2010
Tax Tips Personal
| Converting a Traditional IRA to a Roth? |
You may want to wait At some point, taxpayers who have a traditional IRA may wish to convert it to a Roth. Roth IRAs are more flexible in that there are no required minimum distributions when the owner reaches age 70 1/2. In addition, qualified distributions from a Roth IRA are not taxable. |
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Personal Quick Tip
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