The opinions of contributing entrepreneurs are their own. </p><div> Key Takeaways Additional tax credits and deductions are available for small businesses to provide child care benefits and paid family and medical leave. Changes in taxes on overtime and tips can affect your administration and payroll deductions. Some changes are retroactive to January 1, 2025. With […]
The opinions of contributing entrepreneurs are their own. </p><div> Key Takeaways Recent federal tax changes are reshaping the energy landscape in ways that could materially impact how entrepreneurs plan investments and manage costs. As existing incentives shift, business owners face a shrinking window to reassess their strategies and adapt to a new policy environment. Recent […]
The opinions of contributing entrepreneurs are their own. </p><div> Key Takeaways New tax law updates make the fourth quarter a crucial time for entrepreneurs to reassess how their businesses are structured and taxed. Strategic year-end planning around withholdings and state taxes could yield significant savings if reviewed before the calendar closes. The clock is ticking […]
How do you save taxes with donations? When donating to charities, a taxpayer can claim non-refundable tax credits. These credits can reduce income tax liability. They are non-refundable because you have to pay taxes to save taxes if you donate to charity. There is a 15% federal tax credit on the first $200 in donations […]