Work Opportunity Tax Credit Extended

Everyone knows that it’s tough to find employees right now. It seems like every business has a “Help Wanted” sign in their front window. With the employment market so tight, the federal government has taken steps through the Work Opportunity Tax Credit (WOTC) to encourage businesses to consider employees that have historically been overlooked byRead more about Work Opportunity Tax Credit Extended[…]

Leveraging Kiddie Tax Rules to Save on Owed Taxes

The term “kiddie tax” was introduced by the Tax Reform Act of 1986. The kiddie tax rules are intended to keep parents from shifting their investment income to their children to have it taxed at their child’s lower tax rate. In 2022 the law requires a child’s unearned income (generally dividends, interest, and capital gains)Read more about Leveraging Kiddie Tax Rules to Save on Owed Taxes[…]