New Energy Credits 2023 to 2032

New Energy Credits 2023 to 2032

“The new credit increases from 10% to 30%, of qualified energy-efficient improvements and residential property expenses. It also removes the $500-per-person lifetime credit limit; giving you, the taxpayer, a maximum credit limit of $1,200 per year. The limit per...
Work Opportunity Tax Credit (WOTC)

Work Opportunity Tax Credit (WOTC)

The Work Opportunity Tax Credit (WOTC) is a Federal tax credit available to employers for hiring and employing individuals from certain target groups including: Veterans Recipients of “Temporary Assistance for Needy Families” Food stamp recipients Designated community...
Temporary Employee vs Permanent Employee

Temporary Employee vs Permanent Employee

There are no federal laws defining how long an employee can be considered “temporary.” The time frame can vary based on an organization’s budget considerations and business needs.  Best practices for temporary employees include setting clear parameters for the time...
Nebraska Microenterprise Tax Credit

Nebraska Microenterprise Tax Credit

If you are starting a new business and/or expanding your existing small (less than six full-time equivalent employees) business in any of the following ways, you could be eligible for a Nebraska tax credit of up to $20,000: New large (>$2,500) asset/equipment...
Meals & Entertainment FAQ

Meals & Entertainment FAQ

Q: What are tax deductible business meals? A:  Tax deductible business meals are meals that are primarily for business purposes and are ordinary and necessary expenses of running a business.   Q: What percentage of business meal expenses are tax deductible? A:...