Tax Archives - Page 19 of 30 - HW&Co. CPAs and Advisors

Claiming the business energy credit for using alternative energy

By: David M. Reape

Are you wondering whether alternative energy technologies can help you manage energy costs in your business? If so, there’s a valuable federal income tax benefit (the business energy credit) that […]

Tax Credits for Employers Providing Paid Leave Related to COVID-19 Vaccinations

The American Rescue Plan Act of 2021 (ARPA) allows businesses (including tax-exempt organizations), with fewer than 500 employees, to claim refundable tax credits for the cost of providing paid sick […]

“Reasonable compensation” for a corporate business owner

Owners of incorporated businesses know that there’s a tax advantage to taking money out of a C corporation as compensation rather than as dividends. The reason: A corporation can deduct […]

Simple retirement plan & savings options for your small business

By: Mary Eileen Vitale CPA CFP AEP

Are you thinking about setting up a retirement plan for yourself and your employees, but you’re worried about the financial commitment and administrative burdens involved in providing a traditional pension […]

Tax advantages of hiring your child at your small business

By: David M. Reape

As a business owner, you should be aware that you can save family income and payroll taxes by putting your child on the payroll. Here are some considerations. Shifting business […]

ARPA: Unemployment Partially Excluded from Income for Some Taxpayers

By: David M. Reape

A little-reported provision of the American Rescue Plan Act of 2021 (ARPA) – Unemployment Benefits Received in 2020 May Be Partially Excluded from Income for Some Taxpayers Many Americans found […]

Need a new business vehicle? Consider a heavy SUV

Are you considering buying or replacing a vehicle that you’ll use in your business? If you choose a heavy sport utility vehicle (SUV), you may be able to benefit from […]

New Ohio Tax Conformity Bill Passes

Big tax news out of Columbus on March 24th. Ohio Legislature approved a tax conformity bill and voted to move the tax deadline to May 17th. Both items await Governor […]

Is an S corporation the best choice of entity for your business?

By: Kate Protsenko-Blake CPA

Are you thinking about launching a business with some partners and wondering what type of entity to form? An S corporation may be the most suitable form of business for […]

Business highlights in the new American Rescue Plan Act

By: David M. Reape

President Biden signed the $1.9 trillion American Rescue Plan Act (ARPA) on March 11. While the new law is best known for the provisions providing relief to individuals, there are […]

Launching a small business? Here are some tax considerations

By: David M. Reape

While many businesses have been forced to close due to the COVID-19 pandemic, some entrepreneurs have started new small businesses. Many of these people start out operating as sole proprietors. […]

Work Opportunity Tax Credit extended through 2025

By: David M. Reape

Are you a business owner thinking about hiring? Be aware that a recent law extended a tax credit for hiring individuals from one or more targeted groups. Employers can qualify […]

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