During National Small Business Week, the IRS focuses on educating employers about the employer credit for paid family and medical leave created by the Tax Cuts and Jobs Act passed last year. Employers may claim the credit based on wages paid to qualifying employees while they are on family and medical leave.
Do you have an idea and a small business but need money to move forward? There are many avenues to go down to find funding but often government grants go untapped. Here's what you should know...
Federal government grants are created through legislation that is passed by the U.S. House of Representatives (a.k.a. Congress) and signed into law by the President. These grants are financed with taxpayer dollars and are available for a variety of purposes, depending on the type of applicant and the government agency. Currently, there are 26 Federal agencies that provide government grants.
During the busy months of summer, the last thing on your mind is your income taxes. However, reducing your tax liability is a year-round occupation and now is the time to consider some pertinent tax breaks and obligations.
Have you moved this summer or are you preparing for new education expenses this fall? These may offer some tax breaks that you can use to reduce your tax payments and even garner you a larger refund when tax time does arrive.
Here are five summertime tax tips to keep in mind: