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 applies to the acquisition of many types of alternative energy property. The credit is intended primarily for business users of alternative energy (other energy tax … Continue reading “Claiming The Business Energy Credit for Using Alternative Energy”
Month: April 2021
Ensure Competitive Intelligence Efforts Are Helpful, Not Harmful
With so many employees working remotely these days, engaging in competitive intelligence has never been easier. The Internet as a whole, and social media specifically, create a data-rich environment in which you can uncover a wide variety of information on what your competitors are up to. All you or an employee need do is open … Continue reading “Ensure Competitive Intelligence Efforts Are Helpful, Not Harmful”
Know the Ins & Outs of “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 the salaries and bonuses that it pays executives, but not dividend payments. Thus, if a business is paying funds as dividends, they’re taxed twice. Once … Continue reading “Know the Ins & Outs of “Reasonable Compensation” for a Corporate Business Owner”
Changes To Premium Tax Credit Could Increase Penalty Risk For Some Businesses
The premium tax credit (PTC) is a refundable credit that helps individuals and families pay for insurance obtained from a Health Insurance Marketplace (commonly known as an “Exchange”). A provision of the Affordable Care Act (ACA) created the credit, and a relief for small businesses. The American Rescue Plan Act (ARPA), signed into law in … Continue reading “Changes To Premium Tax Credit Could Increase Penalty Risk For Some Businesses”
Simple Retirement Savings Options For Your Small Business
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 plan? Two options to consider are a “simplified employee pension” (SEP) or a “savings incentive match plan for employees” (SIMPLE). SEPs are intended as an … Continue reading “Simple Retirement Savings Options For Your Small Business”
Providing Optimal IT Support for Remote Employees
If you were to ask your IT staff about how tech support for remote employees is going, they might say something along the lines of, “Fantastic! Never better!” However, if you asked remote workers the same question, their response could be far less enthusiastic. This was among the findings of a report by IT solutions … Continue reading “Providing Optimal IT Support for Remote Employees”