Jun 27, 2024 | Tax Credits
As an employer, you are expected to pay a range of payroll and income taxes. Through employer tax credits, you can effectively reduce your tax bill and save money. Depending on where you are located, the Empowerment Zone Employment Credit can save you up to $3,000 per...
Jun 27, 2024 | Payroll & Taxes, Tax Credits
By using the Work Opportunity Tax Credit (WOTC), employers can save money on their income or payroll taxes. To qualify, you just have to give employees a short questionnaire. Then, the employee must get WOTC-certified by your State Workforce Agency (SWA). Through the...
Jun 26, 2024 | 401k, Benefits, Tax Credits
“Benefits on a dollar basis buy more goodwill than dollars do.” In episode #106 of Mission to Grow, the Asure podcast that serves as small business owners’ guide to cash, compliance, and the War for Talent, Director of Plan Design Consulting at Vestwell, Kevin...
Jun 3, 2024 | Tax Credits
Employers are legally required to pay the Federal Insurance Contributions Act (FICA) on employee wages and tips. Fortunately, the FICA tip credit can help you decrease your company’s tax burden. By carefully tracking wages throughout the year, you can help your...
May 31, 2024 | Compliance, Finance, Podcast, Small Business, Tax Credits
“Just because you’re a small business doesn’t mean you can’t take advantage of the same things that you see these larger corporations are taking advantage of.” In episode #102 of Mission to Grow, the Asure podcast that serves as small business...
May 29, 2024 | Tax Credits
If you are trying to lower your tax burden, the Research and Development (R&D) tax credit can help. This popular employer tax credit can reduce your payroll tax burden. Even if you don’t need the payroll credit this year, you can carry it forward for up to 20...
