Posts By October 2018

WOTC is a Tax Credit, not a Deduction. What’s the Difference?

You may know claiming tax deductions and tax credits can help lower the amount of tax you owe, but do you know the difference between the two? What is a tax deduction? A deduction reduces the amount of income you pay taxes on, which means ...
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Expanding WOTC For Student Veterans

U.S. Senator Heidi Heitkamp recently announced that she introduced bipartisan legislation that would allow more student veterans in North Dakota and across the country to take advantage of paid internships and part-time work while furthering their educations after their military service. Many student veterans have ...
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IRS Announces New Employer Tax Credit for Paid Family and Medical Leave

As reported by the CPA Practice Advisor: The IRS has announced that eligible employers who provide paid family and medical leave to their employees may qualify for a new business credit for tax years 2018 and 2019. In addition, eligible employers who set up qualifying ...
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