Fuel Tax Credit Archives

Increase Tax Savings with the Fuel Tax Credit

Posted on October 11, 2022 by Andrew Litchford

The fuel tax credit should not be overlooked by businesses looking to lower their tax bills or boost their refunds. It is applicable to fuel used for nontaxable purposes that were taxed at the federal level. When is the federal fuel tax applicable? The federal fuel tax is levied on consumers of gasoline, undyed diesel

3 Tax Credits for Small Businesses

Posted on August 10, 2022 by Andrew Litchford

Inflation is currently impacting many businesses, forcing them to quickly adapt to a changing economic climate. Whether grappling with the continuously rising costs of supplies or navigating the impact of rising interest rates, businesses have a slew of concerns about their bottom line. For most businesses, tax credits offer a way to combat the effects