Under current tax law, there are two valuable depreciation-related tax breaks that may help your business reduce its 2019 tax liability.
Two Tax Breaks to Reduce 2019 Tax Liability
Tag: tax liability
When Can You Deduct Uncollected Debt?
In certain situations, you can deduct bad debt on your federal income tax return to offset ordinary business income. This, in turn, could lower your business’ overall tax liability.
Tax Credit Opportunity: Earn Credits for Hiring Certain Employees
Employers can earn a tax credit if they hire certain targeted groups who meet certain criteria under the Work Opportunity Tax Credit.