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Tax Credits Tag

Changes Business Owners Should Know About the New Tax Law

Posted by Payroll Data Processing in Blog

Although the Tax Cuts and Jobs Act (TCJA) of 2017 brings a favorable lower tax rate to corporations, the Act also includes some new unfavorable rules affecting them as well. But it seemed clear that business owners were likely to see a shrinking tax bill. Here are the changes business…

Tax Credits for Hiring Veterans

Posted by Payroll Data Processing in Blog

On November 21, 2011 President Obama officially signed into law Legislation, H.R. 674. This created the extension of the WOTC better known as the Work Opportunity Tax Credits for qualified veterans. This law authorizes tax credits for employers that choose to hire certain groups of veterans. The returning heroes and…