Tax Credits

Could the New Markets Tax Credit benefit your business?

The New Markets Tax Credit may provide tax savings to investors and financing opportunities to qualifying businesses in low-income communities. Here’s how the program works.
August 3, 2026
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Businesses in economically distressed communities often have difficulty obtaining capital for expansion, equipment, facilities and other investments. The New Markets Tax Credit (NMTC) encourages private investment in these underserved areas by offering federal income tax credits to qualifying investors. This credit was previously scheduled to expire on December 31, 2025. However, the One Big Beautiful […]
#BusinessFinancing, #CommunityDevelopment, #TaxPlanning
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Tax Credits, Tax Planning

Act soon: The OBBBA ends clean energy tax breaks

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August 6, 2025
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The newly enacted One, Big, Beautiful Bill Act (OBBBA) represents a major move by President Trump and congressional Republicans to roll back a number of clean energy tax incentives originally introduced or expanded under the Inflation Reduction Act (IRA). Below is a summary of the key individual tax credits that will soon be scaled back […]
#CleanEnergy, #EnergyTaxCredits, #TaxCredits, #TaxPlanning
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Tax Credits

Businesses can still choose to address sustainability

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August 1, 2025
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For many years, businesses of all shapes and sizes have at least considered sustainability when running their operations. Many people — including customers, investors, employees and job candidates — care about how a company impacts the environment. And reducing energy use, water consumption and waste generally lowers operational costs. However, the current “environment regarding the […]
#OBBBA, #SustainableBusiness, #TaxPlanning
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Tax Credits

How a business owner’s home office can result in tax deductions

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February 24, 2025
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As a business owner, you may be eligible to claim home office tax deductions that will reduce your taxable income. However, it’s crucial to understand the IRS rules to ensure compliance and avoid potential IRS audit risks. There are two methods for claiming this tax break: the actual expense method and the simplified method. Here […]
#HomeOfficeDeductions, #IRSCompliance, #SmallBusinessTips, #TaxSavings
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Tax Credits

Financial relief for families: The benefits of the Child Tax Credit

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February 12, 2025
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The Child Tax Credit (CTC) has long been a valuable tax break for families with qualifying children. Whether you’re new to claiming the credit or you’ve benefited from it for years, it’s crucial to stay current on its rules and potential changes. As we approach the expiration of certain provisions within the Tax Cuts and […]
#ChildTaxCredit, #CTC, #TaxPlanning, #TaxUpdates
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