The Small Business Health Care Tax Credit is a non-refundable tax credit for for-profit businesses that provides a financial incentive for eligible employers who offer health insurance coverage to their employees. Leticia Skrabut, Esq., walks you through how to claim that credit.
Both HSAs and FSAs offer valuable tax advantages and can significantly reduce the financial burden that comes with healthcare costs. Find out the difference between the two and how they may benefit both you and your employees.
Washington has been full of talk about eliminating taxes on tips. What does that mean? Kopsa Otte's Jaimee Ortegren walks us through the proposed legislation and what it could mean if passed.
If you're self employed, the IRS expects you to make estimated tax payments throughout the year. Tax Attorney Tina Azarvand answers your questions on tax payments and offers advice on how to make it easier.
On Friday, February 12, 2021, the IRS will begin accepting and processing 2020 tax year returns. Get a jump on things with these tips for making the process easier and more efficient.
Eric Tyson, the author of Small Business Taxes for Dummies offers small business owners nine strategies for saving money on their taxes, which increases revenue.
As the salon industry finds new champions with Representatives Darin LaHood and Suzan DelBene, a new bill promises credits on the FICA taxes owners pay on tips.
April McDaniel, a CPA with Kopsa Otte, a leading tax and accounting firm working with salons across the U. S., explains why you should report your tips.