My company has me and my family covered, right?

I have talked with many families who fall under the false notion that the company they work for provides them with a sufficient dollar amount of life insurance. Companies give most of their employees just enough pay, health insurance, life insurance and other benefits so that the company can get a deduction and the employee […]

Are tax credits more valuable to business owners than tax deductions?

Often, they are. Credits are dollar-for-dollar reductions in the amount of taxes owed. For example, if your business qualifies for a $12,000 tax credit for expenses incurred to develop a new or improved product or process, the IRS may give your business a credit for having already paid $12,000 in taxes, and that amount is […]