As you move forward in 2023 as a business taxpayer, it remains crucial to stay well-informed about the ever-evolving tax landscape. Navigating the complexities of tax-saving strategies, reporting changes, and regulatory updates is vital to optimizing your benefits and ensuring compliance. At Eco-Tax, we are committed to empowering businesses like yours with valuable insights and…
Are you a business owner who’s been impacted by the pandemic? If so, you may be eligible for the Employee Retention Credit (ERC). The ERC was created by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) in March 2020 to offer financial relief to businesses whose operations were affected by the pandemic. Since…
As a small business owner, it’s essential to stay informed about the various tax credits available to you. These credits can significantly reduce your tax burden, but it can be challenging to keep track of all the options. In this blog post, we’ll provide a comprehensive guide to commonly missed small business tax credits that…
New environmental-related tax credits that benefit both individuals and small businesses are part of the recently enacted Inflation Reduction Act of 2022 (IRA). The Act also extends and changes a few existing credits. New Clean Vehicle Credit (up to $7,500) The IRA extends the current tax credits of up to $7,500 for qualifying electric vehicles,…