Month: January 2018

Tax credits reduce tax liability dollar-for-dollar, potentially making them more valuable than deductions, which reduce only the amount of income subject to tax. Maximizing available credits is especially important now that the Tax Cuts and Jobs Act has reduced or eliminated some tax breaks for businesses. Small businesses can still receive two tax credits for employee … Continue reading “2 Tax Credits Just for Small Businesses May Reduce Your 2017 & 2018 Tax Bills”