You are a savvy business owner. Part of your business acumen includes knowledge of potential tax credits that can benefit your bottom line. However, the words “potential for audit” linger in the back of your mind.
Second chances. Songs have been written about the concept, movies made, proverbs spoken, and tales told. We grant them to our spouses, to our friends, our children, co-workers, and even strangers.
Chances are, you or someone you know has at some point in their lives worked in a restaurant, bar, or coffee shop. Maybe you washed dishes at the local dinner after school to save up for that car; maybe your college roommate served up rich espressos between classes to pay for books; or perhaps your family member waited tables in a tavern to cover the bills.
Fish and chips. Batman and Robin. Steak and eggs. Hall and Oates. Bacon and…everything.
Some things are good all on their own: sink your teeth into a chunk of velvety milk chocolate or slip a spoonful of creamy peanut butter across your tongue. Yum. Now put them together…and you’ve got a Reese’s Peanut Butter Cup. “Two great tastes that taste great together.”
And sometimes they’re just better together.
Updated May 20, 2019
Sen. Chuck Grassley (R-IA) announced late last week that lawmakers on the Senate Finance Committee will form bipartisan groups to analyze how best to address expired and soon-to-expire tax incentives, known as extenders.
Finance Committee Democrats and Republicans will convene six separate working groups to analyze tax extenders, with the two largest working groups addressing energy tax incentives and those for economic and community development.
The Days Inn hotel promotes its multi-national chain with a distinguishable rising sun, and until recently, the tagline: The Best Value Under the Sun. The slogan intended to succinctly convey the business’ value proposition dedicated to “providing value-conscious travelers with the best combination of warm hospitality and integrity for their money.”
How Employment Tax Credits Can Help Businesses Pay for Vital Worker Training
The gains we’ve made in our world through the centuries, we owe to men and women who doggedly pursued their goals. Undeterred by setbacks and roadblocks, if one path failed, they sought another - finding workarounds and alternate routes of forward motion until they found success.
We’ve all heard the saying “In life, there are winners and there are losers.” And often this holds true: only one boxer grabs the heavyweight championship title, only one salesperson earns the “Highest Sales” award, only one instructor will be crowned “Teacher of the Year,” only one student snags first place in the science fair…even flipping a coin to determine who has to do the dishes…there’s always a winner and a loser.
Timing is everything. A universal truth that can be applied to almost every moment in life where a decision or action can change the course of things to come. The swing of a baseball bat, the delivery of a comedian’s punchline, leaving work five minutes late, or gathering enough courage to strike up a conversation before the next train stop…all moments that can make a difference.
Now, while the potential ramifications to one’s destiny may not be quite as profound, timing is also very important when it comes to your business capitalizing on employment incentives.
On the heels of the record-setting incentive package of more than $1.5 billion in grants and tax breaks from New York state that Amazon stands to get for bringing at least 25,000 workers to a new campus in Queens, New York Gov. Andrew Cuomo was quoted as saying, “All things being equal, if we do nothing, they’re going to Texas.”