Small Businesses Lose Millions Every Year in Unclaimed Tax Benefits
Most small businesses fail to take advantage of various tax benefits available to them, most notably in the area of tax credits. For example, Jane runs a small laundry and dry-cleaner business. She plans on hiring three (3) new employees. The list of potential candidates includes: a supplemental security income (SSI) recipient, an ex-felon and a SNAP (Supplemental Nutrition Assistance) Recipient. She also plans to become more energy efficient by investing in solar power and an electric vehicle. Jane also wishes to offer her employees health insurance benefits. Jane plans to spend $20,000 to develop a software app and $5,000 to...
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