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Tax credits vary widely and reduce taxes owed dollar for dollar. But what are tax credits, exactly? Tax credits differ from tax deductions, which most small businesses claim for expenses like office supplies and employee wages, in that deductions serve to reduce...

On December 20, 2017, Congress passed the Tax Cuts and Jobs Act {see Business Tax Reform, Section E (4) page 287} which President Trump signed into law on Dec. 22, 2017, confirming that "WOTC remains active and will continue to stay”. This is excellent news for companies...