7 Tips for Boosting Your Tax Refund

The Power of Tax Credits

1. Work Opportunity – a credit for employers who hire candidates facing significant employment obstacles, such as food stamp recipients or ex-felons;
2. Disabled Access – similarly to the first one, a credit for employing candidates with disabilities;
3. Qualified Research Activities – credit for resources spent on research and development – whether for a product, software, or a patent.

Prepay

Track Mileage

• The Standard Deduction Rate – which covers the actual mileage (the IRS adjusts the rate each year, so make sure to stay informed), and
• The Actual Expense – which covers everything else: gas, parking fees, insurance, etc.

Stay in the Loop

Your 401K

Employee incentives

Write off Bad Debts

In the End

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