Delicious Ice Cream Cake
TAX HACKS Insider Tips to Slash Your Company's Tax Bill As we approach the end of the year, it's time for businesses to start thinking about their tax strategy. While the tax code can be complex, several underutilized tax breaks can provide substantial savings for corporations and small businesses. Take Advantage of the R&D Tax Credit One of the most valuable yet underutilized tax credits is the research and development (R&D) tax credit. This credit is available to companies developing new products, improving existing ones, or innovating manufacturing processes. It can be worth up to 20% of a company's qualified research expenses. Yet, it's estimated that fewer than 1 in 20 eligible businesses claim this credit. Deduct Your Home Office Expenses If you are a small-business owner who works from a dedicated home office, you may be able to deduct a portion of your home expenses, including utilities, insurance, repairs, and depreciation. The IRS allows you to deduct a percentage of these costs based on the square footage of your home office compared to your total home size. While many small-business owners overlook this deduction, it can add up to significant savings. Claim Tax Credits for Hiring and Retaining Workers Businesses that hire from certain disadvantaged groups, such as veterans, the formerly incarcerated, or those receiving government assistance, may qualify for valuable tax credits. For example, the Work Opportunity Tax Credit can be worth up to $9,600 per eligible hire. Credits are also available for businesses that provide child care benefits to employees or pay wages to employees receiving Social Security retirement benefits. Don't Forget About State and Local Incentives In addition to federal tax breaks, many state and local business incentives are available. These include sales tax exemptions, property tax abatements, workforce training grants, and loan programs. Researching the specific incentives available in your area can unlock significant savings. The key is to proactively explore all the tax-saving opportunities that may be available to your business. Take the time to understand the full range of credits, deductions, and incentives to minimize your tax burden and keep more of your hard-earned profits. Reach out to us at Roberts CPA Group to discover the hidden tax breaks that could benefit your bottom line.
• 2 cups crushed graham crackers • 1/2 cup melted butter • 2 quarts ice cream (any flavor, divided) INGREDIENTS
• 1/2 cup chopped nuts (optional) • 1/2 cup chocolate or caramel topping (optional)
DIRECTIONS
1. Grease a 9-inch springform pan. 2. Combine graham cracker crumbs and butter; press onto the bottom and up the sides of the pan. 3. Place pan in the freezer for 30 minutes to allow crust to set. 4. Meanwhile, let the ice cream melt just enough to become spreadable. Then spread half of the ice cream into the crust, sprinkle with nuts, then top with the remaining ice cream. 5. Drizzle with topping, if desired. Freeze for 3 hours or until firm. 6. Remove from freezer 15 minutes before serving.
SUDOKU
Am I on track financially? Scan our QR code for help!
(502) 426-0000 ∙ 3
Published by Newsletter Pro • www.NewsletterPro.com
Made with FlippingBook Ebook Creator