4Thought Blog

Work Opportunity Tax Credit Transition Relief Extended

The IRS recently extended Work Opportunity Tax Credit transition relief, allowing for more time for McDonald’s Owner/Operators to use this advantageous tax benefit. Employers now have until Sept. 28, 2016 to certify WOTC-qualifying employees all the way back to Jan. 1, 2015. The deadline was originally going to be June 29, 2016.   This is great…

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McDonald's Owner/Operators Can Increase Cash Flow Through Tax Reductions

Sufficient cash flow is incredibly important as a McDonald’s Owner/Operator. It not only provides for smooth daily operations, but your cash flow coverage ratio is closely evaluated by corporate. A great way to increase your cash flow is to reduce your taxes. Many tax benefits available to McDonald’s Owner/Operators were either re-instated or enhanced with…

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Looking to Reduce Health Care Costs? Check Out This Tax Credit for Small Businesses

If you are a small business owner, there is a tax credit that can put money in your pocket. The Small Business Health Care Tax Credit benefits employers that: have fewer than 25 full-time equivalent employees pay an average wage of less than $50,000 a year pay at least half of employee health insurance premiums

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Need a Pickup or Large SUV for Business? Check Out These Tax Breaks

Favorable depreciation rules for business use of “heavy” SUVs, pickups and vans were locked in by the Protecting Americans from Tax Hikes (PATH) Act of 2015. By taking advantage of these rules, you may be able to write off the entire business-use portion of a heavy vehicle’s cost in the first year.

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Tips for Business Owners to Reduce Credit Card Chargebacks

Have you seen a rise in credit card chargebacks since the October 2015 liability shift rules were put in place? 

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5 Steps Individuals Should Consider Now for a Better 2016 Tax Season

Numerous tax breaks have been retroactively expanded for 2015 and beyond — or, in some cases, been made permanent — under the Protecting Americans from Tax Hikes (PATH) Act of 2015. Now that the dust from the new law has settled, you should strongly consider these five midyear tax strategies that could result in 2016 tax savings:

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5 Steps Businesses Should Consider Now for a Better 2016 Tax Return

Late last year, Congress made permanent more than 20 tax benefits and also extended many other important benefits through 2016 or 2019. Now that your 2015 taxes are behind you, now is the time to take advantage of the many tax benefits available to businesses under the Protecting Americans from Tax Hikes (PATH) Act of 2015….

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McDonald's Next Gen Transition – Tips from the Heriaud Family

Timing is everything –  such was the case with the Lee and Travis Heriaud, McDonald’s father-and-son Owner/Operators located in the Phoenix, Arizona area. Although he was the son of an Owner/Operator, Travis had to complete the rigorous approval process set out by McDonald’s to become an approved franchisee while gleaning the insight that taking over…

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The R&D Tax Credit: A Great Tax Planning Tool for Manufacturers

Do you have a new product idea you want to test, but are worried about how to afford it? The Research and Development Tax Credit may be a great financing option. The R&D Tax Credit – also known as the Research and Experimentation or R&E Tax Credit – has been in effect since 1981 and…

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Five Steps Business Owners Should Take Now for the New Overtime Rules

Last week, the federal government announced changes to the overtime regulations included in the Fair and Labor Standards Act (FLSA) that will affect nearly every business owner. The most significant and most talked about change is the employee wage base. Background: The FLSA excludes certain employees from federal minimum wage and overtime requirements. To qualify…

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