As another year comes to a close, most small business owners are assessing health insurance plans to find the best options to benefit their employees and themselves. As one of those small business owners, you know health insurance is a major investment and that the right choices can make a world of difference in terms of company finances and employee satisfaction. With medical debt as a leading cause of bankruptcy, making sure employees have the coverage they need without overpaying is more crucial than ever. Here are a few tips to help you support your staff while making informed health insurance decisions and exploring opportunities to save during tax season.
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As the push toward clean energy intensifies, the Advanced Energy Project Credit (AEPC) offers a unique opportunity for small businesses to benefit from this significant transition. Originally established under the American Recovery and Reinvestment Act of 2009, this tax credit has been renewed and expanded to encourage more businesses to participate in sustainable practices. Whether you're focused on manufacturing, recycling, refining, or industrial decarbonization, the AEPC could be a boon to your business.
Owning your own business as a sole proprietor means you have an unparalleled level of freedom to operate it as you see fit while taking advantage of unique growth opportunities. With all that freedom, though, comes an equally significant amount of financial responsibility, particularly when tax season rolls around. With a basic understanding of critical tax forms, deductions, and codes, you can make tax time less stressful and more rewarding across the board.