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The coronavirus pandemic introduced a slew of new tax credits, tax breaks, and assistance programs for businesses in 2020 and 2021. But how many of these tax incentives are still around in 2022?

Below we have summarized over a dozen tax credits that business owners should consider when tax planning this year. These credits can help you get back on your feet if you’re struggling, but they can do so much more than that. With a little bit of preparation, these tax credits can send you further down your path to success by eliminating pitfalls and helping you optimize your financial wellbeing.

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Mauldin & Jenkins Employees Volunteer with All Faiths Food Bank to Combat Hunger in the Community Mauldin & Jenkins

Mauldin & Jenkins Employees Volunteer with All Faiths Food Bank to Combat Hunger in the Community

BRADENTON-  This Fall, professionals from Mauldin & Jenkins, a leading assurance, tax and advisory firm, came together…

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2025 fringe benefit COLAs: Key figures for employers Mauldin & Jenkins

2025 fringe benefit COLAs: Key figures for employers

Annually, the IRS makes inflation-based cost-of-living adjustments (COLAs) to dollar limits applicable to many employer-sponsored fringe benefits…

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In certain situations, filing a gift tax return is required or recommended Mauldin & Jenkins

In certain situations, filing a gift tax return is required or recommended

Thanks to the annual gift tax exclusion, you can systematically reduce your taxable estate with little effort….

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Don’t overlook the cost approach when valuing a private business Mauldin & Jenkins

Don’t overlook the cost approach when valuing a private business

There are three commonly accepted techniques for valuing a closely held business: the cost (or asset-based) approach,…

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Every employer must find the right approach to pay raises

As 2024 winds to a close, employers need to strategize about various issues for the next calendar…

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Should a married couple use a joint trust or separate trusts? Mauldin & Jenkins

Should a married couple use a joint trust or separate trusts?

There are many benefits of including a revocable trust in your estate plan. This trust type allows…

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Mauldin & Jenkins Recognized Among 2024 Best Companies to Work for in Alabama Mauldin & Jenkins

Mauldin & Jenkins Recognized Among 2024 Best Companies to Work for in Alabama

ALABAMA, December 12th– Leading assurance, tax and advisory firm Mauldin & Jenkins is proud to announce its…

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Walks, Wags, and Warm Hearts: Mauldin & Jenkins Gives Back with Final Victory Rescue

COLUMBIA, December 12, 2024- Professionals from Mauldin & Jenkins, a leading assurance, tax and advisory firm, dedicated…

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Your guide to Medicare premiums and taxes Mauldin & Jenkins

Your guide to Medicare premiums and taxes

Medicare health insurance premiums can add up to big bucks — especially if you’re upper-income, married, and…

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Exit strategy: ESOPs for construction companies Mauldin & Jenkins

Exit strategy: ESOPs for construction companies

Contractors often struggle to find suitable buyers for their companies when they’re ready to retire or otherwise…

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Beware of overly optimistic projections used to value a business Mauldin & Jenkins

Beware of overly optimistic projections used to value a business

Business valuation experts often rely on prospective financial statements when applying the discounted cash flow (DCF) method…

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There’s no time like the present to have your will drafted Mauldin & Jenkins

There’s no time like the present to have your will drafted

When a person considers an “estate plan,” he or she typically thinks of a will. And there’s…

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The IRS issues final regs for the advanced manufacturing production credit Mauldin & Jenkins

The IRS issues final regs for the advanced manufacturing production credit

The IRS has published final regulations for the Section 45X advanced manufacturing production credit. The final regs…

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Senior tax-saving alert: Make charitable donations from your IRA Mauldin & Jenkins

Senior tax-saving alert: Make charitable donations from your IRA

If you’ve reached age 70½, you can make cash donations directly from your IRA to IRS-approved charities….

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Maximize Your Impact: Tax-Smart Giving to Charities and Loved Ones in 2024 Mauldin & Jenkins

Maximize Your Impact: Tax-Smart Giving to Charities and Loved Ones in 2024

The holiday season is upon us, and it’s a time when many choose to give back—whether through…

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Keep your nonprofit’s special event safe and successful Mauldin & Jenkins

Keep your nonprofit’s special event safe and successful

Your not-for-profit organization likely has at least one special event planned for 2025. Whether it’s a formal…

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Assessing the ACA-defined affordability of employer-sponsored health plans Mauldin & Jenkins

Assessing the ACA-defined affordability of employer-sponsored health plans

As the year winds down, many employers have wrapped up open enrollment and are preparing to administer…

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What contractors should expect when getting bonded Mauldin & Jenkins

What contractors should expect when getting bonded

Under a performance bond, a legally binding agreement is established between a construction company, a surety (the…

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How inflation will affect your 2024 and 2025 tax bills Mauldin & Jenkins

How inflation will affect your 2024 and 2025 tax bills

Inflation can have a significant impact on federal tax breaks. While recent inflation has come down since…

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How to get foundations to say “yes” to your grant proposals Mauldin & Jenkins

How to get foundations to say “yes” to your grant proposals

There are many thousands of charitable foundations in the United States. And, according to technology company Foundation…

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Mauldin & Jenkins Associate River Yang Receives Ray of Sunshine Award at 2024 Sandies Mauldin & Jenkins

Mauldin & Jenkins Associate River Yang Receives Ray of Sunshine Award at 2024 Sandies

BRADENTON, November 21– Mauldin & Jenkins is pleased to share that Associate River Yang, CPA, has been…

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