The Work Opportunity Tax Credit: Year-End Hiring Benefit for Chester County Businesses
Key TakeawaysYes, the WOTC applies if you hire someone before December 31, 2025. You must submit IRS Form 8850 to your State Workforce Agency (SWA) within 28 days of the new employee’s start date. The credit can be worth up to $2,400 per eligible...
Why Cash Flow Management Is Important At Year-End in Your Chester County Business
Key Takeaways Profit doesn’t equal liquidity: You can look great on paper (i.e., profitable) and still run out of cash. Year-end cash flow management is about accelerating what comes in and strategically optimizing (delaying) what goes out (legally, of...
What Year-End Moves Can Protect Chester County Owners From Form W9 Mistakes?
Key TakeawaysKeep every contractor’s Form W9 on file before the first payment. If your contractor won’t give you a W9, be persistent. The IRS requires a three-step written request process. Use the IRS TIN Matching tool before filing your 1099s. It...