Credits are a great way to cut your business's tax bill because they offer a dollar-for-dollar reduction in tax liability. To take full advantage of these credits, you must monitor changes in Federal law. Some credits are temporary opportunities, while others are subject to annual Congressional renewal.
To keep your business's tax bill as low as possible, you must also take advantage of every available deduction. Over the past several years, the government has offered a variety of tax incentives for businesses.