What Does Section 125 on W2 Mean for Your Taxes?
When reviewing your W2, you may notice a reference to Section 125 and wonder what it means for your taxes. In short, it’s a powerful tax-saving mechanism used by both employees and employers. This blog explains what Section 125 on W2 really indicates, how it affects your taxable income, and how Renaissance Advisory helps businesses […]
How Do You Choose the Best Credit Card Processing Company?
When it comes to a business, every dollar matters, and a credit card process fee can eat up part of your business and not even mention it. Whether you’re running a single-location operation or managing multiple points of sale across industries, selecting the right credit card processing company can significantly improve your profit margins, streamline […]
Why Is Corporate Tax Reduction a Hot Topic Among CFOs?
When CFOs talk about tax planning these days, it’s not in a once-a-year, check-the-box kind of way. It’s strategic. It’s proactive. And more than anything else, it’s constant. Corporate tax reduction has become a central thread in how financial leaders navigate today’s volatile business environment. In an economy shaped by unpredictable costs, tight labor markets, […]
How Tax Services Consulting Can Help You Reclaim Missed Savings?
The core focus of most business owners in tax management involves achieving compliance through deadline compliance, proper filing, and penalty prevention. The necessity of compliance cannot be ignored, yet this represents only half of the essential aspects for business tax management. Most business owners overlook strategic tax planning for growth, although it comprises the second […]
How Can Tax Advisory Services Help Your Company Reduce Its Tax Burden?
Tax season always feels like a headache, right? Taxes may be a major hassle because of the piles of paperwork and the sense that you’re paying more than you should. But here’s the twist: what if we told you that there is a method to keep more money in your company, lower your tax burden, […]
How Tax Services Consulting Can Help You Reclaim Missed Savings?
The core focus of most business owners in tax management involves achieving compliance through deadline compliance, proper filing, and penalty prevention. The necessity of compliance cannot be ignored, yet this represents only half of the essential aspects for business tax management. Most business owners overlook strategic tax planning for growth, although it comprises the second […]
Tax Programs: What’s the Difference Between Them?
When you hear “tax program,” what comes to mind? Maybe it’s software like TurboTax. Or maybe it’s a government rebate you vaguely remember from a news headline. In truth, tax return programs, rebate refunds, and strategic credits all fall under the tax savings umbrella—but they’re not created equal. Understanding the differences isn’t just useful—it can […]
Is Tax Season Stressing You Out? Get Help Now
Tax season: two words that strike fear into the hearts of countless business owners and HR teams. It’s a whirlwind of deadlines, forms, IRS changes, confusing deductions, and financial second-guessing. If this time of year has you overwhelmed, anxious, or feeling buried under paperwork, you’re not alone. But here’s the good news: you don’t have […]
Top Tax Credits Your Business Might Be Missing
The Research and Development (R&D) Tax Credit is one of the most valuable incentives available to businesses, offering the potential to save up to $250,000 annually. Despite its significance, many companies overlook this opportunity, assuming they don’t qualify or that the process is too complex. Here’s why your business might be missing out on R&D […]
Maximizing Employee Benefits with Section 125 Plans
In today’s competitive job market, offering meaningful employee benefits is crucial. A Section 125 plan, also known as a cafeteria plan, provides a win-win for employers and employees: significant tax savings and enhanced financial flexibility. Here’s how these plans can save your business and your employees money while simplifying benefit administration. What Is a Section […]