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Tax Incentives

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Miranda Marquit
By  | Filed In: Tax Relief and Tax Law
Even if you don't actually need to file a tax return, if you want your "economic stimulus" tax rebate, you have to.
Blog Post
Keith Girard
By  | Filed In: Income Tax and Tax Law
Filing taxes is a pencil-snapping frustration for small businesses, but studies show it's also a costly exercise in itself.
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Using knowledge and experience to branch out
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By  | Filed In: Tax Incentives and Tax Law
No sooner had politicians announced the Economic Stimulus plan to send $300 or $600 checks to taxpayers, and scammers were already on the hunt to defraud you.
Blog Post
The recently enacted economic incentive package included a doubling of the amount that businesses can expense for capital purchases. Here's how to take advantage of this opportunity.
Blog Post
Mike Kraus
By  | Filed In: Tax Incentives and Tax Law
Talk to your financial services providers to take advantage of the economic stimulus package.
Blog Post
Miranda Marquit
So, if you are expecting a tax rebate, don't count on it any time soon. It probably won't come until May or even June.
Blog Post
Keith Girard
Small business groups are thankful for the economic stimulus package, but some advocates say the benefits are too temporary and too small to really help.
Blog Post
Miranda Marquit
On Friday, President Bush revealed an economic plan that focused a great deal on tax rebates and incentives....
Blog Post
Miranda Marquit
Although it would be better for you personally to plan for your financial future with a tax rebate, the government hopes to high heaven that you'll run out and spend it.
Blog Post
Keith Girard
Election year maneuvering will likely prevent Congress from breaking a logjam holding up a number of small business bills. But these measures would benefit the economy, as well.
Blog Post
Keith Girard
The debate on Internet taxation is heating up on Capitol Hill. Internet service providers want a current moratorium on taxes made permanent, but is that in the best interests of small businesses?
Blog Post
Keith Girard
The debate on Internet taxation is heating up on Capitol Hill. Internet service providers want a current moratorium on taxes made permanent, but is that in the best interests of small businesses?
Blog Post
Keith Girard
The congressional debate over energy policy is heating up. But when it comes to the best approach to address our thirst for fossil fuels, small business owners are as divided as the rest...
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On Monday, some 40 companies, including Pepsi, Safeway, Pacific Electric and Gas and takeover managers Kohlberg Kravis Roberts & Company, have joined forces to announce the formation of the Coalition to Advance Healthcare...
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Keith Girard
As the old saying goes politics makes strange bedfellows, but who would have thought that the Iraq war would sink the minimum wage bill?
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I was talking with a colleague and the topic of cars came up. He said he needed to get another car because his lease was up on the one he had. He...
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Miranda Marquit
The government is giving us more incentive to save with some recently passed bills. Basically, the news bills get rid of sunset clauses on contributions to retirement accounts and college savings accounts. The...
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As the April 17 deadline for tax filing looms (we get 2 extra days this year), it's time to make sure that you have been funding your retirement plan. Some, such as a...
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"Business owners can generally offer two different kinds of employee stock option programs to their employees: incentive stock options and non-qualified stock options. Incentive stock options allow employees to avoid paying taxes...
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Business Glossary

Definitions for: energy tax incentives act of 2005
energy tax incentives act of 2005

legislation designed to improve energy production, transportation, and efficiency, signed into law on August 10, 2005. Some of the bill's most important provisions include

  1. Deduction for energy-efficient buildings. A new deduction was instituted for expenses incurred to improve the energy efficiency of existing or new buildings. This applies to improvements in lighting, heating, cooling, ventilation, and hot water systems.
  2. Tax credit for building energy-efficient homes. Taxpayers may claim a lifetime nonrefundable credit of up to $500 for making qualifying energy-saving improvements to an existing home. This includes solar water heaters, solar panels to produce electricity, fuel cell property, and energy-efficient air conditioners, heat pumps, and other equipment.
  3. Tax credits for alternative power vehicles. Credits were introduced for fuel cell, lean burn technology, hybrid, and other alternative fuel motor vehicles.
  4. Energy-related cost recovery provisions. These include the ability of oil and gas producers to use percentage depletion under the independent producer exception, expensing for investments that increase capacity of oil refineries, two-year amortization of geological costs from domestic oil and gas exploration and seven-year write-off rules for new natural gas gathering lines.
  5. Business tax credits. Several new business tax credits were created for manufacturing energy-efficient appliances, for fuel cell power plants, for microturbine power plants, for small agribiodiesel producers, and for ethanol producers. Other new credits created were for hydropower, geothermal and solar power, advanced coal and gasification projects.

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