Topic: Accounting Software Tax

Bookkeeping Akron or Bookkeeping Cleveland

Dashboard Accounting can handle all the bookkeeping needs for companies in the Cleveland/Akron area. 

QuickBooks in a hosted environment is utilized as the accounting software.  Tax filings are handled correctly and on time.  Tax planning and education is available.  For instance, interpretation of the 2009 Tax Law Stimulus is provided.

One of the business tax incentives from this act to consider is the Work Opportunity Tax Credit. 

The Work Opportunity Tax Credit (WOTC) is an incentive given to employers to hire disadvantaged workers in certain targeted groups.  The amount of the credit available to an employer is determined by the amount of qualified first-year wages paid by the employer.

The 2009 Act expands the WOTC to include two new targeted group:

  • Unemployed veterans, generally defined as those (1) discharged or released from active duty from the Armed Forces during the five-year period ending on the hiring date and (2) receiving unemployment compensation for at least four weeks during the one-year period ending on the hiring date.
  • Disconnected youth, meaning individuals certified as (1) having reached age 16 but not attaining age 25 on the hiring date; (2) not regularly attending any secondary, technical, or post-secondary school during the six months prior to the hiring date;  (3) not regularly employed during that six-month period;  and (4) not readily employable by reason of lacking a sufficient number of basic skills.  

The WOTC is available to employers hiring members of these new targeted groups who begin work during 2009 or 2010. 

Please contact Dashboard Accounting to set up an appointment to review your Cleveland/Akron business and your bookkeeping.

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