Scott and Company Advisor

Tax credits are a tax benefit that offsets your actual tax liability, as opposed to a tax deduction, which reduces your income. Congress provides tax credits to individual taxpayers for a number of reasons, including as a form of assistance for lower-income taxpayers, to stimulate employment, and to stimulate certain investments, among other things. Tax…

If you’re one of those who gets worked up over filing your tax return, there are specific steps you can take to help ease the struggle and avoid the most common tax issues that are reported each year. Here are the top 12 tax issues, broken down into categories for business owners and individual taxpayers,…

If you’re a small business owner, you want your organization to do far more than survive: you want it to thrive! Unfortunately, to make sure that customers are happy and the lights stay on there are a lot of details that need attention, and some end up being overlooked. The intricacies of accounting are neither…

The Tax Reform Act of 2017 gave us the new Section 199A pass-through deduction – a valuable tax deduction available to many businesses. It also gave us some eligibility requirements that have to be met to take the deduction. This whitepaper discusses these eligibility requirements, which were recently clarified in a set of proposed regulations…

Every year we experience new challenges in the world of computer hacking —as well as new solutions. Cyber hackers have become aggressive, so business owners must be more vigilant. Because clients are the source of your revenue, it is critically important to ensure their data never gets into the wrong hands. According to a recent…

America is one of the heaviest societies in the entire world. Two-thirds of Americans are classified as obese or overweight using Body Mass Index as a measurement. These aren’t just ugly statistics; medical conditions linked to obesity caused more than 100,000 deaths in 2017. On top of all of this, obesity-related medical issues are a very…