• What is a Work Opportunity Tax Credit?

    Have you been trying for months to get a steady job? In today’s job market, it can be difficult, even with the proper experience, to find a well-paying and self-sustaining job. Thankfully a federal tax credit, otherwise known as the WTOC or Work Opportunity Tax Credit can help. Our accountants at JLW Tax & Bookkeeping Services in Springfield, IL are here to support you during tough financial times; keep reading below to learn more about the Work Opportunity Tax Credit and whether or not you are eligible. What is the Work Opportunity Tax Credit? The Work Opportunity Tax Credit is a[...]

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    What Kinds of Tax Credit Can I Receive as a Parent?

    Whether you are a new parent or have been a parent for years now, it’s no secret that childcare expenses are well, expensive! Thankfully, JLW Tax & Bookkeeping has found a way to get you the tax credit you deserve to help with those costs. Keep reading our blog to discover 4 tax credits you are potentially eligible for and can claim on your upcoming tax return. Our accountants are here to help Springfield, IL residents get the refunds they deserve as hard-working parents. Child Tax Credit The Child Tax Credit (CTC) is one of the most common for parents that are needing financial [...]

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