Various states offer incentives and tax breaks to businesses. Practically every state has something and these breaks are not necessarily related to the COVID-19 pandemic. Many predate it by quite some time. One thing they all seem to have in common is complexity;...

The Employee Retention Credit was part of the CARES Act designed to help small to medium businesses during the COVID-19 pandemic. The basic aim was to provide a credit worth $7000 per employee, per quarter (for the first three quarters of 2021). There was also a...

Photo by Clay Banks on Unsplash   2020 was a tumultuous time for much of the world. The effects of COVID have been widespread and the response to COVID is still ongoing. This article explores a critical incentive that came as a result of COVID’s effects on...

Photo by: Element 5 Digital for Unsplash With the General Election less than a week away, it’s important to investigate how the election might affect a tax policy moving forward. Specifically, the election of Former Vice President Biden would put a new party and new...

Photo by Akshay Paatil for Unsplash As September is National Suicide Prevention and Awareness Month, we at Hito,LLC thought that now would be a great time to talk about the effects of the mental health crisis Americans are currently facing due to the COVID-19...

Photo by Michael Longmire for Unsplash Running a business is a balancing act, and it can be difficult to keep track of all the things that cost you money. But ultimately, the only way to succeed in business is by making a profit, and that means identifying the...

The R&D Credit will undergo changes starting in 2022 due to the Tax Cuts and Job Act. How will this affect your business's research and development? Read this article to find out. R&D Credit: The Basics The Research and Development Credit, R&D Credit for...