Managing taxes feels like a burden for many business owners. But with the right approach, it becomes an opportunity to build wealth and make better financial decisions.

The Earned Income Tax Credit (EITC) is a refundable tax credit aimed at supporting workers with children. It reduces the amount of tax owed, and may even result in a refund.

Recently it feels like changes to legislation are coming out of Washington every day, and here at Visibility CFO & Tax Advisors we have been eagerly watching for what impact new legislation will have on federal taxes. This week (on Tuesday, February 25th) the House of Representatives narrowly passed a budget resolution that proposes $4.5 trillion in tax cuts (alongside a $2 trillion reduction in federal spending over the next decade).