cgadmin | Cg Tax, Audit & Advisory

03 Jul

NJ Court Rules on Deferred Compensation Taxed by Neighboring State

Posted by cgadmin
Leave a comment
July 12, 2019

The NJ Tax Court has ruled that a resident taxpayer couldn’t claim a tax credit for taxes paid to Pennsylvania on the payment that had been taxed by PA in a prior year. The...

02 Jul

Federal Tax, Tax

Reporting Tips on Tax Returns

Posted by cgadmin
Leave a comment
July 12, 2019

Do you work for tips? Generally, income received as tips is taxable. This includes gratuities received directly from customers, added to credit cards, and received from tip-splitting agreements with other employees. Employees who receive...

01 Jul

Nonprofit

Fiduciary Duties: What Your Board Members Need to Know

Posted by cgadmin
Leave a comment
August 15, 2019

Not-for-profit board members, whether compensated or not, have a fiduciary duty to the organization. If your board hasn’t reviewed its fiduciary duties recently, it should do so. Fiduciaries generally have three primary duties. The...

27 Jun

Federal Tax, Tax

IRS Plans to Stop Faxing & Third-Party Mailings of Certain Tax Transcripts

Posted by cgadmin
Leave a comment
August 15, 2019

Here’s a reminder that the IRS will soon end two services in an effort to protect taxpayers from identity theft. The tax agency announced it will stop its tax transcript faxing service on June...

26 Jun

CG News

Danielle Bagdzinski Honored by Monmouth Regional Chamber of Commerce

Posted by cgadmin
Leave a comment
August 15, 2019

Tinton Falls, NJ, June 26, 2019 – Danielle Bagdzinski, marketing manager at leading accounting and profitability consulting firm, Cg Tax, Audit & Advisory will receive the Monmouth Regional Chamber of Commerce’s 2019 Beacon of...

25 Jun

Federal Tax, Tax

IRS Renewals For Expiring ITINs

Posted by cgadmin
Leave a comment
August 15, 2019

The IRS is accepting renewal applications for Individual Taxpayer Identification Numbers (ITINs) that will expire by the end of the year. Affected taxpayers should submit renewal applications as soon as possible to avoid an...

24 Jun

A&A

How Auditors Use Nonfinancial Information

Posted by cgadmin
Leave a comment
August 15, 2019

Nonfinancial data, such as the number of machines, products, employees and customers a company has, helps auditors understand how a business operates. This information also may help them identify inconsistencies with financial measures and...

18 Jun

Federal Tax, Tax

U.S. Senate Passes Wide-Ranging IRS Reform Bill

Posted by cgadmin
Leave a comment
August 15, 2019

The “Taxpayer First Act” passed by a voice vote on June 13. The bill includes provisions to improve customer service and enhance taxpayers’ rights. In addition, it contains provisions to protect personal data in...

13 Jun

State & Local Tax, Tax

Business Interest Limitations in NJ

Posted by cgadmin
Leave a comment
September 3, 2019

Business interest limitations in New Jersey don’t apply to gross income and partnership tax returns. The NJ Division of Taxation has advised that, for NJ gross income tax purposes, NJ doesn’t conform to the...

11 Jun

Federal Tax, Tax

IRS Continues to Improve Taxpayer Security

Posted by cgadmin
Leave a comment
September 3, 2019

To enhance security, the IRS will soon end some taxpayer services. Currently, taxpayers who need transcripts (summaries) of their filed tax returns can request them from the IRS. Third parties, such as lenders or...

Shopping cart

Posts by cgadmin

NJ Court Rules on Deferred Compensation Taxed by Neighboring State

Reporting Tips on Tax Returns

Fiduciary Duties: What Your Board Members Need to Know

IRS Plans to Stop Faxing & Third-Party Mailings of Certain Tax Transcripts

Danielle Bagdzinski Honored by Monmouth Regional Chamber of Commerce

IRS Renewals For Expiring ITINs

How Auditors Use Nonfinancial Information

U.S. Senate Passes Wide-Ranging IRS Reform Bill

Business Interest Limitations in NJ

IRS Continues to Improve Taxpayer Security