Generated by All in One SEO v4.9.9, this is an llms.txt file, used by LLMs to index the site. # Cg ## Sitemaps - [XML Sitemap](https://www.cgteam.com/sitemap.xml): Contains all public & indexable URLs for this website. ## Posts - [News & Articles](https://www.cgteam.com/articles/) - At Cg, it's not enough that we are up to date with all the new developments; we want our clients to be aware as well. Here are the latest bulletins, case rulings, and regulations that may affect you and your business. - [Homeownership Tax Benefits: What New Buyers Need to Know](https://www.cgteam.com/homeownership-tax-benefits-what-new-buyers-need-to-know-2/) - Choosing the right business structure and tax year at the start can have a lasting impact on your company. Learn more about what will be affected from the Cg Team. - [Homeownership Tax Benefits: What New Buyers Need to Know](https://www.cgteam.com/homeownership-tax-benefits-what-new-buyers-need-to-know/) - Buying a home may provide tax benefits, but not all homeownership costs are deductible. Learn more about what will benefit you from the Cg Team. - [2027 HSA and High-Deductible Health Plan Limits Released](https://www.cgteam.com/2027-hsa-and-high-deductible-health-plan-limits-released/) - The IRS has increased HSA contribution limits and HDHP thresholds for 2027. Learn what those increases are from the Cg Team. - [Calling the IRS? Have These Documents Ready](https://www.cgteam.com/calling-the-irs-have-these-documents-ready/) - Calling the IRS? Find out what documents and personal information you need to verify your identity and speak with an IRS representative securely from the Cg Team. - [Nonprofits Should Prepare for Expanded IRS Form 990 Disclosures](https://www.cgteam.com/nonprofits-should-prepare-for-expanded-irs-form-990-disclosures/) - Revised IRS Form 990 rules will require nonprofits to expand reporting on fiscal sponsorships and foreign activities. Learn more from Cg. - [IRS Issues Final Regulations on Tips Tax Break](https://www.cgteam.com/irs-issues-final-regulations-on-tips-tax-break/) - The IRS has issued final regulations that provide guidance on the tax deduction for qualified cash tips. Learn what’s new from the Cg Team. - [New Jersey Finalizes New Worker Classification Rules Under the ABC Test](https://www.cgteam.com/new-jersey-finalizes-new-worker-classification-rules-under-the-abc-test/) - Learn about New Jersey’s new worker classification regulations, and how the updated rules impact employers and independent contractors from Cg. - [Proposed IRS Rules Could Expand Employer Fertility Benefits Starting in 2027](https://www.cgteam.com/proposed-irs-rules-could-expand-employer-fertility-benefits-starting-in-2027/) - Proposed IRS rules could allow employers to offer expanded fertility benefits, including IVF coverage, starting in 2027. Learn more from the Cg Team. - [IRS Notice CP53E: What You Need to Know About Unexpected Refund Notices](https://www.cgteam.com/irs-notice-cp53e-what-you-need-to-know-about-unexpected-refund-notices/) - The IRS is sending Notice CP53E to request direct deposit information for refunds, and taxpayers should beware of scam versions of the notice. Learn more from Cg. - [The Tax Challenges Surviving Spouses Need to Know](https://www.cgteam.com/the-tax-challenges-surviving-spouses-need-to-know/) - Losing a spouse can lead to higher taxes, making careful financial planning important. Learn how the team from Cg can help during these difficult times. - [Nursing Home Tax Deductions for Elderly Parents](https://www.cgteam.com/nursing-home-tax-deductions-for-elderly-parents/) - Moving an elderly parent into a nursing home may provide valuable tax deductions for qualifying long-term care and medical expenses. Learn more from the Cg Team. - [Why Now Is the Time to Check Your IRS Tax Transcripts](https://www.cgteam.com/why-now-is-the-time-to-check-your-irs-tax-transcripts/) - Millions may qualify for IRS penalty refunds, making now a good time to review your tax transcripts before the 2026 deadline. Learn more from the Cg Team. - [New York Secure Choice Compliance Memo for Employers](https://www.cgteam.com/new-york-secure-choice-compliance-memo-for-employers/) - New York’s Secure Choice program requires eligible employers to register in 2026, enroll employees in Roth IRAs, and meet compliance rules—learn more from Cg. - [When and How to File an Amended Tax Return: Key Deadlines](https://www.cgteam.com/when-and-how-to-file-an-amended-tax-return-key-deadlines/) - File an amended tax return if you find errors or changes after filing, and be sure to meet IRS deadlines to claim any refund. Learn more from the Cg Team. - [Tax Planning Strategy: Gift Investments and 0% Capital Gains](https://www.cgteam.com/tax-planning-strategy-gift-investments-and-0-capital-gains/) - Gifting investments to lower-bracket children can yield 0% capital gains—but requires careful tax planning. Learn more from the Cg Team. - [Episode 80 - What to Do About Medicare When You Turn 65: Understanding the Alphabet Soup](https://www.cgteam.com/episode-80-what-to-do-about-medicare-when-you-turn-65-understanding-the-alphabet-soup/) - The newest episode of the Cg Business Advisor Podcast features Mike Lewis breaking down Medicare basics, plan options, and key costs—listen today. - [Cg, a Springline company, is a 2027 Top Ranked Accounting Firm](https://www.cgteam.com/cg-a-springline-company-is-a-2027-top-ranked-accounting-firm/) - Cg, a Springline company, has been recognized for the second time as a 2027 Top Ranked Accounting Firm by Vault. Learn more about this award on our website. - [1% Remittance Tax 2026: IRS Rules on U.S. Transfers Abroad Explained](https://www.cgteam.com/1-remittance-tax-2026-irs-rules-on-u-s-transfers-abroad-explained/) - A 1% tax now applies to certain U.S.-to-foreign remittances, collected by providers and clarified by proposed IRS rules. Learn more from the Cg Team. - [First Time Filing Taxes in 2025? A Beginner’s Guide to Your First Tax Return](https://www.cgteam.com/first-time-filing-taxes-in-2025-a-beginners-guide-to-your-first-tax-return/) - First-time tax filer in 2025? Learn what documents you need and how to prepare before submitting your return from the Cg Team. - [Use Your IRS Tax Refund to Lower Debt and Improve Your Credit Score](https://www.cgteam.com/use-your-irs-tax-refund-to-lower-debt-and-improve-your-credit-score/) - File your tax return early to get your refund sooner, pay down debt, lower credit utilization, and potentially improve your credit score. Learn more from the Cg Team. - [HSA 2025 Contribution Deadline: Maximize Your Tax Deduction by April 15, 2026](https://www.cgteam.com/hsa-2025-contribution-deadline-maximize-your-tax-deduction-by-april-15-2026/) - Make 2025 HSA contributions by April 15, 2026 to claim your tax deduction, if eligible. Learn more from Cg today. - [Business Ownership and Divorce: Tax Rules, Valuation Strategies, and Litigation Support](https://www.cgteam.com/business-ownership-and-divorce-tax-rules-valuation-strategies-and-litigation-support/) - Dividing a business in divorce can be tax-efficient, but requires careful planning around taxes, valuation, and legal complexities. Learn more from Cg. - [Cg, a Springline company, Recognized as 2026 Top Regional Leader by Accounting Today](https://www.cgteam.com/cg-a-springline-company-recognized-as-2026-top-regional-leader-by-accounting-today/) - For the seventh year, Cg has been named one of Accounting Today’s ‘Top Regional Leaders’ for 2026 in the Mid-Atlantic Region. - [$1.2 Billion in Unclaimed 2022 Tax Refunds—Claim Yours by April 15, 2026](https://www.cgteam.com/1-2-billion-in-unclaimed-2022-tax-refunds-claim-yours-by-april-15-202/) - Claim your share of $1.2 billion in unclaimed 2022 tax refunds before the April 15, 2026 deadline. Learn more from the Cg Team. - [New Provisions for 2026 May Affect Your Tax Planning](https://www.cgteam.com/new-provisions-for-2026-may-affect-your-tax-planning/) - Tax law changes under the One Big Beautiful Bill Act require you to revisit (and potentially revise) your 2026 tax strategies. Learn more from Cg. - [Preparing Your Business for a Smooth Tax Season](https://www.cgteam.com/preparing-your-business-for-a-smooth-tax-season/) - Get ready for tax season 2026 with proactive planning. The Cg Team helps businesses stay compliant, organized, and confident. - [IRS Reminder: Families May Qualify for Valuable Child & Adoption Tax Credits](https://www.cgteam.com/irs-reminder-families-may-qualify-for-valuable-child-adoption-tax-credits/) - The IRS reminds families they may qualify for Child and Adoption Tax Credits this filing season. Learn more from Cg Tax, Audit & Advisory. - [IRS Launches New “Report Fraud” Webpage to Streamline Scam Reporting](https://www.cgteam.com/irs-launches-new-report-fraud-webpage-to-streamline-scam-reporting/) - The IRS has launched a new “Report Fraud” webpage that consolidates scam and tax fraud reporting into one streamlined online tool. Learn more from the Cg Team. - [Could the Alternative Minimum Tax Catch You? Key AMT Triggers and Planning Tips](https://www.cgteam.com/could-the-alternative-minimum-tax-catch-you-key-amt-triggers-and-planning-tips/) - You may owe AMT if your tentative minimum tax exceeds your regular tax, especially with large capital gains, dividends, exercised ISOs, or high SALT deductions. Learn more from the Cg Team. - [IRS 2026 Tax Tips for Seniors: $6,000 Deduction & Benefits](https://www.cgteam.com/irs-2026-tax-tips-for-seniors-6000-deduction-benefits/) - The IRS provides seniors with guidance for the 2026 tax season, including a temporary $6,000 deduction, Earned Income Tax Credit tips, and Social Security information. Learn more from the Cg Team. - [IRS Warns: Bad Social Media Tax Advice Can Cost You](https://www.cgteam.com/irs-warns-bad-social-media-tax-advice-can-cost-you/) - The Internal Revenue Service warns that bad tax advice on social media can lead to audits, penalties, and scams. Learn more from the Cg Team. - [Hiring Remote Employees: Tax & Compliance Considerations](https://www.cgteam.com/hiring-remote-employees-tax-compliance-considerations/) - Manage remote employee taxes, multistate compliance & withholding with Cg. Stay compliant & contact the Cg Team today. - [Last Chance to Cut Your 2025 Taxes: IRA Deadline Approaching](https://www.cgteam.com/last-chance-to-cut-your-2025-taxes-ira-deadline-approaching/) - You can still lower your 2025 taxes by contributing to an IRA before April 15, 2026, though deduction limits may apply. Learn more from the Cg Team. - [Key Medicare Telehealth Flexibilities Reinstated](https://www.cgteam.com/key-medicare-telehealth-flexibilities-reinstated/) - The Consolidated Appropriations Act of 2026 extends key Medicare telehealth flexibilities through 2027. Read more from Cg Tax, Audit & Advisory. - [Incorrect Direct Deposit Info Could Freeze Your IRS Refund](https://www.cgteam.com/incorrect-direct-deposit-info-could-freeze-your-irs-refund/) - Incorrect or missing direct deposit information can cause the IRS to freeze your refund and issue a CP53E notice. Learn more from the Cg Team. - [What to Do If Your W-2 or 1099 Is Missing or Incorrect](https://www.cgteam.com/what-to-do-if-your-w-2-or-1099-is-missing-or-incorrect/) - If your W-2 or 1099 is missing or incorrect, we can help you get it resolved and file accurately. Get help from the Cg Team. - [Before You Pay Federal Taxes by Card: Fees, Limits, and Restrictions](https://www.cgteam.com/before-you-pay-federal-taxes-by-card-fees-limits-and-restrictions/) - You can pay federal taxes with a credit or debit card, but payment limits, processing fees, and ongoing penalties and interest apply. Learn more from the Cg Team. - [Earned Income Tax Credit (EITC): Eligibility, Benefits, and How to Claim It](https://www.cgteam.com/earned-income-tax-credit-eitc-eligibility-benefits-and-how-to-claim-it/) - Find out if you qualify for the Earned Income Tax Credit (EITC), a refundable tax credit that can increase your refund by thousands of dollars from the Cg Team. - [New Overtime Pay Deduction Available for 2025–2028](https://www.cgteam.com/new-overtime-pay-deduction-available-for-2025-2028/) - A new deduction for qualified overtime pay is available for 2025–2028, subject to income limits and IRS rules. Learn more from the Cg Team. - [Why Commercial Real Estate Firms Need Specialized Accountants](https://www.cgteam.com/why-commercial-real-estate-firms-need-specialized-accountants/) - Specialized commercial real estate accounting from the Cg Team—strategic tax planning, cash flow clarity, and long-term growth support. - [Marital Status and Your 2025 Tax Filing: What Separated and Divorced Couples Need to Know](https://www.cgteam.com/marital-status-and-your-2025-tax-filing-what-separated-and-divorced-couples-need-to-know/) - Your marital status at the end of 2025 determines your tax filing status and can affect your deductions, credits, and taxes owed. Learn more from the Cg Team. - [IRS Proposes Updated Backup Withholding Rules for Payment Platforms](https://www.cgteam.com/irs-proposes-updated-backup-withholding-rules-for-payment-platforms/) - The IRS proposed rules limiting when payment platforms must apply backup withholding. Learn more from the Cg Team. - [2026 Tax Calendar](https://www.cgteam.com/2026-tax-calendar/) - Reference this tax calendar to learn the 2026 deadlines for various tax-related forms and payments. Contact Cg Tax, Audit & Advisory with questions. - [2025 Tax Filing: Who Qualifies for Head of Household Status?](https://www.cgteam.com/2025-tax-filing-who-qualifies-for-head-of-household-status/) - Filing as head of household in 2025 could lower your taxes if you meet the eligibility rules. Learn more from the Cg Team. - [The Importance of Recordkeeping for Small Businesses](https://www.cgteam.com/the-importance-of-recordkeeping-for-small-businesses/) - Strong recordkeeping is essential for tax compliance and informed decision-making. Learn how Cg's Client Accounting Services can help. - [Planning Ahead for Your 2025 Tax Return](https://www.cgteam.com/planning-ahead-for-your-2025-tax-return/) - The IRS is sharing tips and updates to help taxpayers prepare for 2025 returns and recent tax law changes. Learn how the Cg Team can help. - [Final 2025 Estimated Tax Payment Due January 15, 2026](https://www.cgteam.com/final-2025-estimated-tax-payment-due-january-15-2026/) - The final estimated tax payment for 2025 is due January 15, 2026. Timely payments can help avoid underpayment penalties and interest. Learn more from Cg. - [2026 Mileage Rates Are In: New IRS Per-Mile Deductions](https://www.cgteam.com/2026-mileage-rates-are-in-new-irs-per-mile-deductions/) - The IRS has released the 2026 mileage rates, with a higher business deduction and updated medical and charitable rates. Learn more from the Cg Team. - [Episode 78 - The Cg Business Advisor: Year in Review](https://www.cgteam.com/episode-78-the-cg-business-advisor-year-in-review/) - The newest episode of Cg Business Advisor features 4 key episodes of 2025 that highlight key insights form the year. Listen today. - [No More Repayment Cap: IRS Updates Premium Tax Credit Guidance](https://www.cgteam.com/no-more-repayment-cap-irs-updates-premium-tax-credit-guidance/) - The IRS updated its Premium Tax Credit FAQs following the expiration of enhanced ACA subsidies and the repayment cap. Learn more from Cg. - [SIMPLE IRA Contribution Limits Increase in 2026](https://www.cgteam.com/simple-ira-contribution-limits-increase-in-2026/) - SIMPLE IRA contribution limits will increase in 2026, allowing small business employees to save more for retirement. Learn more from the Cg Team. - [IRS Releases Critical Guidance on Calculating Tips and Overtime Deductions for 2025](https://www.cgteam.com/irs-releases-critical-guidance-on-calculating-tips-and-overtime-deductions-for-2025/) - The IRS has issued guidance for taxpayers wanting to claim new deductions for qualified tips income and qualified overtime compensation for 2025. Learn more from Cg. - [IRS Issues Guidance on Trump Accounts](https://www.cgteam.com/irs-issues-guidance-on-trump-accounts/) - The One Big Beautiful Bill Act introduced Section 530A accounts, also known as “Trump accounts.” The IRS has provided details in recent guidance. Learn more from the Cg Team. - [NJ Employers Required to Report All Employee Separations Through Online Portal](https://www.cgteam.com/nj-employers-required-to-report-all-employee-separations-through-online-portal/) - All employers in New Jersey must report all employee separations electronically though the Employer Access Portal. Learn more from Cg Tax, Audit & Advisory. - [Deferring Taxes on Real Estate Sales: Smart Strategies and Hidden Risks](https://www.cgteam.com/deferring-taxes-on-real-estate-sales-smart-strategies-and-hidden-risks/) - You may be able to defer taxes when selling real estate, but certain rules and future tax increases can reduce the benefit. Learn more from the Cg Team. - [IRS Releases New HSA Guidance Under the OBBBA](https://www.cgteam.com/irs-releases-new-hsa-guidance-under-obbba/) - The IRS issued new OBBBA guidance with permanent telehealth flexibility and updated HSA limits for 2025–2026. Learn more from the Cg Team. - [How is AI Reshaping the Accounting Industry?](https://www.cgteam.com/how-is-ai-reshaping-the-accounting-industry/) - Discover how AI boosts accuracy, efficiency, and insights in accounting, and how the Cg Team helps businesses benefit from smarter financial technology. - [Financial Planning Strategies for Corporations Preparing for M&A](https://www.cgteam.com/financial-planning-strategies-for-corporations-preparing-for-ma/) - Discover key financial strategies for stronger M&A readiness and how the Cg Team helps corporations minimize risk and protect value. - [The Future of UBIA: What Happens After 2025?](https://www.cgteam.com/the-future-of-ubia-what-happens-after-2025/) - [Smart Tax Planning for Real Estate Professionals in New Jersey](https://www.cgteam.com/tax-planning-strategies-for-real-estate-professionals/) - Optimize your NJ real estate taxes with Cg. Learn strategies for deductions, entity structure, and maximizing profits. - [Plan Your Business Finances: A Financial Planning Checklist](https://www.cgteam.com/financial-planning-checklist-for-businesses/) - Expert financial planning tips to help your business set goals, manage budgets, reduce debt, and maximize growth from Cg Tax, Audit, & Advisory. - [OBBBA Permanently Extends Employer Credit for Paid Family and Medical Leave](https://www.cgteam.com/obbba-permanently-extends-employer-credit-for-paid-family-and-medical-leave/) - The OBBBA makes the paid family and medical leave tax credit permanent. Learn more from Cg Tax, Audit & Advisory. - [Episode 77 - AI Optimization: The Next Era of Adaptive Search](https://www.cgteam.com/episode-77-ai-optimization-the-next-era-of-adaptive-search/) - The newest episode of Cg Business Advisor features Larry Bailin, Best-Selling Marketing Author, AI Expert, and CEO of Single Throw Marketing. - [How to Prepare for the 2025 Tax Filing Season](https://www.cgteam.com/how-to-prepare-for-the-2025-tax-filing-season/) - The first series of tax planning reminders to prep for the tax filing season for 2025 have been released by the IRS. Learn how to be prepared from the Cg Team. - [New IRS Guidance Helps Taxpayers Calculate 2025 Tip and Overtime Deductions](https://www.cgteam.com/new-irs-guidance-helps-taxpayers-calculate-2025-tip-and-overtime-deductions/) - The IRS has issued guidance for taxpayers wanting to claim new deductions for qualified tip income and qualified overtime compensation for 2025. Learn more from the Cg Team. - [When and Why Would You Need Forensic Accounting?](https://www.cgteam.com/when-and-why-would-you-need-forensic-accounting-2/) - Uncover fraud, resolve disputes, and protect your bottom line with expert forensic accounting services tailored for corporations at Cg Tax, Audit & Advisory. - [What is Healthcare Accounting and Why is It Important?](https://www.cgteam.com/what-is-healthcare-accounting-and-why-is-it-important-2/) - Discover how healthcare accounting drives success. Contact Cg today to optimize your finances and improve care delivery. - [Year-End Tax Planning Strategies to Minimize your 2025 Federal Taxes](https://www.cgteam.com/year-end-tax-planning-strategies-to-minimize-your-2025-federal-taxes/) - Allocating time to year-end tax planning now can prove beneficial to your business come tax filing season next year. Learn more from Cg. - [4 Year-End Planning Steps to Trim Your 2025 Taxes](https://www.cgteam.com/4-year-end-planning-steps-to-trim-your-2025-taxes/) - If you’re concerned about your 2025 tax liability, consider these four year-end tax planning strategies. Read more from Cg. - [Valuation Methods for Litigation Purposes](https://www.cgteam.com/valuation-methods-for-litigation-purposes/) - Protect your business in litigation with Cg's expert business valuation services and personalized financial guidance. - [Common Types of Business Fraud](https://www.cgteam.com/common-types-of-business-fraud/) - Protect your business from fraud with Cg. Learn common fraud types and strategies to safeguard finances and maintain integrity. - [What Factors Should Businesses Consider When Choosing an Accounting Firm?](https://www.cgteam.com/what-factors-should-businesses-consider-when-choosing-an-accounting-firm/) - Learn how to select a trusted accounting partner with Cg to optimize your business finances, security, and long-term growth. - [Key Financial Metrics for Real Estate Investors](https://www.cgteam.com/key-financial-metrics-for-real-estate-investors/) - Learn key real estate investment metrics and how Cg helps investors make informed, profitable decisions. - [The Benefits of Outsourcing Accounting Services](https://www.cgteam.com/the-benefits-of-outsourcing-accounting-services/) - Explore why outsourcing accounting helps businesses grow and what to look for in a trusted financial partner. - [Maximize Your Work-From-Home Tax Deductions](https://www.cgteam.com/tax-deductions-for-employees-who-work-from-home/) - Claim work-from-home tax deductions with ease. Learn eligible expenses, methods, and tips to maximize your savings this tax season from Cg Team. - [How Business Audits Deter Fraud](https://www.cgteam.com/business-audits-fraud-prevention/) - Protect your business from fraud with expert audits. Cg identifies risks, strengthens controls, and safeguards your finances. - [Understanding the New Jersey 401k Mandate: What Employers Need to Know](https://www.cgteam.com/new-jersey-401k-mandate/) - Learn how the NJ 401k mandate works, your compliance obligations, and avoid penalties with guidance from the Cg Team. - [Do Nonprofits Pay Taxes? Understanding Your Organization's Obligations](https://www.cgteam.com/do-nonprofits-pay-taxes/) - Navigate nonprofit taxes with ease - learn what taxes apply, maintain tax-exempt status, and stay compliant with Cg Team. - [Does My Nonprofit Need an Audit? Here's What You Need to Know](https://www.cgteam.com/does-my-nonprofit-need-an-audit/) - Ensure transparency, compliance, and donor trust with expert nonprofit audits. Contact the Cg Team today for reliable auditing and financial guidance. - [How our Real Estate Accountants Can Help You Build Your Real Estate Business](https://www.cgteam.com/build-your-real-estate-business-effectively-our-real-estate-accountants-can-help/) - Simplify real estate finances, cut taxes, and boost profits with expert accounting. Get personalized guidance from the Cg Team—contact us today. - [Choosing the Right Accounting & Financial Consulting Firm](https://www.cgteam.com/choosing-the-right-accounting-financial-consulting-firm/) - In today’s fast, competitive business landscape, many companies find that outsourcing accounting services is a strategic move. Learn what factors you should consider in this decision and how CG can be an ideal fit. - [Ensuring a Successful Management of Your Healthcare Practice](https://www.cgteam.com/ensuring-a-successful-management-of-your-healthcare-practice/) - Keeping a healthcare practice up and running demands a delicate balance of operational efficiency, strategic vision, and much more. Learn how to ensure your practice not only survives, but thrives. - [Is Estate Planning Important For Retirement?](https://www.cgteam.com/is-estate-planning-important-for-retirement/) - [Tax Planning for Multi-Location Businesses: How to Stay Compliant & Optimize Savings](https://www.cgteam.com/tax-planning-for-multi-location/) - When your business spans across different states, tax planning quickly becomes more than just an annual task. In this guide, we’ll walk you through what to focus on. - [Cg Named One of America’s Best Workplaces for 2026](https://www.cgteam.com/cg-tax-audit-advisory-named-one-of-americas-best-workplaces-for-2026/) - Cg Tax, Audit & Advisory announces its recognition as one of America’s Best Workplaces for 2026. - [100% or 40%? Smart Depreciation Moves for 2025](https://www.cgteam.com/100-or-40-smart-depreciation-moves-for-2025/) - The new law allows 100% bonus depreciation, but choosing 40% in 2025 can balance taxes and future deductions. Learn more from the Cg Team. - [Phase Out Begins for Individual Tax Refunds and Estimated Tax Payments Issued by Paper Checks](https://www.cgteam.com/phase-out-begins-for-individual-tax-refunds-and-estimated-tax-payments-issued-by-paper-checks/) - The IRS has recently been required to phase out tax refunds sent out by paper checks for individual taxpayers. Learn more from Cg Tax, Audit & Advisory. - [Form 990 Due Nov. 17: How to Reduce Audit Risk](https://www.cgteam.com/form-990-due-nov-17-how-to-reduce-audit-risk/) - Nonprofits with extensions must file Form 990 by Nov. 17 and keep records audit-ready. Learn more from Cg Tax, Audit & Advisory. - [New IRS Guidance on ERC Refund Limits](https://www.cgteam.com/new-irs-guidance-on-erc-refund-limits/) - The IRS updated its ERC FAQs to explain new refund limits, filing deadlines, and appeal rights under recent law changes. Learn more from the Cg Team. - [AICPA Seeks IRS Guidance on New Deduction Reporting](https://www.cgteam.com/aicpa-seeks-irs-guidance-on-new-deduction-reporting/) - The AICPA urged the IRS to clarify 2025 reporting rules for new tip and overtime deductions. Learn more about these clarifications from Cg Tax, Audit & Advisory. - [IRS Updates Form 1099-K FAQs Following the OBBBA](https://www.cgteam.com/irs-updates-form-1099-k-faqs-following-the-obbba/) - The IRS has updated its FAQ page for Form 1099-K to reflect recent legislative changes under the One Big Beautiful Bill Act. Learn more from the Cg Team. - [Deadline for New Jersey Property Tax Relief Programs Approaching](https://www.cgteam.com/deadline-for-new-jersey-property-tax-relief-programs-approaching/) - Reminder that New Jersey residents meeting certain eligibility requirements have the opportunity to apply for three property tax relief programs via one application, the PAS-1. Read more from Cg. - [Episode 76 - Major Changes to R&D Tax Credits: What the One Big Beautiful Bill Means for Your Business](https://www.cgteam.com/episode-76-major-changes-to-rd-tax-credits-what-the-one-big-beautiful-bill-means-for-your-business/) - The newest episode of Cg Business Advisor features Angela Lapovsky, owner and founder of ARL Elevate discussing the process of change management - [Open Enrollment Starts Nov. 1: Explore HDHP and HSA Benefits](https://www.cgteam.com/open-enrollment-starts-nov-1-explore-hdhp-and-hsa-benefits/) - Open enrollment starts Nov. 1st. Consider an HDHP with an HSA to save on health costs tax-free. Learn more from Cg Tax, Audit & Advisory. - [Cybersecurity Essentials for Businesses: Lessons from the IRS](https://www.cgteam.com/cybersecurity-essentials-for-businesses-lessons-from-the-irs/) - It's important to safeguard personal and business information from online threats. Learn how to protect yourself from the Cg Team. - [U.S. Tax Court Pauses Trials During Shutdown](https://www.cgteam.com/u-s-tax-court-pauses-trials-during-shutdown/) - The U.S. Tax Court has canceled all trials through Oct. 27 due to the government shutdown but remains open for filings and select hearings. Learn more from Cg. - [What to Look for in a Tax & Accounting Partner?](https://www.cgteam.com/what-to-look-for-in-a-tax-accounting-partner/) - Discover what to look for in a tax & accounting partner—from industry expertise to real-time insights—to support and scale your growing business with confidence. - [Adopting in 2025 or 2026? Expanded Federal Tax Credit Can Help Offset Costs](https://www.cgteam.com/adopting-in-2025-or-2026-expanded-federal-tax-credit-can-help-offset-costs/) - Adoption tax credit rises in 2025 and 2026, with partial refundability added. Learn what these updates are from Cg Tax, Audit & Advisory. - [IRS Sets Higher 2026 Limits for FSAs and HSAs](https://www.cgteam.com/irs-sets-higher-2026-limits-for-fsas-and-hsas/) - The IRS has announced increased 2026 contribution limits for FSAs and HSAs. Learn what these limits are from the Cg Team. - [2026 Annual Inflation-Adjusted Income Tax Brackets](https://www.cgteam.com/2026-annual-inflation-adjusted-income-tax-brackets/) - The IRS has released tax inflation adjustments for tax year 2026. Learn what these updates are from Cg Tax, Audit & Advisory. - [New Information Return and Payroll Tax Reporting Rules Require Attention](https://www.cgteam.com/new-information-return-and-payroll-tax-reporting-rules-require-attention-2/) - Several changes to information return and payroll tax reporting rules go into effect next year. Learn more from Cg today. - [Maximize Year-End Tax Savings with the 2025–2026 Gift Tax Exclusion](https://www.cgteam.com/maximize-year-end-tax-savings-with-the-2025-2026-gift-tax-exclusion/) - Taxpayers can use the 2025 gift tax exclusion to make tax-free gifts and reduce their estate taxes. Learn more from Cg Tax, Audit & Advisory. - [IRS Cracks Down on Unpaid Payroll Taxes with Penalties](https://www.cgteam.com/irs-cracks-down-on-unpaid-payroll-taxes-with-penalties/) - Employers who skip payroll taxes can face full personal liability and criminal charges under the TFRP. Learn how to comply from the Cg Team. - [New Information Return and Payroll Tax Reporting Rules Require Attention](https://www.cgteam.com/new-information-return-and-payroll-tax-reporting-rules-require-attention/) - The One Big Beautiful Bill Act introduced or updated numerous business-related tax provisions. The changes that are likely to have a major impact on employers and payroll management companies include new information return and payroll tax reporting rules. Learn more from Cg. - [Holiday Gifts and Taxes: What Employers Need to Know](https://www.cgteam.com/holiday-gifts-and-taxes-what-employers-need-to-know/) - Different employee gifts have different tax rules, so know what they are before giving. Learn more from the Cg Team. - [IRS Offers Penalty Relief for 2026 Remittance Tax](https://www.cgteam.com/irs-offers-penalty-relief-for-2026-remittance-tax/) - The IRS is granting early 2026 penalty relief for late deposits of the new 1% remittance tax. Learn more from Cg Tax, Audit & Advisory. - [The IRS Alternate Dispute Resolution Mediation Program](https://www.cgteam.com/the-irs-alternate-dispute-resolution-mediation-program/) - The IRS has a mediation program called the Alternate Dispute Resolutions. Learn how to use it from the Cg Team. - [What to Do If You Still Need to File Your Taxes by October 15th](https://www.cgteam.com/what-to-do-if-you-still-need-to-file-your-taxes-by-october-15th/) - October 15th is quickly approaching. Learn what you still need to do in order to file on time and avoid penalties from the Cg Team. - [Medicare Telehealth Services Waiver Expires](https://www.cgteam.com/medicare-telehealth-services-waiver-expires/) - Effective October 1, 2025, the Medicare waiver for telehealth services has expired. Read more from Cg Tax, Audit & Advisory - [How to Reduce Your 2024 Tax Liability by October 15th](https://www.cgteam.com/how-to-reduce-your-2024-tax-liability-by-october-15th/) - If you extended your 2024 tax filing to October 15th, you may be able to reduce your tax liability. Learn more from the Cg Team. - [Cg Named One of America’s 2025 Best Places to Work for Women](https://www.cgteam.com/cg-tax-audit-advisory-named-one-of-americas-2025-best-places-to-work-for-women/) - Cg Tax, Audit & Advisory announces its recognition as one of the Best Places to Work for Women by Best Companies Group. - [New Tax Form for Reporting Digital Asset Transactions](https://www.cgteam.com/new-tax-form-for-reporting-digital-asset-transactions/) - There is a new form from the IRS that will be used to report digital asset transactions. If you own digital assets, learn how this will affect you from the Cg. - [New Per Diem Rates for Business Expenses Released by the IRS](https://www.cgteam.com/new-per-diem-rates-for-business-expenses-released-by-the-irs/) - There are new per diem rates released from the IRS for business related expenses. Learn more from Cg Tax, Audit & Advisory. - [Consider the "Kiddie Tax" When Beginning Your Year-End Tax Planning](https://www.cgteam.com/consider-the-kiddie-tax-when-beginning-your-year-end-tax-planning/) - Many taxpayers don't realize that they can take advantage of the "kiddie tax" when doing their end of year tax planning. Learn more from Cg. - [Reminder: Government Issued Paper Checks End September 30th](https://www.cgteam.com/reminder-government-issued-paper-checks-end-september-30th/) - The government is done issuing and accepting paper checks starting on September 30th. Learn more from Cg Tax, Audit & Advisory. - [New Tax Deductions Available From The One Big Beautiful Bill Act](https://www.cgteam.com/new-tax-deductions-available-from-the-one-big-beautiful-bill-act/) - The One Big Beautiful Bill Act has introduced some new tax deduction certain taxpayers may be able to take advantage of. Learn more from Cg. - [How to Roll Over Your 401(k) Without Tax Implications](https://www.cgteam.com/how-to-roll-over-your-401k-without-tax-implications/) - Beware of a potentially costly tax trap before you roll over your 401(k) into an IRA. Learn more from Cg Tax, Audit & Advisory. - [Corporate Transparency Act Requirements Update](https://www.cgteam.com/corporate-transparency-act-requirements-update/) - Financial Crimes Enforcement Network (FinCEN) provided some updates on Corporate Transparency Act requirements. Learn what they are from the Cg Team. - [Final Regulations Related to “Catch-Up” Contributions](https://www.cgteam.com/final-regulations-related-to-catch-up-contributions/) - The IRS has issued final regulations to address SECURE 2.0 Act provisions related to “catch-up” contributions. Learn more from the Cg Team. - [Changes to Capital Gains Tax on the Sale of Primary Residences](https://www.cgteam.com/changes-to-capital-gains-tax-on-the-sale-of-primary-residences/) - A bill in Congress proposes changes to eliminate capital gains taxes on the sale of primary residences. Learn more from Cg Tax, Audit & Advisory. - [What to Do If You Are A Victim of a Tax Fraud Scam](https://www.cgteam.com/what-to-do-if-you-are-a-victim-of-a-tax-fraud-scam/) - If you are a victim of a tax fraud scam, there are steps you should take. Learn what they are from Cg Tax, Audit & Advisory. - [Review Your Withholding to Prevent a Larger Tax Bill](https://www.cgteam.com/review-your-withholding-to-prevent-a-larger-tax-bill/) - If you are a taxpayer, check your withholdings to ensure you are paying enough taxes throughout the year to prevent a large tax bill. Learn more from Cg. - [Don't Fall Victim to Fraudulent Tax Credit Scams](https://www.cgteam.com/dont-fall-victim-to-fraudulent-tax-credit-scams/) - Taxpayers should be aware of the tax credit fraud scams occurring on social media. Learn more from Cg Tax, Audit & Advisory. - [Potential Tax Credit Benefits for Employers Looking to Hire](https://www.cgteam.com/the-effects-of-the-premium-tax-credit-ptc/) - The Work Opportunity Tax Credit is about the expire. Learn what tax credit benefits your business can earn before it does from Cg Tax, Audit & Advisory. - [Proposed Occupations to be Eligible For Tax Breaks on Tips](https://www.cgteam.com/proposed-occupations-to-be-eligible-for-tax-breaks-on-tips/) - The U.S. Treasury Dept. has released a list of occupations it proposes to be eligible for a federal tax break on tips. Learn what they are from the Cg Team. - [What Taxpayers Need to Know About the IRS Ending Paper Checks](https://www.cgteam.com/what-taxpayers-need-to-know-about-the-irs-ending-paper-checks/) - Big changes ahead! The federal government will soon stop issuing paper tax refund and Social Security checks. Here’s what you need to know from the Cg Team. - [Episode 75 - Marketing & MMA: Building Businesses and Networks Through Podcasting](https://www.cgteam.com/episode-75-marketing-mma-building-businesses-and-networks-through-podcasting/) - The newest episode of Cg Business Advisor features Angela Lapovsky, owner and founder of ARL Elevate discussing the process of change management - [Draft Versions of the New Forms W-2 and W-2c for 2026](https://www.cgteam.com/draft-versions-of-the-new-forms-w-2-and-w-2c-for-2026/) - The IRS has published draft versions of the new Forms W-2 and W-2c from the tax year 2026. Learn how this will affect you from the Cg Team. - [Cg Named One of New Jersey’s Top 250 Private Companies of 2025](https://www.cgteam.com/njbiz2025top250/) - Cg Tax, Audit & Advisory announces its recognition as a Top 250 Private Company for 2025 by NJBIZ. - [Understand the Rules of Using a Cash App for Nonbusiness Payments](https://www.cgteam.com/understand-the-rules-of-using-a-cash-app-for-nonbusiness-payments/) - Do you use Venmo, PayPal or another cash payment app to pay friends or family? If so, learn the rules to avoid receiving a Form 1099-K. - [The September 15th Quarterly Estimated Tax Payment](https://www.cgteam.com/the-september-15th-quarterly-estimated-tax-payment/) - The next quarterly estimated tax payment is coming up on September 15th. Learn what to do from the Cg Team. - [Tax Deductions for Unreimbursed Medical Expenses](https://www.cgteam.com/tax-deductions-for-unreimbursed-medical-expenses/) - Taxpayers who have unreimbursed medical expenses may be entitled to a certain tax deduction. Learn more from Cg Tax, Audit & Advisory. - [How to Protect Your Identity From Tax-Related Theft](https://www.cgteam.com/how-to-protect-your-identity-from-tax-related-theft/) - Identity thieves can use your information to file a tax return and claim a fraudulent refund in your name. Learn how to protect yourself from the Cg Team. - [The Difference Between Tax Avoidance & Tax Evasion](https://www.cgteam.com/the-difference-between-tax-avoidance-tax-evasion/) - There are key differences between tax avoidance and tax evasion. Learn what those differences are from the Cg Team. - [Succession Planning Best Practices](https://www.cgteam.com/succession-planning-best-practices/) - A strong succession plan ensures smooth transitions, develops future leaders, and keeps your business on track no matter what. Let’s explore the best practices that keeps your company strong and stable. - [What is Form 709?](https://www.cgteam.com/what-is-form-709/) - In this article, we’ll walk you through the basics of Form 709, who needs to file it, and when it’s due—so you’re all set the next time you make a generous gift! - [Registering Your Entity Correctly as an S-Corp or LLC](https://www.cgteam.com/registering-your-entity-correctly-as-an-s-corp-or-llc/) - In this guide, we break down S-Corp and LLC entities and provide step-by-step instructions to help you register and manage your business with confidence. - [Cg Named One of New Jersey’s 2025 Best Places to Work](https://www.cgteam.com/cg-tax-audit-advisory-named-one-of-new-jerseys-2025-best-places-to-work/) - Cg Tax, Audit & Advisory announces its recognition as one of the Best Places to Work in New Jersey by NJBIZ. - [What You Can Claim on Your Taxes From Charitable Donations](https://www.cgteam.com/what-you-can-claim-on-your-taxes-from-charitable-donations/) - You can claim certain charitable donations on your tax return. Learn what qualifies from Cg Tax, Audit & Advisory. - [Reduce Your 2025 Tax Bill With Qualified Charitable Distributions](https://www.cgteam.com/reduce-your-2025-tax-bill-with-qualified-charitable-distributions/) - Certain taxpayers can reduce their 2025 tax bill by using their IRA for qualified charitable distributions. Learn more from Cg Tax, Audit & Advisory. - [Using Flexible Spending Accounts for Dependent Care](https://www.cgteam.com/using-flexible-spending-accounts-for-dependent-care/) - Taxpayers can use their flexible spending accounts for dependent care with the recent increase to the contribution limit. Learn more from the Cg Team. - [Cg Named 2025 Top 400 Firm by INSIDE Public Accounting](https://www.cgteam.com/2025ipa400/) - Cg Tax, Audit & Advisory announces its recognition as an IPA 400 firm by INSIDE Public Accounting (IPA). - [Tax Obligations for Separated or Divorced Couples](https://www.cgteam.com/tax-obligations-for-separated-or-divorced-couples/) - Couples who are separated or divorced will have certain tax obligations. Learn what these are from the Cg Team. - [Federal Payments Are Transitioning to Direct Deposit](https://www.cgteam.com/federal-payments-are-transitioning-to-direct-deposit/) - Payments from the federal government are transitioning to direct deposit. Learn what taxpayer need to do to be prepared from the Cg Team. - [The IRS Will Discontinue It's FIRE System in 2026](https://www.cgteam.com/the-irs-will-discontinue-its-fire-system-in-2026/) - The IRS is retiring it's current electronic filing system, FIRE, and will move to a new program in 2027. Learn more about the transition from Cg Tax, Audit & Advisory. - [The Increase in IRS Audits of High-Income Taxpayers](https://www.cgteam.com/the-increase-in-irs-audits-of-high-income-taxpayers/) - IRS audits of high-income taxpayers have increased from fiscal years 2020-2023. Learn more about the TIGTA report from the Cg Team. - [The October 15th Tax Return Extension Deadline](https://www.cgteam.com/the-october-15th-tax-return-extension-deadline/) - If you have an extension to file your tax return for the October 15th deadline, do so now. Learn what to do from the Cg Team. - [Cg Named One of the 2025 Best Accounting Firms to Work For](https://www.cgteam.com/cg-tax-audit-advisory-named-one-of-the-2025-best-accounting-firms-to-work-for/) - Cg Tax, Audit & Advisory announces its recognition as one of the 2025 Best Accounting Firms to Work For by Accounting Today and Best Companies Group. - [Concerns About the Treasury Paper-Based Payment Phase Out](https://www.cgteam.com/concerns-about-the-treasury-paper-based-payment-phase-out/) - Tax professionals are concerns about the speed of the U.S. treasury paper-based payment phase out. Learn more from Cg Tax, Audit & Advisory. - [Episode 74 - Change Management: An Effective Solution to Organizational Shifts](https://www.cgteam.com/episode-74-change-management-an-effective-solution-to-organizational-shifts/) - The newest episode of Cg Business Advisor features Angela Lapovsky, owner and founder of ARL Elevate discussing the process of change management - [New Jersey Property Tax Relief Programs](https://www.cgteam.com/new-jersey-property-tax-relief-programs/) - New Jersey residents meeting certain eligibility requirements have the opportunity to apply for three property tax relief programs via one application, the PAS-1. Read more from Cg. - [How to Know What Communications Are Actually the IRS](https://www.cgteam.com/how-to-know-what-communications-are-actually-the-irs/) - There are scammers pretending to be the IRS. Learn the difference between the scammers and the actual IRS from the Cg Team. - [Whether or Not Income from Garage Sales is Taxable](https://www.cgteam.com/whether-or-not-income-from-garage-sales-is-taxable/) - Need help determining whether or not your garage sale income is taxable? Learn what is considered taxable from the Cg Team. - [The Association of Certified Fraud Examiners Warns of New Fraud Schemes](https://www.cgteam.com/the-association-of-certified-fraud-examiners-warns-of-new-fraud-schemes/) - There are some new schemes fraudsters are using to target taxpayers. Learn how to protect yourself and your business. - [Episode 73: Tariffs & Inflation: The Effects on Your Business And Inventory Practices](https://www.cgteam.com/tariffs-inflation-the-effects-on-your-business-and-inventory-practices/) - The newest episode of Cg Business Advisor features Jennifer Flynn, VP of CPA partnerships at Source Advisors discussing LIFO and it's benefits. - [President Trump Signs His One, Big, Beautiful Bill Act into Law](https://www.cgteam.com/president-trump-signs-his-one-big-beautiful-bill-act-into-law/) - The One, Big, Beautiful Bill Act is now law. Here’s an overview of its key provisions from Cg Tax, audit & Advisory. - [The Different Uses For Your Roth IRA Funds](https://www.cgteam.com/the-different-uses-for-your-roth-ira-funds/) - IRA funds can be used for more than just retirement savings. Learn what you can use the funds for from the Cg Team. - [What's Included in President Trump’s Tax Bill?](https://www.cgteam.com/whats-included-in-president-trumps-tax-bill/) - Potential tax legislation highlights from the One, Big, Beautiful Bill. Read more from Cg. - [2025 Annual IRS Electronic Tax Administration Report](https://www.cgteam.com/2025-annual-irs-electronic-tax-administration-report/) - There is a new annual report released from the Electronic Tax Administration Advisory Committee. Learn more from the Cg Team. - [Mediation is Suggested for Taxpayers in Dispute with the IRS](https://www.cgteam.com/mediation-is-suggested-for-taxpayers-in-dispute-with-the-irs/) - If you are a taxpayer in dispute with the IRS, you should consider mediation. Learn the benefits and how to move forward from Cg Tax, Audit & Advisory. - [Tax Cuts and Jobs Act Limits Theft Loss Deductions](https://www.cgteam.com/tax-cuts-and-jobs-act-limits-theft-loss-deductions/) - The Tax Cuts and Jobs Act has limited the types of theft losses that are deductible on federal income taxes. Learn how this affects you from the Cg Team. - [Newlyweds: Key Steps For Filing Your Tax Returns](https://www.cgteam.com/newlyweds-key-steps-for-filing-your-tax-returns/) - Newlyweds who are getting married this years should follow they key steps when filing their returns. Learn more from the Cg Team. - [Tax Rules for Transferring Your 401k To An IRA](https://www.cgteam.com/tax-rules-for-transferring-your-401k-to-an-ira/) - There are certain tax rules for transferring funds from a 401k to an IRA. Learn what they are from the Cg Team. - [The Enhancement of the IRS's Pre-Filing Agreement Program](https://www.cgteam.com/the-enhancement-of-the-irss-pre-filing-agreement-program/) - The IRS has added some enhancements to their Pre-Filing Agreement Program. Learn more about them from Cg Tax, Audit & Advisory. - [IRS Warns of an Increase in Scams Targeting Older Adults](https://www.cgteam.com/irs-warns-of-an-increase-in-scams-targeting-older-adults/) - The IRS is warning taxpayers of scams that are targeting older adults. Learn how to protect you and your family from the Cg Team. - [Timeline You Can Expect To Receive Your Business Tax Refund](https://www.cgteam.com/timeline-you-can-expect-to-receive-your-business-tax-refund/) - Larger businesses have a different timeline when receiving their tax refunds. Learn what this means for you and your business from the Cg Team. - [IRS Reminder: Income Made From Side Hustles is Taxable](https://www.cgteam.com/irs-reminder-income-made-from-side-hustles-is-taxable/) - The IRS is reminding taxpayer who gain income from side hustles that it is taxable. Learn more from Cg Tax, Audit & Advisory - [The United States Government Transitions to Electronic Payments](https://www.cgteam.com/the-united-states-government-transitions-to-electronic-payments/) - The US government is transitioning to electronic payments in all areas. Learn how this will affect you and your business, and how to prepare. - [The Taxpayer Advocate Service (TAS) & Potential Tax Breaks](https://www.cgteam.com/the-taxpayer-advocate-service-tas-potential-tax-breaks/) - Small businesses can take advantage of the Taxpayer Advocate Service (TAS) for some potential tax breaks. Learn what these breaks are from the Cg Team. - [Resources For Taxpayers Who Missed the April 15th Deadline](https://www.cgteam.com/resources-for-taxpayers-who-missed-the-april-15th-deadline/) - Taxpayers who missed the April 15th deadline have a few resources available to them to resolve owed taxes, interest and penalties. Learn more from the Cg Team. - [Second Quarterly Tax Payments Are Due on June 16th](https://www.cgteam.com/second-quarterly-tax-payments-are-due-on-june-16th/) - The second of the quarterly tax payments are due on June 16th. Learn how to pay and what payment is due from Cg Tax, Audit & Advisory. - [Potential New Provisions for Taxpayers Selling Goods & Services](https://www.cgteam.com/potential-new-provisions-for-taxpayers-selling-goods-services/) - If the One, Big, Beautiful Bill gets passed, taxpayers selling goods and services may be affected. Learn what these potential changes may be from the Cg Team. - [Potential Simplification of Corporate Alternative Minimum Tax (CAMT)](https://www.cgteam.com/potential-simplification-of-corporate-alternative-minimum-tax-camt/) - The IRS has issued guidance in order to simplify the Corporate Alternative Minimum Tax (CAMT). Learn how this may affect you and your business from Cg. - [Tax Planning Steps to Make 2025 Your Tax Filing Easier](https://www.cgteam.com/tax-planning-steps-to-make-2025-your-tax-filing-easier/) - There a few tax planning items you can take care of now to avoid the headache later down the road. Learn what these steps are from the Cg Team. - [The Difference Between A Fraudulent and Inaccurate Tax Return](https://www.cgteam.com/the-difference-between-a-fraudulent-and-inaccurate-tax-return/) - There is a difference between fraudulent and inaccurate/ potentially abusive tax returns. Learn more from Cg Tax, Audit & Advisory. - [Beware of Scam Emails from Fake Identity Verification Services](https://www.cgteam.com/beware-of-scam-emails-from-fake-identity-verification-services/) - There is a new scam that targets people via email pretending to be ID.me, a verification service used by many government organizations. Learn more from the Cg Team. - [New Tariff Fraud Scheme Targeting Consumers](https://www.cgteam.com/new-tariff-fraud-scheme-targeting-consumers/) - There is a new fraud scheme that is targeting consumers in light of the new tariff increases. Learn what is going on from the Cg Team. - [Potential Tax Deductions for Company Celebrations](https://www.cgteam.com/potential-tax-deductions-for-company-celebrations/) - If you throw a party or hold a dinner for your employees, this may be subject to a tax deduction. Learn more from the Cg Team. - [Modernized New Jersey Tax Portal](https://www.cgteam.com/modernized-new-jersey-tax-portal/) - The New Jersey Tax Portal provides several benefits to taxpayers. In order to access the portal and ensure timely sales tax filing, business owners need to set up an administrator profile. Learn more from Cg. - ["The One, Big, Beautiful Bill" Clears the House Budget Committee](https://www.cgteam.com/the-one-big-beautiful-bill-clears-the-house-budget-committee/) - The new budget reconciliation bill has passed the House Budget Committee and will move to the House of Representatives for a vote. Learn more about the bill from the Cg Team. - [Gig Economy Income and Self-Employment Taxes](https://www.cgteam.com/gig-economy-income-and-self-employment-taxes/) - Earning income through the gig economy? If so, you will need to pay self-employment tax. Learn what you need to report from the Cg Team. - [The U.S. EPA's Plans To Phase Out The Energy Star Program](https://www.cgteam.com/the-u-s-epas-plans-to-phase-out-the-energy-star-program/) - The U.S. Environmental Protection Agency (EPA) plans to phase out the Energy Star Program. Learn how this may affect you and your business from the Cg Team. - [Summer Camp Costs & the Child and Dependent Care Credit](https://www.cgteam.com/summer-camp-costs-the-child-and-dependent-care-credit/) - Sending your child to a day camp in the summer may count towards Summer Camp Costs & the Child and Dependent Care Credit. Learn more from the Cg Team. - [Contributing to Your Health Savings Account (HSA)](https://www.cgteam.com/contributing-to-your-health-savings-account-hsa/) - Taxpayers covered by a HDHP are able to contribute pretax income to a Health Savings Account (HSA). Learn how to from the Cg Team. - [Completing Form W-9 Upfront for Independent Contractors](https://www.cgteam.com/completing-form-w-9-upfront-for-independent-contractors/) - Turning to independent contractors to fill in labor gaps requires filling out Form W-9. Learn how to ensure compliance from Cg Tax, Audit & Advisory. - [Tax-Exempt Entities Need to File Their Returns by May 15th](https://www.cgteam.com/tax-exempt-entities-need-to-file-their-returns-by-may-15th/) - Although the tax deadline for most taxpayers and organizations was April 15th, tax-exempt entities will need to file but May 15th. Learn more from the Cg Team. - [Claim a Potential Capital Gains Exclusion From the IRS](https://www.cgteam.com/claim-a-potential-capital-gains-exclusion-from-the-irs/) - Did you just sell your home? If so, you've probably realized capital gains and there may be potential to exclude them from the IRS. Learn more from the Cg Team. - [IRS Announces Cuts of Certain Regulations](https://www.cgteam.com/irs-announces-cuts-of-certain-regulations/) - The IRS has announced the cuts of multiple “extraneous and unnecessary” IRS notices. Learn more about these changes from the Cg team. - [How to File an Amendment if you Forgot Something on Your Return](https://www.cgteam.com/how-to-file-an-amendment-if-you-forgot-something-on-your-return/) - Forget to include something on your tax return? Learn how to file an amendment to your return from Cg Tax, Audit & Advisory. - [Ensuring Your 2025 Withholding Amount is Correct](https://www.cgteam.com/ensuring-your-2025-withholding-amount-is-correct/) - Although tax season is over, it's still important to make sure that your 2025 withholding is correct. Learn more from the Cg Team. - [What to Do if Your Tax Refund is Stolen](https://www.cgteam.com/what-to-do-if-your-tax-refund-is-stolen/) - Taxpayers sometimes get their tax refunds stolen or sent to the incorrect account. Learn how to get it back from the Cg team. - [Reporting Cancelled Debt as Taxable Income to the IRS](https://www.cgteam.com/reporting-cancelled-debt-as-taxable-income-to-the-irs/) - If you get your debt cancelled, you may have to report that as taxable income to the IRS. Learn more from the Cg Team. - [Cg is a 2026 Top Ranked Accounting Firm](https://www.cgteam.com/cg-tax-audit-advisory-is-a-2026-top-ranked-accounting-firm/) - Cg Tax, Audit & Advisory has been recognized for the first time as a 2026 Top Ranked Accounting Firm by Vault. Learn more about this award on our website. - [Why You Should File a Return if You Aren't Not Required To](https://www.cgteam.com/why-you-should-file-a-return-if-you-arent-not-required-to/) - Are you a taxpayer not required to file a tax return? Learn why you still should file from the team at Cg Tax, Audit & Advisory. - [Two Education Tax Credits to Reduce Income Tax](https://www.cgteam.com/two-education-tax-credits-to-reduce-income-tax/) - There are two education tax credits that can help lower the income tax bills of many taxpayers. Learn more about these credits from the Cg Team. - [Setting up Payment Plans for Tax Bills You Can't Pay in Full](https://www.cgteam.com/setting-up-payment-plans-for-tax-bills-you-cant-pay-in-full/) - Taxpayers sometimes can't pay their tax bill in full. Learn how to set up payment plans from the team at Cg Tax, Audit & Advisory. - [Using the Child Tax Credit for Other Dependents](https://www.cgteam.com/using-the-child-tax-credit-for-other-dependents/) - Taxpayers with dependents that aren't children can still benefit from a tax credit. Learn what benefits those are from the Cg Team. - [Potential Changes For the Student Loan Interest Tax Deduction](https://www.cgteam.com/potential-changes-for-the-student-loan-interest-tax-deduction/) - There may be some potential changes coming for the student loan interest tax deduction. Learn more from the Cg Team. - [FinCEN Eliminates CTA's BOI Reporting Requirements for U.S. Entities](https://www.cgteam.com/fincen-eliminates-ctas-boi-reporting-requirements-for-u-s-entities/) - The U.S. Dept. of the Treasury's Financial Crimes Enforcement Network issued an Interim Final Rule removing the requirement for U.S. companies and U.S. individuals to report beneficial ownership information to FinCEN under the CTA. Read more from Cg. - [Filing Your 2024 Taxes With the Form W-2](https://www.cgteam.com/filing-your-2024-taxes-with-the-form-w-2/) - Form W-2 is a document you should receive from your employer in order to file your taxes. Learn more from the Cg Team. - [Filing a Six-Month Extension for Your 2024 Tax Return](https://www.cgteam.com/filing-a-six-month-extension-for-your-2024-tax-return/) - Taxpayers who need more time to file their 2024 returns can file a six-month extension. Learn how from Cg Tax, Audit & Advisory. - [Episode 72: Personal Development & Realizing Your Potential with Aaron Levine](https://www.cgteam.com/episode-72-personal-development-realizing-your-potential-with-aaron-levine/) - The newest episode of Cg Business Advisor features the owner of LG Insurance Agency, Aaron Levine. Learn more about the episode here. - [Filing Your Taxes With Your Individual Taxpayer Identification Number](https://www.cgteam.com/filing-your-taxes-with-your-individual-taxpayer-identification-number/) - If you file your taxes with your Individual Taxpayer Identification Number instead of your SSN, you need to make sure it is up to date. Learn more from the Cg Team. - [Claiming the Head of Household Status Tax Filing Status](https://www.cgteam.com/claiming-the-head-of-household-status-tax-filing-status/) - Determining the correct filing status can be difficult for unmarried parents who live together. Learn how to determine this from the Cg Team. - [How to Use the Achieving a Better Life Experience Account](https://www.cgteam.com/how-to-use-the-achieving-a-better-life-experience-account/) - Disabled individuals an their families can benefit from using a Achieving a Better Life Experience Account. Learn what the benefits are from the Cg Team. - [File Your Income Tax Electronically This Tax Season](https://www.cgteam.com/file-your-income-tax-electronically-this-tax-season-2/) - Taxpayers who don't file their taxes electronically, should consider doing so this tax season. Learn who to get started from Cg Tax, Audit & Advisory. - [Reporting Your Foreign Bank or Financial Accounts](https://www.cgteam.com/file-your-income-tax-electronically-this-tax-season/) - Taxpayers who have money in foreign banks and bank accounts still need to file a report to the IRS. Learn what you need to do from Cg Tax, Audit & Advisory. - [Last Minute Tax Filing Advice for Taxpayer in a Pinch](https://www.cgteam.com/last-minute-tax-filing-advice-for-taxpayer-in-a-pinch/) - With less than a month left in tax season, Cg Tax, Audit & Advisory offers some last minute tax filing advice to taxpayers feeling behind. - [Where Do We Stand With the Corporate Transparency Act?](https://www.cgteam.com/where-do-we-stand-with-the-corporate-transparency-act/) - With all the communications going out the past few weeks, we felt it important to keep you apprised of the very latest information and where we stand with regards to the CTA. Read more from Cg Tax, Audit & Advisory - [COVID-Era Telehealth Waivers Applicable to Medicare Extended to Sept. 30](https://www.cgteam.com/covid-era-telehealth-waivers-applicable-to-medicare-extended-to-sept-30/) - On Friday, March 15th, Congress extended the COVID-era telehealth waivers applicable to Medicare. Read more from Cg. - [April 15th, 2025: The Deadline to File Your 2021 Tax Return](https://www.cgteam.com/april-15th-2025-the-deadline-to-file-your-2021-tax-return/) - Taxpayers who have not filed their 2021 return, will only be able to do so until April 15th, 2025. Learn what do in order to file on time from the Cg Team. - [Required Minimum Distributions for IRA Inheritors](https://www.cgteam.com/required-minimum-distributions-for-ira-inheritors/) - Taxpayers who inherit traditional IRAs may need to start taking required minimum distributions (RMDs). Learn what you need to do from the Cg Team. - [Translated Tax Forms & Information Provided by the IRS](https://www.cgteam.com/translated-tax-forms-information-provided-by-the-irs/) - The IRS has tax forms translated into almost 7 different languages for taxpayers who need it. Learn more from the Cg Tax, Audit & Advisory team. - [Cg Recognized as 2025 Top Regional Leader by Accounting Today](https://www.cgteam.com/cg-recognized-as-2025-top-regional-leader-by-accounting-today/) - For the fourth consecutive year, Cg Tax, Audit & Advisory has been named one of Accounting Today’s ‘Top Regional Leaders’ for 2023 in the Mid-Atlantic Region. - [Fraud Schemes for Paper Check Tax Refunds](https://www.cgteam.com/fraud-schemes-for-paper-check-tax-refunds/) - FinCEN is recommending taxpayers receive their refunds electronically due to the increase in fraud. Learn how to protect yourself from Cg Tax, Audit & Advisory. - [CTA's BOI Reporting Requirements May No Longer Apply to Domestic Entities](https://www.cgteam.com/ctas-boi-reporting-requirements-may-no-longer-apply-to-domestic-entities/) - In another Corporate Transparency Act update, the U.S. Department of the Treasury announced that it will propose a rule that would eradicate the enforcement of beneficial ownership information reporting requirements on U.S. reporting entities or their beneficial owners. Read more from Cg. - [Reporting Cash Transactions of $10,000 or More](https://www.cgteam.com/reporting-cash-transactions-of-10000-or-more/) - Businesses need to report cash transaction of $10,000 or more to the IRS or FinCEN. Learn how to report these transactions from Cg Tax, Audit & Advisory. - [Taxpayers: Mail Your Returns On Time to Avoid Late Fees](https://www.cgteam.com/taxpayers-mail-your-returns-on-time-to-avoid-late-fees/) - In order to avoid late fees from the IRS, taxpayers need to mail their taxes on time. Learn when a good time to mail is from the Cg Team. - [FinCEN Will Not Issue Fines or Penalties for Missing March 21 BOI Reporting Deadline](https://www.cgteam.com/fincen-will-not-issue-fines-or-penalties-for-missing-march-21-boi-reporting-deadline/) - FinCEN revealed that it will not issue fines or penalties for reporting entities missing the March 21, 2025 beneficial ownership information reporting deadline. Read more from Cg. - [Proof of Healthcare Coverage for Employees](https://www.cgteam.com/proof-of-healthcare-coverage-for-employees/) - Large employers must offer a place for employees to request their healthcare coverage documentation. Learn other details from the Cg Team. - [Tax Refunds That Are More Than You're Entitled To](https://www.cgteam.com/tax-refunds-that-are-more-than-youre-entitled-to/) - Learn what to do if there you receive a tax refund that you aren't entitled to from Cg Tax, Audit & Advisory. - [The IRS's Taxpayer Bill of Rights & Taxpayer Confidentiality](https://www.cgteam.com/the-irss-taxpayer-bill-of-rights-taxpayer-confidentiality/) - Taxpayers have the right to confidentiality when dealing with federal tax authorities. Learn what your taxpayer rights are from the Cg Team. - [Protect Yourself From Business Identity Theft](https://www.cgteam.com/protect-yourself-from-business-identity-theft/) - Business need to protect themselves from identity theft just like individuals. Learn how to protect your business from the Cg Team. - [Corporate Transparency Act Mandatory BOI Filing Requirement Returns](https://www.cgteam.com/corporate-transparency-act-mandatory-boi-filing-requirement-returns/) - Corporate Transparency Act (:CTA") mandatory BOI filing requirements are now enforced. Read more from Cg Tax, Audit & Advisory. - [THIS REQUIRES YOUR IMMEDIATE ATTENTION: Corporate Transparency Act](https://www.cgteam.com/this-requires-your-immediate-attention-corporate-transparency-act/) - Important client information on the Corporate Transparency Act from Cg Tax, Audit & Advisory. - [Corporate Transparency Act Filings Due Jan. 1, 2025](https://www.cgteam.com/cta-update/) - Important client information on the Corporate Transparency Act from Cg Tax, Audit & Advisory. - [Corporate Transparency Act Blocked Nationwide by Texas Court](https://www.cgteam.com/corporate-transparency-act-blocked-nationwide-by-texas-court/) - The Corporate Transparency Act was blocked nationwide by a Texas Court. Read more from Cg Tax, Audit & Advisory. - [Fast-Moving Developments on Corporate Transparency Act](https://www.cgteam.com/cta-new-developments/) - The latest updates on the Corporate Transparency Act, and what they mean for deadlines, from Cg Tax, Audit & Advisory. - [Latest CTA Development May Relieve Many Entities of Reporting Obligations](https://www.cgteam.com/latest-cta-development-may-relieve-many-entities-of-reporting-obligations/) - There has been yet another court decision surrounding the Corporate Transparency Act ("CTA") and its impending deadlines. Read more from Cg Tax, Audit & Advisory. - [FinCEN Extends BOI Reporting Deadline to January 13, 2025 for Many Reporting Entities](https://www.cgteam.com/boi-reporting-deadline-extended/) - We have new information from the Financial Crimes Enforcement Network regarding the Corporate Transparency Act reporting deadlines. Read more from Cg Tax, Audit & Advisory. - [Federal Trade Commission Warns of Unexpected Package Scams](https://www.cgteam.com/federal-trade-commission-warns-of-unexpected-package-scams/) - There is a new scam that the Federal Trade Commission is warning about. Learn how to protect yourself from Cg Tax, Audit & Advisory. - [Your Identity Protection Personal Identification Number](https://www.cgteam.com/your-identity-protection-personal-identification-number/) - Taxpayers should protect themselves this tax season by getting their identity protection personal identification number. Learn how from the Cg Team. - [2025 Tax Calendar](https://www.cgteam.com/2025-tax-calendar/) - Reference this tax calendar to learn the 2025 deadlines for various tax-related forms and payments. Contact Cg Tax, Audit & Advisory with questions. - [IRS Warns Taxpayers About False W-2 Scams](https://www.cgteam.com/irs-warns-taxpayers-about-false-w-2-scams/) - The IRS is warning taxpayers about a new scam involving fake W-2's. Learn more and how to protect yourself from the Cg Team. - [Benefits of Married Couples Filing Tax Returns Separately](https://www.cgteam.com/benefits-of-married-couples-filing-tax-returns-separately/) - There may be some benefits to filing separately even is you are married. Learn about those benefits from Cg Tax, Audit & Advisory. - [Eligibility for the Earned Income Tax Credit](https://www.cgteam.com/eligibility-for-the-earned-income-tax-credit/) - The Earned Income Tax Credit has been in effect for 50 years. Learn if you are eligible from Cg Tax, Audit & Advisory. - [Starting a Medical Practice: What to Consider](https://www.cgteam.com/starting-a-medical-practice-what-to-consider/) - This article outlines the critical elements to consider when starting a medical practice, ensuring a solid foundation for long-term success. - [Reasons Your Business Should Have a Financial Audit](https://www.cgteam.com/reasons-your-business-should-have-a-financial-audit/) - Conducting a financial audit can deliver strategic benefits that go beyond compliance, providing valuable insights for businesses of all sizes. - [Tax Filing Season & Tracking Your Refunds](https://www.cgteam.com/tax-filing-season-tracking-your-refunds/) - Tax season is here and means many taxpayers will receive a tax refund. Learn where to track the status of your refund from Cg Tax, Audit & Advisory. - [2025 Central New Jersey Real Estate Forecast](https://www.cgteam.com/2025-central-new-jersey-real-estate-forecast/) - Learn Cg's key takeaways from the 2025 Central New Jersey Real Estate Forecast, and the predictions for real estate market this year. - [Exceptions to IRA Withdrawal Penalties](https://www.cgteam.com/exceptions-to-ira-withdrawal-penalties/) - There are certain exceptions to the penalties taxpayers receive when withdrawing from their IRA. Learn what these exceptions are from the Cg Team. - [What to Do if You Receive an Incorrect W-2](https://www.cgteam.com/what-to-do-if-you-receive-an-incorrect-w-2-2/) - Do you know what to do if you receive an incorrect W-2 from a current or former employer? If not, learn from Cg Tax, Audit & Advisory. - [The Difference Between Tax Deductions and Tax Credits](https://www.cgteam.com/the-difference-between-tax-deductions-and-tax-credits/) - Don't understand the difference between tax credits and tax deductions? Learn what they are from Cg Tax, Audit & Advisory. - [2025 Filing Changes to Protect Taxpayers from Scams](https://www.cgteam.com/2025-filing-changes-to-protect-taxpayers-from-scams/) - The Coalition Against Scam and Scheme Threats (CASST) has issued filing changes for 2025. Learn what they are from the Cg Team. - [Notify the IRS About Your 2024 Address Change](https://www.cgteam.com/notify-the-irs-about-your-2024-address-change/) - Tax season 2025 starts today, January 27th. Did your address change in 2024? Notify the IRS today. Learn how from Cg Tax, Audit & Advisory. - [Automatic 401k Plan Enrollment for Employees](https://www.cgteam.com/automatic-401k-plan-enrollment-for-employees/) - The SECURE 2.0 Act now requires employers to enroll employees into their 401k plan automatically. Learn what this means for you from the Cg Team. - [The 2025 Tax Season Begins on January 27th](https://www.cgteam.com/the-2025-tax-season-begins-on-january-27th/) - The 2025 tax season is almost here! The official start date is January 27th. Have tax needs? Learn how Cg Tax, Audit & Advisory can help. - [What to Do if You Receive a CP24 Notice from the IRS](https://www.cgteam.com/what-to-do-if-you-receive-a-cp24-notice-from-the-irs/) - If you receive a CP24 notice from the IRS, don't worry. Learn what it means and what to do from Cg Tax, Audit & Advisory. - [2024 Fourth Quarter Estimated Tax Payments](https://www.cgteam.com/2024-fourth-quarter-estimated-tax-payments/) - If you owe taxes, avoid penalties by making a quarterly payment by January 15th. Learn what to do from Cg Tax, Audit & Advisory. - [Potential Tax Deductions for Unmarried Homeowners](https://www.cgteam.com/potential-tax-deductions-for-unmarried-homeowners/) - You may be able to claim a tax break if you are purchasing a home with someone you are not married to. Learn more from the Cg Team. - [Reporting Digital Asset - Related Income on Your Tax Return](https://www.cgteam.com/reporting-digital-asset-related-income-on-your-tax-return/) - If you own digital assets, you will have to report this income on your tax return. Learn what you should to in order to prepare from the Cg Team. - [Final Quarterly Tax Payment is Due January 15th](https://www.cgteam.com/final-quarterly-tax-payment-is-due-january-15th/) - The last day to make a payment on your 2024 taxes is January 15th. Learn what to do if you need help from Cg Tax, Audit & Advisory. - [The IRS Has Issued the Mileage Rates for 2025](https://www.cgteam.com/the-irs-has-issued-the-mileage-rates-for-2025/) - The mileage rates for 2025 were just released by the IRS. Learn what they are from Cg Tax, Audit & Advisory. - [IRS Tax Checklist for Newlyweds in 2024](https://www.cgteam.com/irs-tax-checklist-for-newlyweds-in-2024/) - The IRS has provided a checklist to help newlyweds avoid mistakes that could cost them at tax time. Learn what those are from the Cg Team. - [Episode 71: Cg Business Advisor Podcast's 2024 Year in Review](https://www.cgteam.com/episode-71-cg-business-advisor-podcasts-2024-year-in-review/) - The newest episode of Cg Business Advisor features all of 2024's best episodes. Learn more about the episode here. - [Claiming 2024 Tax Breaks for Tuition Expenses](https://www.cgteam.com/claiming-2024-tax-breaks-for-tuition-expenses/) - You may be able to claim a tax break for your tuition expenses in 2024. Learn if you eligible from Cg Tax, Audit & Advisory. - [The Future of the IRS Direct File Program](https://www.cgteam.com/the-availability-of-the-irs-direct-file-program/) - The IRS Direct File Program may not be available for long. Learn about the most recent update from Cg Tax, Audit & Advisory. - [Taxpayers: Act Fast on Your Qualified Asset Expense Deductions](https://www.cgteam.com/taxpayers-act-fast-on-your-qualified-asset-expense-deductions/) - If you want to expense your qualified assets you have to act soon. Learn what to do from Cg Tax, Audit & Advisory. - [Tax Debt: Prevent Putting Your Passport at Risk](https://www.cgteam.com/tax-debt-prevent-putting-your-passport-at-risk/) - If you have a seriously delinquent tax debt, you could be putting your passport at risk. Learn how to fix this from the Cg Team. - [Don't Fall for False Tax Advice on Social Media](https://www.cgteam.com/dont-fall-for-false-tax-advice-on-social-media/) - There is a lot of false tax advice circulating on social media. Learn how to avoid falling for this false information from the Cg Team. - [The IRS Identity Protection PIN Program](https://www.cgteam.com/the-irs-identity-protection-pin-program/) - Protect yourself and your identity by joining the IP PIN program. Learn how to sign up and about the benefits from the Cg Team. - [Claiming Medical Expenses on Your 2024 Tax Return](https://www.cgteam.com/claiming-medical-expenses-on-your-2024-tax-return/) - Want to claim medical expenses on your 2024 federal tax return? Learn what to do from Cg Tax, Audit & Advisory. - [Catch-Up Contributions & Changes in 2025](https://www.cgteam.com/catch-up-contributions-changes-in-2025/) - There are some changes coming in 2025 that may affect catch-up contributions. Learn what these changes are from the Cg Team. - [Donate Your Stocks to Charity This Holiday Season](https://www.cgteam.com/donate-your-stocks-to-charity-this-holiday-season/) - Planning on donating to charity this holiday season? Consider donating your stocks. Learn how from Cg Tax, Audit & Advisory. - [Tax Deductions for Company Holiday Parties](https://www.cgteam.com/tax-deductions-for-company-holiday-parties/) - Maximize your tax deductions for your company's holiday party this year. Learn what is deductible from the Cg Team. - [Getting a Jumpstart on Your 2024 Federal Tax Return](https://www.cgteam.com/getting-a-jumpstart-on-your-2024-federal-tax-return/) - Worried about you 2024 federal tax return? Learn how to get ahead of the curve by learning from Cg Tax, Audit & Advisory. - [Making Charitable Donations This Holiday Season](https://www.cgteam.com/making-charitable-donations-this-holiday-season/) - With the holiday season approaching, many taxpayers are thinking about making donations to charity. Learn more from the Cg Team. - [Tax Reduction Strategy: Charitable Donation Bunching](https://www.cgteam.com/tax-reduction-strategy-charitable-donation-bunching/) - Taxpayers can start bunching their charitable donations to earn a higher deduction during tax time. Learn how from the Cg Team. - [Tax Liabilities & Filing for Bankruptcy](https://www.cgteam.com/tax-liabilities-filing-for-bankruptcy/) - When taxpayers file for bankruptcy, only in certain situations are tax debt dischargeable. Learn what those are from the Cg Team. - [Anonymously Reporting Tax-Related Fraud to the IRS](https://www.cgteam.com/anonymously-reporting-tax-related-fraud-to-the-irs/) - A reminder to taxpayers that they can anonymously report tax-related fraud to the IRS. Learn more from Cg Tax, Audit & Advisory. - [How Will the 2025 Inflation Adjustment Numbers Affect Your Year-End Tax Planning?](https://www.cgteam.com/how-will-the-2025-inflation-adjustment-numbers-affect-your-year-end-tax-planning/) - Consider the 2025 inflation-adjusted retirement plan contribution limits when tax planning for retirement. Learn what they are from the Cg Team. - [Tax Break Eligibility for the U.S. Armed Forces](https://www.cgteam.com/tax-break-eligibility-for-the-u-s-armed-forces/) - Members of the U.S. Armed Forces are eligible for certain tax breaks. Learn what those are from Cg Tax, Audit & Advisory. - [Now What? Assessing the Likely Tax Impacts of the 2024 Election](https://www.cgteam.com/now-what-assessing-the-likely-tax-impacts-of-the-2024-election/) - How might President-Elect Trump’s policies affect taxes going forward? Read more from Cg - [Inheritance Value and Estate Tax Exemption](https://www.cgteam.com/inheritance-value-and-estate-tax-exemption/) - Have you lost a family member or received any type of inheritance this year? If so, learn about your estate tax exemption from the Cg Team. - [Taxpayers: Take Your Required Minimum Distributions](https://www.cgteam.com/taxpayers-take-your-required-minimum-distributions/) - RMD's must be taken out to avoid penalties by taxpayer born before 1950. Learn what to do form Cg Tax, Audit & Advisory. - [Employees with a Tax Bill: Check Your Withholding](https://www.cgteam.com/employees-with-a-tax-bill-check-your-withholding/) - Employees with a surprise tax bill should check their withholding to ensure it's sufficient. Learn how to adjust your withholding from the Cg Team. - [Prepare for Gift Giving This Holiday Season](https://www.cgteam.com/prepare-for-gift-giving-this-holiday-season/) - If you own a business, prepare for this holiday season of by learning what gifts are tax deductible from the Cg Team. - [Difference Between an Amended & Superseding Tax Return](https://www.cgteam.com/difference-between-an-amended-superseding-tax-return/) - Want to know the difference between an amended and superseding tax return? Learn from Cg Tax, Audit & Advisory. - [Businesses: Know When to Pay Year-End Employee Bonuses](https://www.cgteam.com/businesses-know-when-to-pay-year-end-employee-bonuses/) - Employers need to know when to pay their employees year-end bonuses. Learn what makes the most sense for your business from the Cg Team. - [Guidelines for Submitting Substitute Tax Forms](https://www.cgteam.com/guidelines-for-submitting-substitute-tax-forms/) - The IRS has issued guidelines for submitting substitute tax returns. Learn what they are and how to substitute them from the Cg Team. - [Cg Named One of America’s 2025 Best Workplaces](https://www.cgteam.com/cg-tax-audit-advisory-named-one-of-americas-2025-best-workplaces/) - Cg Tax, Audit & Advisory has been recognized for the first time as a 2025 Best Workplaces in America by the Best Companies Group. - [Guidelines for Submitting Substitute Tax Forms](https://www.cgteam.com/guidelines-for-submitting-a-substitute-tax-return/) - The IRS has issued guidelines for submitting substitute tax returns. Learn what they are and how to substitute them from the Cg Team. - [The On-Time Work Opportunity Tax Credit (WOTC)](https://www.cgteam.com/the-on-time-work-opportunity-tax-credit-wotc/) - There is a one-time Work Opportunity Tax Credit available to employers looking to hire new employees. Learn what it is from Cg Tax, Audit & Advisory. - [Cyber Security Awareness & Best Practices](https://www.cgteam.com/cyber-security-awareness-best-practices/) - National Cybersecurity Awareness Month has come to a close. Protect your information and learn some cybersecurity best practices from the Cg Team. - [The Premium Tax Credit Enhancements From 2021](https://www.cgteam.com/the-premium-tax-credit-enhancements-from-2021/) - The premium tax credit was enhanced in 2021 to allow certain taxpayers to claim the credit. Learn more from the Cg Team. - [Begin Your End of Year Estate and Tax Planning](https://www.cgteam.com/begin-your-end-of-year-estate-and-tax-planning/) - As the year comes to a close, it's time to think about end of year estate & tax planning. Learn and get help from Cg Tax, Audit & Advisory. - [Cg is a Top Ranked Internship](https://www.cgteam.com/vault2024/) - Cg Tax, Audit & Advisory’s internship program has been recognized for the first time as a 2025 Top Ranked Internship by Vault. - [Rules for Deducting Research & Development Expenses](https://www.cgteam.com/rules-for-deducting-research-development-expenses/) - There are certain rules about how to deduct research & development expenses on your tax return. Learn what they are from the Cg Team. - [Update on the IRS Employee Retention Tax Credit (ERTC)](https://www.cgteam.com/update-on-the-irs-employee-retention-tax-credit-ertc/) - Learn about the IRS's Employee Retention Tax Credit (ERTC) investigation updates from Cg Tax, Audit & Advisory. - [Unlocking Growth Potential: How Outsourcing CFO Services Benefits Growing Companies](https://www.cgteam.com/benefits-of-outsourcing-cfo-services/) - Financial management is crucial for any business, from mid-sized startups to large corporations. Due to the complexity and demand of growth in this area, A more efficient way to accelerate growth could be outsourcing CFO services. - [Hurricane Helene and Milton IRS Tax Assistance](https://www.cgteam.com/hurricane-helene-and-milton-irs-tax-assistance/) - Were you or your business affected by Hurricane Helene and Hurricane Milton? Learn how to get assistance from the IRS from the Cg Team. - [About Health Savings Accounts & Their Benefits](https://www.cgteam.com/about-health-savings-accounts-their-benefits/) - Interested in contributing to an Health Savings Account?, but are unsure of the benefits? Learn more from Cg Tax, Audit & Advisory. - [Episode 70: Discussing Artificial Intelligence & Business Automation with Alan Hester](https://www.cgteam.com/episode-70-discussing-artificial-intelligence-business-automation-with-alan-hester/) - The newest episode of Cg Business Advisor features Alan Hester, President of Nividous Software Solutions. Learn more about their episode here. - [Reporting Health Insurance Coverage Information to the IRS](https://www.cgteam.com/reporting-health-insurance-coverage-information-to-the-irs/) - Are you an employer that sponsors self-insured health plans? Learn what you need to report the the IRS from Cg Tax, Audit & Advisory. - [Possibly Lower Your Taxes During the Last Quarter of 2024](https://www.cgteam.com/possibly-lower-your-taxes-during-the-last-quarter-of-2024/) - Accrual-basis businesses can possibly lower their taxes by cleaning up their books at the end of 2024. Learn how from the Cg Team. - [Hurricane Helene IRS Tax Relief](https://www.cgteam.com/hurricane-helene-irs-tax-relief/) - Were you or your business affected by Hurricane Helene? Learn how you can get some IRS tax relief from Cg Tax, Audit & Advisory. - [Tax Breaks for Taxpayer Nonprofit Donations](https://www.cgteam.com/tax-breaks-for-taxpayer-nonprofit-donations/) - Taxpayers can obtain a tax break through donating to IRS approved nonprofit organizations. Learn more from the Cg Team. - [Taxes Take Center Stage in the 2024 Presidential Campaign](https://www.cgteam.com/taxes-take-center-stage-in-the-2024-presidential-campaign/) - Election day is only a month away. Here’s a rundown of the major tax proposals of the two candidates. Read more from Cg Tax, Audit & Advisory. - [2023 Tax Return Extension Deadline is Approaching](https://www.cgteam.com/2023-tax-return-extension-deadline-is-approaching/) - October 15th is the extension deadline for 2023 tax returns. Learn what you need to do from Cg Tax, Audit & Advisory. - [How to Lower Your Utility Bills & Obtain a Tax Break](https://www.cgteam.com/how-to-lower-your-utility-bills-obtain-a-tax-break/) - Taxpayers can potentially lower their utility and obtain a tax credit by installing solar panels. Learn more from Cg Tax, Audit & Advisory. - [About the Employee Retention Tax Credit Voluntary Disclosure Program](https://www.cgteam.com/about-the-employee-retention-tax-credit-voluntary-disclosure-program/) - The IRS's Employee Retention Credit Voluntary Disclosure Program (ERC-VDP) is available until Nov. 22, 2024. Learn about it from the Cg Team. - [New 2024-2025 IRS Per Diem Rates for Travel Expenses](https://www.cgteam.com/new-2024-2025-irs-per-diem-rates-for-travel-expenses/) - The IRS has released the per diem rates for business travel expenses in 2024-2025. Learn what they are from the Cg Team. - [What to Do If You Are Unable to Pay Off Your Tax Debt](https://www.cgteam.com/what-to-do-if-you-are-unable-to-pay-off-your-tax-debt/) - Unsure what to do if you are unable to pay off your tax debt? Learn what your options are from Cg Tax, Audit & Advisory. - [Cg Raises $2,000 for the Jon Bon Jovi Soul Kitchen at 1st Annual Charity Cornhole Tournament](https://www.cgteam.com/cg-raises-2000-for-the-jon-bon-jovi-soul-kitchen-at-1st-annual-charity-cornhole-tournament/) - Cg Tax, Audit & Advisory (“Cg”) recently raised $2,000 in support of the Jon Bon Jovi Soul Kitchen at the firm’s 1st Annual Charity Cornhole Tournament. - [What to Do if You Receive an Inadvertent Unauthorized Disclosure](https://www.cgteam.com/what-to-do-if-you-receive-an-inadvertent-unauthorized-disclosure/) - If you receive a document from the IRS that isn't meant for you, learn what to do from Cg Tax, Audit & Advisory. - [What to Know Before You Sell You Home](https://www.cgteam.com/what-to-know-before-you-sell-you-home/) - There are many things to consider before you sell your home. Learn what you need to know from Cg Tax, Audit & Advisory. - [What to do About Your IRS Collection Notice](https://www.cgteam.com/former-military-members-how-to-handle-taxes-after-retiring-2/) - If you receive a collection notice from the IRS, no need to panic. Learn what to do from Cg Tax, Audit & Advisory. - [Cg’s Stefanie Jedra Sollecito Recognized as “Rising Star” by American Society of Appraisers](https://www.cgteam.com/cgs-stefanie-jedra-sollecito-recognized-as-rising-star-by-american-society-of-appraisers/) - Stefanie Jedra Sollecito, CPA/ABV, ASA, CFE, director in Cg’s Litigation and Valuation Services Group, has been awarded the Business Valuation Rising Star Award by the American Society of Appraisers (ASA). - [Former Military Members: How to Handle Taxes After Retiring](https://www.cgteam.com/former-military-members-how-to-handle-taxes-after-retiring/) - There may be some changes in taxes for retired military members. Learn how to handle these changes from the Cg Team. - [How to Protect Your Information from Fraudsters](https://www.cgteam.com/how-to-protect-your-information-from-fraudsters/) - Protecting your personal and financial information is key. Learn about a tool from the IRS that can help you do so from the Cg Team. - [The September 15th Tax Deadline is Approaching](https://www.cgteam.com/the-september-15th-tax-deadline-is-approaching/) - The next quarterly estimated tax payment deadline is approaching. Learn what you need to do prior to September 15th from the Cg Team. - [Taxpayers: Create an Emergency Preparedness Plan](https://www.cgteam.com/taxpayers-create-an-emergency-preparedness-plan/) - September is National Preparedness Month. Learn how to create an emergency preparedness plan from Cg Tax, Audit & Advisory. - [How to Avoid Tax Surprises Next Year](https://www.cgteam.com/how-to-avoid-tax-surprises-next-year/) - Learn how to avoid tax bill surprises next year and to make sure you are on track with information from Cg Tax, Audit & Advisory. - [Federal Tax Information & it's Confidentiality](https://www.cgteam.com/federal-tax-information-its-confidentiality/) - Learn about who is able to view your federal tax information and how confidential that information is from Cg Tax, Audit & Advisory. - [Filing Taxes for U.S. Citizen's Working Abroad](https://www.cgteam.com/filing-taxes-for-u-s-citizens-working-abroad/) - U.S. Citizen's that are working abroad have certain rules to follow when filing taxes. Learn what they are from Cg Tax, Audit & Advisory. - [The Difference Between Refundable & Nonrefundable Tax Credits](https://www.cgteam.com/the-difference-between-refundable-nonrefundable-tax-credits/) - There is a difference between refundable and nonrefundable tax credits. Learn what this difference is from Cg Tax, Audit & Advisory. - [Business Taxpayers: Check Out the New Online Portal from the IRS](https://www.cgteam.com/business-taxpayers-check-out-the-new-online-portal-from-the-irs/) - There is a new online portal for business owners to use called Business Tax Account. Learn more from Cg Tax, Audit & Advisory. - [A New Initiative to Combat Tax-Related Fraud](https://www.cgteam.com/a-new-initiative-to-combat-tax-related-fraud/) - There is a new initiative rolling out to help combat the rise in tax-related fraud. Learn more about the initiative from the Cg Team. - [Episode 68: The Cg Business Advisor Podcast Highlights Spring Lake Hope Foundation](https://www.cgteam.com/episode-68-the-cg-business-advisor-podcast-highlights-spring-lake-hope-foundation/) - The newest episode of Cg Business Advisor features Eric Lubin, Partner at Lumurro Law & chairman of the Spring Lake Hope Foundation. Learn more about Eric's episode here. - [Episode 69: Lunch Break Provides Help for Today & Hope for Tomorrow](https://www.cgteam.com/episode-69-lunch-break-provides-help-for-today-hope-for-tomorrow/) - The newest episode of Cg Business Advisor features Gwendolyn Love and Jill Gwydir, leadership at Lunch Break, a New Jersey Based nonprofit organization. Learn more about their episode here. - [Your Daycare Expenses May Qualify for a Tax Credit](https://www.cgteam.com/your-daycare-expenses-may-qualify-for-a-tax-credit/) - Taxpayers who send thier children or dependents to daycare may qualify for a tax credit. Learn how from Cg Tax, Audit & Advisory - [Tax Return Expense Reimbursements for Educators](https://www.cgteam.com/tax-return-expense-reimbursements-for-educators/) - Teachers and educators can get reimbursed for expenses for the 2024-2025 school year on their tax return. Learn more from Cg Tax, Audit & Advisory. - [Tax Credits Available to Taxpayers Taking College Courses](https://www.cgteam.com/tax-credits-available-to-taxpayers-taking-college-courses/) - Taxpayers taking post high school coursework may be eligible for certain tax credits. Learn more about these credits from Cg Tax, Audit & Advisory. - [IRS Natural Disaster Relief for Taxpayers](https://www.cgteam.com/irs-natural-disaster-relief-for-taxpayers/) - With hurricane season here, it is a good time to become aware of tax relief for taxpayers affected by these natural disasters. Learn more from the Cg Team. - [File Your Taxes Before the October 15th Deadline](https://www.cgteam.com/file-your-taxes-before-the-october-15th-deadline/) - The October 15th deadline is quickly approaching. If you requested an extension, you need to begin filing now. Learn more from Cg Tax, Audit & Advisory. - [Donate to Local Charities for Tax Savings](https://www.cgteam.com/donate-to-local-charities-for-tax-savings/) - Donating to charity can create tax savings for you and your business, Learn more from Cg Tax, Audit & Advisory. - [Understanding IRS Communication to Prevent Identity Theft](https://www.cgteam.com/understanding-irs-communication-to-prevent-identity-theft/) - Identity thieves are known to trick taxpayers into thinking they are the IRS. Learn how to know the difference between them from Cg Tax, Audit & Advisory. - [Household Employees & 2024 Tax Planning](https://www.cgteam.com/household-employees-2024-tax-planning/) - If you have household employees, you may need to plan ahead for your 2024 tax return. Learn what to do from Cg Tax, Audit & Advisory. - [Lower Your 2024 Tax Bill with Tax Planning](https://www.cgteam.com/lower-your-2024-tax-bill-with-tax-planning/) - There is time to get money off of your 2024 tax bill by tax planning. Learn more and schedule a meeting with the Cg Team today. - [Tasks to Complete for a Successful Small Business](https://www.cgteam.com/tasks-to-complete-for-a-successful-small-business/) - Small business owners have a lot to take into account in order to have a successful business venture. Learn what tasks to complete from the Cg Team. - [IRS Ramps Up Compliance Enforcement Against Certain Businesses](https://www.cgteam.com/irs-ramps-up-compliance-enforcement-against-certain-businesses/) - The IRS has announced several tax-compliance initiatives that focus on businesses. Here’s a look at three of them. Learn more from Cg Tax, Audit & Advisory. - [The Tax Implications of Common Summer Activities](https://www.cgteam.com/the-tax-implications-of-common-summer-activities/) - Be aware of the tax implications for certain activities this summer. Learn how these activities may affect you during tax season from the Cg Team. - [IRS Warns Taxpayers About Tax Credit Scams](https://www.cgteam.com/irs-warns-taxpayers-about-tax-credit-scams/) - There is another scam that the IRS is warning taxpayers about. Learn what to look for and how to protect yourself from the Cg Team. - [2024 Tax Deductions for Medical Expenses](https://www.cgteam.com/2024-tax-deductions-for-medical-expenses/) - Taxpayers may qualify for tax deductions if they have incurred medical expenses so far this year. Learn if you qualify from Cg Tax, Audit & Advisory. - [The Paid Family and Medical Leave Credit](https://www.cgteam.com/the-paid-family-and-medical-leave-credit/) - The House of Representatives just passed a bill to extend the Paid Family and Medical Leave Credit. Learn more about the bill from the Cg Team. - [Applying for the Clean Fuel Production Tax Credit](https://www.cgteam.com/applying-for-the-clean-fuel-production-tax-credit/) - earn about the new IRS fact sheet that is going to help businesses apply for the clean fuel production tax credit from Cg Tax, Audit & Advisory. - [The Benefits of Taxpayer Cooperation With the IRS](https://www.cgteam.com/the-benefits-of-taxpayer-cooperation-with-the-irs/) - Taxpayers should not ignore the IRS, and cooperate when they reach out. Learn the do's and don'ts from Cg Tax, Audit & Advisory. - [Reminder: Tax Filing Deadline on July 15th](https://www.cgteam.com/reminder-tax-filing-deadline-on-july-15th/) - Just a reminder that July 15th is another tax filing deadline. Contact the Cg Team with with questions. - [Cg Named One of New Jersey’s 2024 Best Places to Work](https://www.cgteam.com/cg-tax-audit-advisory-named-one-of-new-jerseys-2024-best-places-to-work/) - Cg Tax, Audit & Advisory announces its recognition as one of the Best Places to Work in New Jersey by NJBIZ. - [Tax Deductible Business Travel Expenses](https://www.cgteam.com/tax-deductible-business-travel-expenses/) - Certain business travel expenses are not tax deductible. Learn what is and what isn't deductible from the Cg Team. - [Recapturing Inaccurate IRS Pandemic Refunds](https://www.cgteam.com/recapturing-inaccurate-irs-pandemic-refunds/) - The IRS is recapturing improperly allocated refunds to businesses during the pandemic. Learn how they plan on doing this from Cg Tax, Audit & Advisory. - [Recent College Grads: Beware of Job Scams](https://www.cgteam.com/recent-college-grads-beware-of-job-scams/) - Recent college grads are more prone to falling for job scams than anyone else. Learn what to look for from the Cg Team. - [IRS Audits for High-Income Taxpayers](https://www.cgteam.com/irs-audits-for-high-income-taxpayers/) - The IRS is now conducting audits for high-income taxpayers. Learn more about these audits from Cg Tax, Audit & Advisory. - [The Danger of Tax Advice on Social Media Sites](https://www.cgteam.com/the-danger-of-tax-advice-on-social-media-sites/) - Getting tax information form social media may not be the best choice. Learn the best way to get tax information from Cg Tax, Audit & Advisory. - [Are Forgiven Student Loans Taxable?](https://www.cgteam.com/are-forgiven-student-loans-taxable/) - Student loans that are forgiven may constitute as taxable income. Learn about certain exceptions to this rule from Cg Tax, Audit & Advisory. - [Employers: About the Work Opportunity Tax Credit](https://www.cgteam.com/employers-about-the-work-opportunity-tax-credit/) - The Work Opportunity Tax Credit is something employers can benefit from if looking to hire new workers. Learn how it can benefit your business from the Cg Team. - [What to Do If You Receive a CP14 Notice](https://www.cgteam.com/what-to-do-if-you-receive-a-cp14-notice/) - Some taxpayers have erroneously received CP14 notices. Learn what to do if you received one from the Cg Tax, Audit & Advisory. - [Taxpayers: Consider Mediation for Tax Disputes](https://www.cgteam.com/taxpayers-consider-mediation-for-tax-disputes/) - Tax disputes can be a hassle. Consider a mediation to resolve the dispute quickly. Learn how to get started from Cg Tax, Audit & Advisory. - [SECURE 2.0: Which Provisions Went Into Effect in 2024?](https://www.cgteam.com/secure-2-0-which-provisions-went-into-effect-in-2024/) - Now is the time to get up to speed on 2024 SECURE 2.0 changes. Here are several to consider from Cg Tax, Audit & Advisory - [About Employer Based Educational Assistance Programs](https://www.cgteam.com/about-employer-based-educational-assistance-programs/) - There are educational assistance programs that employers can offer their employees. Learn more about them from Cg Tax, Audit & Advisory. - [How Side Income Taxed According to the IRS](https://www.cgteam.com/how-side-income-taxed-according-to-the-irs/) - Many people have side jobs that earn them money. This income is still taxable according the the IRS depending on the business. Learn more from the Cg Team. - [The New Federal Trade Commission Rule for Fraud Protection](https://www.cgteam.com/the-new-federal-trade-commission-rule-for-fraud-protection/) - The Federal Trade Commission has put a new rule into place in order to protect taxpayers from fraud. Learn more from the Cg Team. - [Rolling Over Your 401(k) Plan Into an IRA](https://www.cgteam.com/rolling-over-your-401k-plan-into-an-ira/) - If you plan on rolling over your 401(k) funds into an IRA, learn about the the tax implications from Cg Tax, Audit & Advisory. - [Impersonation Scams Targeting Older Taxpayers](https://www.cgteam.com/impersonation-scams-targeting-older-taxpayers/) - The IRS is warning older taxpayers about rising impersonation scams. Learn how to protect yourself from Cg Tax, Audit & Advisory. - [Second Quarterly Estimated Tax Payment on June 17th](https://www.cgteam.com/second-quarterly-estimated-tax-payment-on-july-17th/) - June 17th is the date to make your next quarterly estimated tax payment. Learn more from the Cg Tax Audit & Advisory team. - [What If You Can't Pay Your Tax Bill in Full?](https://www.cgteam.com/what-if-you-cant-pay-your-tax-bill-in-full/) - Taxpayers: If you are unable to pay your tax bill, there are payment plans offered by the IRS. Learn more about the option from Cg Tax, Audit & Advisory. - [Tax Return Audits by the National Research Program](https://www.cgteam.com/tax-return-audits-by-the-national-research-program/) - The National Research Program randomly conducts audit on tax returns. Learn how these IRS audits work from the team at Cg Tax, Audit & Advisory. - [Filing for Bankruptcy & Discharging Federal Tax Debt](https://www.cgteam.com/filing-for-bankruptcy-discharging-federal-tax-debt/) - When taxpayers file for bankruptcy, they may be able to discharge some federal tax debt under certain conditions. Learn more from the Cg Team. - [Respond to the IRS Using Their Document Upload Tool](https://www.cgteam.com/respond-to-the-irs-using-their-document-upload-tool/) - The IRS's Document Upload Tool (DUT) has been a success since it's launch. Learn how how to use this tool from Cg Tax, Audit & Advisory. - [Deborah Sundermann, CPA Named New Managing Director of Cg](https://www.cgteam.com/deb-sundermann-cg-managingdirector/) - Tinton Falls, NJ, January 3, 2024 – Cg Tax, Audit & Advisory (“Cg”), a leading accounting and profitability consulting firm, is thrilled to announce the appointment of Deborah Sundermann, CPA as its new managing director effective January 1, 2024. As an accomplished and visionary leader, Deb brings a wealth of accounting and tax experience to Cg Tax, Audit & Advisory is thrilled to announce the appointment of Deborah Sundermann, CPA as its new managing director effective January 1, 2024. - [Validating Net Operating Loss Deductions](https://www.cgteam.com/validating-net-operating-loss-deductions/) - Business taxpayers: You can deduct a net operating loss (NOL) from income when filing a tax return, but you must show that the NOL is valid. Learn how from the Cg Team. - [Tax Breaks Available to Homeowners](https://www.cgteam.com/tax-breaks-available-to-homeowners/) - Homeownership can be hard for many people. Learn about tax breaks that are available to homeowners from Cg Tax, Audit & Advisory - [Tax Planning Steps to Help You Next Tax Season](https://www.cgteam.com/tax-planning-steps-to-help-you-next-tax-season/) - With tax season behind you, planning for next year should still be a priority. Learn what steps to take from Cg Tax, Audit & Advisory. - [Final Regulations for Clean Vehicle Tax Credits](https://www.cgteam.com/final-regulations-for-clean-vehicle-tax-credits/) - Tax credits for new and used clean vehicles have been finalized. Learn more about these tax credits and if you are eligible from the Cg Team. - [Tax Credit for Child and Dependent Care Expenses](https://www.cgteam.com/tax-credit-for-child-and-dependent-care-expenses/) - This summer, some of your child care expenses may be covered by child and dependent care credits. Learn more from Cg Tax, Audit & Advisory. - [Upcoming Estimated Tax Payments for 2024](https://www.cgteam.com/upcoming-estimated-tax-payments-for-2024/) - Taxpayers making payments on their 2024 taxes should know about upcoming estimated payment deadlines. Learn more from the Cg Team. - [The American Opportunity Tax Credit for Education](https://www.cgteam.com/the-american-opportunity-tax-credit-for-education/) - There are education tax breaks for parents and students. Learn if you are eligible for the American Opportunity Tax Credit from the Cg Team. - [How to Keep Your Organization's Tax-Exempt Status](https://www.cgteam.com/how-to-keep-your-organizations-tax-exempt-status-2/) - There are certain stipulations in order for tax exempt organizations to keep that status. Learn more from Cg Tax, Audit & Advisory. - [Are College Scholarships Taxable Income?](https://www.cgteam.com/are-college-scholarships-taxable-income/) - Certain college scholarships and grants are tax free only if certain conditions are met. Learn more about these conditions from the Cg Team. - [Taxpayers Abroad: Your 2023 Tax Requirements](https://www.cgteam.com/taxpayers-abroad-your-2023-tax-requirements/) - Taxpayers living abroad still have tax obligation for 2023. Learn more about these requirements from Cg Tax, Audit & Advisory. - [The Cost of Business Fraud & How to Prevent It](https://www.cgteam.com/the-cost-of-business-fraud-how-to-prevent-it/) - The cost of business fraud is on the rise. Learn how to avoid becoming a victim of business fraud from Cg Tax, Audit & Advisory. - [Increases to Tax Credit Claims This Tax Season](https://www.cgteam.com/increases-to-tax-credit-claims-this-tax-season/) - This tax season, scammers may have convinced many taxpayers to claim certain tax credits they are aren't qualified for. Learn more from Cg Tax, Audit & Advisory. - [Important 2024 Tax Preparations for Newlyweds](https://www.cgteam.com/important-2024-tax-preparations-for-newlyweds/) - The IRS is reminding taxpayers who get married in 2024 that they will need to follow some important steps regarding their taxes. Learn more from the Cg Team. - [Tax Break for Energy -Efficient Home Improvements](https://www.cgteam.com/tax-break-for-energy-efficient-home-improvements/) - The summer means home improvements for many people. Learn more about the tax breaks for energy efficient home improvements from the Cg Team. - [The Health Savings Accounts Adjustments for 2025](https://www.cgteam.com/the-health-savings-accounts-adjustments-for-2025/) - The IRS's annual adjustments for 2025 Health Savings Accounts are out now. Learn what these adjustments are from Cg Tax, Audit & Advisory. - [May 17th Deadline for Filing 2020 Tax Returns](https://www.cgteam.com/may-17th-deadline-for-filing-2020-tax-returns/) - Taxpayers looking to file their 2020 tax returns in order to get a refund. These individuals must file by May 17th. Learn more information from the Cg Team. - [Cg Announces New Director in Litigation & Valuation Services Group](https://www.cgteam.com/cg-tax-audit-advisory-announces-new-director-in-litigation-valuation-services-group/) - Cg Tax, Audit & Advisory, Tinton Falls, NJ, May 9, 2024 – Cg Tax, Audit & Advisory (“Cg”), a leading accounting and profitability consulting firm, is pleased to announce the addition of Stefanie Jedra Sollecito, CPA/ABV, ASA, CFE as a director in Cg’s Litigation and Valuation Services Group. An accomplished professional, Stefanie brings a wealth Cg Tax, Audit & Advisory is thrilled to announce that the firm’s managing director, Deborah Sundermann, CPA, has been named one of Forbes’ 2024 Top 200 CPAs in America. - [Cg’s Deborah Sundermann, CPA Recognized as a Forbes Top 200 CPA in America](https://www.cgteam.com/cgs-deborah-sundermann-cpa-recognized-as-a-forbes-top-200-cpa-in-america/) - Cg Tax, Audit & Advisory, Tinton Falls, NJ, May 8, 2024 – Cg Tax, Audit & Advisory (“Cg”), a leading accounting and profitability consulting firm, is thrilled to announce that the firm’s managing director, Deborah Sundermann, CPA, has been named one of Forbes’ 2024 Top 200 CPAs in America. Forbes curated this prestigious list by Cg Tax, Audit & Advisory is thrilled to announce that the firm’s managing director, Deborah Sundermann, CPA, has been named one of Forbes’ 2024 Top 200 CPAs in America. - [Taxpayers: Always be Prepared Incase of A Natural Disaster](https://www.cgteam.com/taxpayers-always-be-prepared-incase-of-a-natural-disaster/) - Being prepared is essential as we are approaching peak periods for natural disasters. Learn how from the Cg Team. - [The IRS Small Business and Self-Employed Tax Center](https://www.cgteam.com/the-irs-small-business-and-self-employed-tax-center/) - The IRS has launched a Small Business and Self-Employed Tax Center. Learn about this website from Cg Tax, Audit & Advisory. - [May 15th Deadline for Tax-Exempt Entities](https://www.cgteam.com/may-15th-deadline-for-tax-exempt-entities/) - Tax-exempt entities must file their 2023 tax returns by May 15th. Learn more from the Cg Team. - [Claiming a Tax Exclusion on Your Home Sale](https://www.cgteam.com/claiming-a-tax-exclusion-on-your-home-sale/) - If you are selling your home this summer, at tax filing time you may be able to exclude some or all of the gain. Learn more from the Cg Team. - [Details About the IRS's "Where’s My Refund" Tool](https://www.cgteam.com/details-about-the-irss-wheres-my-refund-tool/) - Learn more about how the IRS's "Where's My Refund Tool" works from Cg Tax, Audit & Advisory. - [Taxpayers: Don't Ignore Communication from the IRS](https://www.cgteam.com/taxpayers-dont-ignore-communication-from-the-irs/) - No need to worry if the IRS contacts you regarding your return. Don't ignore it either. Learn what to do from Cg Tax, Audit & Advisory. - [How a Data Security Breach Could Affect Your Business](https://www.cgteam.com/how-a-data-security-breach-could-affect-your-business/) - If your business becomes a victim of a security breach, there could be certain consequences for multiple parties. Learn more from the Cg Team. - [Ensure Your 2024 Tax Withholding Amount is Correct](https://www.cgteam.com/ensure-your-2024-tax-withholding-amount-is-correct/) - If you ended up with a tax bill in 2023 and want to avoid that in 2024, contact your employer to have more withheld this year. Learn how from the Cg Team. - [When You Need to File an Amended Tax Return](https://www.cgteam.com/when-you-need-to-file-an-amended-tax-return/) - If your tax return is missing information and requires an amendment, learn everything you will need to know from Cg Tax, Audit & Advisory. - [IRS Issues Guidance on Tax Treatment of Energy Efficiency Rebates](https://www.cgteam.com/irs-issues-guidance-on-tax-treatment-of-energy-efficiency-rebates/) - The IRS has offered guidance regarding the tax treatment of energy efficiency rebates introduced by the Inflation Reduction Act. Read more from Cg. - [Reporting Digital Asset Related Income](https://www.cgteam.com/reporting-digital-asset-related-income/) - Taxpayers must report digital asset related income on their tax return. Learn how to do so from Cg Tax, Audit & Advisory. - [Excise Tax on Corporate Stock Repurchases](https://www.cgteam.com/excise-tax-on-corporate-stock-repurchases/) - There is an excise tax for excise tax on corporate stock repurchases. Learn more information about this tax from Cg Tax, Audit & Advisory. - [Taxpayers: Beware of Social Media Tax Scammers](https://www.cgteam.com/taxpayers-beware-of-social-media-tax-scammers/) - Tax scammers are now using social media as a tool to lure taxpayers into filing fraudulent returns. Learn more about these scams from Cg Tax, Audit & Advisory. - [The First 2024 Estimated Tax Payment](https://www.cgteam.com/the-first-2024-estimated-tax-payment/) - April 15th is not only tax day, but also the first day for 2024 estimated tax payments. Learn more about the 2024 estimated payments from the Cg Team. - [Tax Credit for Dependents Who Don't Meet The CTC Criteria](https://www.cgteam.com/tax-credit-for-dependents-who-dont-meet-the-ctc-criteria/) - There is a different tax credit for dependents who don't meet the criteria for the child tax credit. Learn more from the Cg Team. - [Deducting Legitimate Operating Costs on Your Tax Return](https://www.cgteam.com/deducting-legitimate-operating-costs-on-your-tax-return/) - Businesses: you may deduct certain necessary operating costs on your tax return as long as they are legitimate. Learn more about this from the Cg Team. - [Taxpayers: Beware of Charity Donation Scams](https://www.cgteam.com/taxpayers-beware-of-charity-donation-scams/) - Scammers are now claiming to be be charitable organizations in search of donations. Learn how to avoid them from Cg Tax, Audit & Advisory. - [2023 Tax Benefits for New Parents](https://www.cgteam.com/2023-tax-benefits-for-new-parents/) - New parents in 2023 gain special tax breaks and benefits on their return. Learn what these tax breaks are from Cg Tax, Audit & Advisory. - [How to Set Up an IRS Online Account](https://www.cgteam.com/how-to-set-up-an-irs-online-account/) - An IRS Online Account is where taxpayers can access tax records, manage payments & more. Learn how to create your account from the Cg Team. - [The Fuel Tax Credit is Now Available for Certain Taxpayers](https://www.cgteam.com/the-fuel-tax-credit-is-now-available-for-certain-taxpayers/) - Only certain taxpayers are able to to use the Fuel Tax Credit that is now available. Learn if you and your business are able to this credit from the Cg Team. - [The IRA Increases the Low-Income Community Bonus Credit](https://www.cgteam.com/the-ira-increases-the-low-income-community-bonus-credit/) - The Inflation Reduction Act increase the bonus credit for solar & wind facilities in low income communities. Learn more from the Cg Team. - [The Annual IRS "Dirty Dozen" List of Scams](https://www.cgteam.com/the-annual-irs-dirty-dozen-list-of-scams/) - The annual “Dirty Dozen” list of scams has been released by the IRS. Learn more about these scams and how they can affect you and your business from the Cg Team. - [Third-Party Authorization for Handling Your Tax Matters](https://www.cgteam.com/third-party-authorization-for-handling-your-tax-matters/) - You may grant a third party formal permission to handle tax matters on your behalf. Learn more from Cg Tax, Audit & Advisory. - [Expanding Tax Information for Multiple Languages](https://www.cgteam.com/expanding-tax-information-for-multiple-languages/) - The IRS is expanding their tax information that is available in multiple languages. For more information, learn from the Cg Team. - [The Deadline to File a 2020 Federal Income Tax Return](https://www.cgteam.com/the-deadline-to-file-a-2020-federal-income-tax-return/) - The deadline to file your 2020 federal tax return is quickly approaching. Learn more information from Cg Tax, Audit & Advisory - [Episode 66: International Women’s Day](https://www.cgteam.com/episode-66-international-womens-day/) - The newest episode of Cg Business Advisor features Gene Holtzman, founder and president of Mitchell Martin Inc., a Talent Acquisition Solutions leader that uses innovation to support the growth of both people and businesses. Learn more about Gene's episode here. - [Renters Tax Credits Proposed by the American Bar Association](https://www.cgteam.com/renters-tax-credits-proposed-by-the-american-bar-association/) - The American Bar Association has proposed a new tax credit geared towards renters. Learn more about this proposed credit from the Cg Team - [How to Request an Automatic Filing Extension](https://www.cgteam.com/how-to-request-an-automatic-filing-extension/) - If you are unable to file by April 15th, avoid penalties by requesting an extension for October 15th. Learn how from Cg Tax, Audit & Advisory. - [Businesses: How to Electronically File Form 8300](https://www.cgteam.com/businesses-how-to-electronically-file-form-8300/) - Businesses: Learn if you need to file Form 8300 electronically, and how to do from Cg Tax, Audit & Advisory. - [Cg Recognized as 2023 Top Regional Leader by Accounting Today](https://www.cgteam.com/cg-recognized-as-2023-top-regional-leader-by-accounting-today-2/) - For the fourth consecutive year, Cg Tax, Audit & Advisory has been named one of Accounting Today’s ‘Top Regional Leaders’ for 2023 in the Mid-Atlantic Region. - [Apply for an Offer in Compromise to Settle Your Tax Debt](https://www.cgteam.com/apply-for-an-offer-in-compromise-to-settle-your-tax-debt/) - If you are unable to pay your tax debt, consider applying for am Offer in Compromise with the IRS. Learn more about the OIC process from the Cg Team. - [Tax Highlights in President Biden's Proposed Budget](https://www.cgteam.com/proposed-budget-tax-highlights/) - President Biden has releasedt his proposals for tax law changes in the fiscal year 2025 budget. Read on from Cg Tax, Audit & Advisory. - [Receiving Your Tax Refund as a U.S. Savings Bond](https://www.cgteam.com/receiving-your-tax-refund-as-a-u-s-savings-bond/) - Consider receiving this years tax refund as a U.S. savings bond. Learn more about this investment opportunity from Cg Tax, Audit & Advisory. - [Businesses, Be Prepared to Champion the Advantages of an HSA](https://www.cgteam.com/businesses-be-prepared-to-champion-the-advantages-of-an-hsa/) - Here are some key points to make with employees about managing benefits costs coupled with a Health Savings Account. Learn more from Cg Tax, Audit & Advisory. - [How to Properly Use a Health Savings Account](https://www.cgteam.com/how-to-properly-use-a-health-savings-account/) - Health savings or flexible spending accounts are provided by employers for medical related expenses. Learn more about them from the Cg Team. - [Should You Include Disability Income on Your Tax Return?](https://www.cgteam.com/should-you-include-disability-income-on-your-tax-return/) - Yes, disability income is taxable according to the U.S. Tax Court. Learn more about this ruling from Cg Tax, Audit & Advisory. - [Filing the Report of Foreign Bank and Financial Accounts](https://www.cgteam.com/filing-the-report-of-foreign-bank-and-financial-accounts/) - If your assets include foreign bank and financial accounts, you may need to file an FBAR by April 15. Learn if this applies to you from the Cg Team. - [SEC Finalizes New Climate Disclose Rules for Public Companies](https://www.cgteam.com/sec-finalizes-new-climate-disclose-rules-for-public-companies/) - The SEC has voted to finalize its climate disclosure rules for public companies. Learn how this may affect your business from the Cg Team. - [Updates on the Tax Relief for American Families and Workers Act](https://www.cgteam.com/updates-on-the-tax-relief-for-american-families-and-workers-act/) - Learn more about the Tax Relief for American Families and Workers Act from Cg Tax, Audit & Advisory. - [Relief Available for Healthcare Organizations Financially Impacted by the Change Healthcare Disruption](https://www.cgteam.com/hhs-cms-chopd/) - The U.S. Department of Health and Human Services (HHS) and Centers for Medicare & Medicaid Services (CMS) recently announced the Change Healthcare/Optum Payment Disruption (CHOPD) program. - [What to Do If You Can't Pay Your Tax Bill](https://www.cgteam.com/what-to-do-if-you-cant-pay-your-tax-bill/) - Many taxpayers are unable to pay their tax bill by April 15th. Learn what to do if you're not able to pay from the Cg Team. - [How to Claim the Recovery Rebate Tax Credit](https://www.cgteam.com/how-to-claim-the-recovery-rebate-tax-credit/) - If you missed the Economic Impact Payments, the Recovery Rebate Credit is for you. Learn how to claim this credit from Cg Tax, Audit & Advisory. - [How to Choose the Correct Filing Status on Your Return](https://www.cgteam.com/how-to-choose-the-correct-filing-status-on-your-return/) - Many taxpayers are unsure how to choose the correct filing status for their tax return. Learn best practices and frequently asked questions from the Cg Team. - [Transaction Thresholds for Third-Party Settlement Services](https://www.cgteam.com/transaction-thresholds-for-third-party-settlement-services/) - Third-Party Settlement Services have certain transaction thresholds. Learn more about these service thresholds from the Cg Team. - [Taxpayers: Get Your Return Professionally Prepared](https://www.cgteam.com/taxpayers-get-your-return-professionally-prepared/) - Taxpayers should get their return professionally prepared to avoid filing mistakes. Learn how from Cg Tax, Audit & Advisory. - [How to Check When You May Receive Your Tax Refund](https://www.cgteam.com/how-to-check-when-you-may-receive-your-tax-refund/) - Are you wondering when you might receive your federal tax refund? Learn how and where to check from Cg Tax, Audit & Advisory. - [How Social Media is Used as Tax Dispute Evidence](https://www.cgteam.com/how-social-media-is-used-as-tax-dispute-evidence/) - Social media posts can be used as evidence in a tax dispute. Learn how from Cg Tax, Audit & Advisory. - [Reconsider Direct Deposit for Your Tax Refund](https://www.cgteam.com/reconsider-direct-deposit-for-your-tax-refund/) - There has been surge in check fraud schemes, so taxpayers should reconsider direct deposit for their refund. Learn more from the Cg Team. - [More About the March 1st Tax Deadline](https://www.cgteam.com/about-the-march-1st-tax-deadline-for-farmers-fishers/) - March 1st is an important tax deadline for certain farmers and fishers. Learn more about this deadline from Cg Tax, Audit & Advisory. - [Be Sure to Have a Correct Individual Taxpayer Identification Number](https://www.cgteam.com/be-sure-to-have-a-correct-individual-taxpayer-identification-number/) - Taxpayers: Make sure that your Individual Taxpayer Identification Number is correct before you file your taxes. Learn more from the Cg Team. - [Long-Term Solvency of the Social Security Trust Fund](https://www.cgteam.com/long-term-solvency-of-the-social-security-trust-fund/) - Both taxpayers and Congress have recognized the need to create a solution for the depleting social security trust fund. Learn more from the Cg Team. - [What to Do If You Receive an Incorrect W-2](https://www.cgteam.com/what-to-do-if-you-receive-an-incorrect-w-2/) - Your employer may provide you with an incorrect Form W-2. Learn what to do if you do receive one from Cg Tax, Audit & Advisory. - [Episode 65: Gene Holtzman & The Future of Talent Acquisition](https://www.cgteam.com/episode-65-gene-holtzman-the-future-of-talent-acquisition/) - The newest episode of Cg Business Advisor features Gene Holtzman, founder and president of Mitchell Martin Inc., a Talent Acquisition Solutions leader that uses innovation to support the growth of both people and businesses. Learn more about Gene's episode here. - [SALT Deduction Increase is Rejected by the House of Representatives](https://www.cgteam.com/salt-deduction-increase-is-rejected-by-the-house-of-representatives/) - The House of Representatives rejected the bill that would have increased SALT deductions. Learn more about this update from the Cg Team. - [What to Do When You Receive a Tax Refund You’re Not Entitled To](https://www.cgteam.com/what-to-do-when-you-receive-a-tax-refund-youre-not-entitled-to/) - Mistakes happen and you may receive a refund from the IRS that you are not entitled to. Learn what to do when this happens from the Cg Team. - [Tax Rules & Obligations for Independent Contractors](https://www.cgteam.com/tax-rules-obligations-for-independent-contractors/) - People who participate in the gig economy may have different tax rules and obligation. Learn what they are from Cg Tax, Audit & Advisory. - [Report Gambling Winnings on Your Tax Return](https://www.cgteam.com/report-gambling-winnings-on-your-tax-return/) - Any gambling winnings that you earned in 2023 need to be reported on your tax return. Learn what you need to do from Cg Tax, Audit & Advisory. - [How to Claim the Earned Income Tax Credit?](https://www.cgteam.com/how-to-claim-the-earned-income-tax-credit/) - The Earned Income Tax Credit is available to low-moderate taxpayers. Learn if you are eligible and how to claim this credit from Cg Tax, Audit & Advisory - [Pre-Examination Retirement Plan Compliance Program Phase Two](https://www.cgteam.com/pre-examination-retirement-plan-compliance-program-phase-two/) - Phase two of the Pre-Examination Retirement Plan Compliance has begun. Learn about the second phase of this program from Cg Tax, Audit & Advisory - [Updates to the Health Insurance Premium Tax Credit](https://www.cgteam.com/updates-to-the-health-insurance-premium-tax-credit/) - The IRS has released some updates regarding the health insurance premium tax credit. Learn more about these updates from Cg Tax, Audit & Advisory. - [About the Employer-Provided Childcare Tax Credit](https://www.cgteam.com/about-the-employer-provided-childcare-tax-credit/) - The employer-provided childcare tax credit can be claimed with certain requirements. Learn about the qualifications for claiming the credit from the Cg Team. - [How to Boost Itemized Deductions in 2024](https://www.cgteam.com/how-to-boost-itemized-deductions-in-2024/) - Some itemized deductions can be boosted for 2024. Learn what can be deducted from Cg Tax, Audit & Advisory. - [New IRS Notice to Help Employers Guard Against PLESA Misuse](https://www.cgteam.com/new-irs-notice-to-help-employers-guard-against-plesa-misuse/) - The IRS has released a notice to help employers prevent the misuse of the pension-linked emergency savings accounts (PLESAs). Learn how from the Cg Team. - [When to Submit Forms 1099-K to the IRS](https://www.cgteam.com/when-to-submit-forms-1099-k-to-the-irs/) - There are only certain instances where businesses need to submit Forms 1009-K to the IRS. Learn what those instances are from the Cg Team. - [Notify the IRS if You or Your Business Moved in 2023](https://www.cgteam.com/notify-the-irs-if-you-or-your-business-moved-in-2023/) - If you or your businesses have moved at all in 2023, you need to notify the IRS. Learn how to do so from Cg Tax, Audit & Advisory. - [Are There Free Tools That Make Filing Your Taxes Easier?](https://www.cgteam.com/free-tools-that-make-filing-your-taxes-easier/) - Taxpayers: There are free tools you can use to make filing your taxes easier. Learn what these tools are and where to find them from Cg Tax, Audit & Advisory. - [What is the Difference Between Deductions and Credits?](https://www.cgteam.com/understanding-the-difference-between-deductions-and-credits/) - A common misunderstandings about filing tax returns is the difference between tax deductions and tax credits. Learn what the difference is from the Cg Team. - [How Does the Taxpayer Bill of Rights Protect Taxpayers?](https://www.cgteam.com/how-the-taxpayer-bill-of-rights-protects-taxpayers/) - Many taxpayers are unaware that they are protected by a Taxpayer Bill of Rights. Learn about them from Cg Tax, Audit & Advisory - [How to Avoid Common Mistakes During Tax Time?](https://www.cgteam.com/how-to-avoid-common-mistakes-during-tax-time/) - There are a few common mistakes many taxpayers make during tax time. Learn what they are and how to avoid them from the Cg Team. - [2024 Tax Calendar](https://www.cgteam.com/2024-tax-calendar/) - Reference this tax calendar to learn the 2024 deadlines for various tax-related forms and payments. Contact Cg Tax, Audit & Advisory with questions. - [Businesses: Use Form 8300 for Cash Transactions Over $10,000](https://www.cgteam.com/businesses-use-form-8300-for-cash-transactions-over-10000/) - Businesses need to use IRS Form 8300 to report cash transactions of $10,000 or more within 15 days of a transaction. Learn how to report the from the Cg Team. - [Proposed IRS Tax Bill: SALT Marriage Penalty Elimination Act](https://www.cgteam.com/proposed-irs-tax-bill-salt-marriage-penalty-elimination-act/) - Another tax-related bill, the SALT Marriage Penalty Elimination Act, may be passed by the House of Representatives. Learn about this bill from the Cg Team. - [Taxpayers: Report All Types of Income to Your Tax Preparer](https://www.cgteam.com/taxpayers-report-all-types-of-income-to-your-tax-preparer/) - Don't overlook smaller amounts of income. They still need to be reported to tax preparers during tax time. Learn what types of income qualify from the Cg Team. - [The SECURE Act and Changes to 401(k) Eligibility](https://www.cgteam.com/the-secure-act-and-changes-to-401k-eligibility/) - Notable changes were made to 401(k) eligibility in the SECURE Act. Learn what these changes are and what they mean for you from the Cg Team. - [Mortgage Interest & Property Tax Deductions](https://www.cgteam.com/mortgage-interest-property-tax-deductions/) - Taxpayers purchasing a house with someone they aren't married to may be entitled to mortgage interest and property tax deductions. Learn more from the Cg Team. - [Tax Exempt Organizations: How to File Certain Forms in 2024](https://www.cgteam.com/tax-exempt-organizations-how-to-file-certain-forms-in-2024/) - If you are a tax exempt organization and file between January and mid-March, learn how you should be filing from Cg Tax, Audit & Advisory. - [The IRS Launches the Simple Notice Initiative](https://www.cgteam.com/the-irs-launches-the-simple-notice-initiative/) - To make IRS letters easier to read, they have launched a Simple Notice Initiative. Learn more about this initiative from the Cg Team. - [Tax-Exempt Organizations: How to Guard Your Tax-Exempt Status](https://www.cgteam.com/tax-exempt-organizations-how-to-guard-your-tax-exempt-status/) - Tax-exempt organizations need to protect their their tax-exempt status. Learn what not to do if you want to keep your status from the Cg Team. - [Changes Due to the Tax Relief for American Families and Workers Act](https://www.cgteam.com/changes-due-to-the-tax-relief-for-american-families-and-workers-act/) - The Tax Relief for American Families and Workers Act has changed the current tax treatment of research and development (R&D) expenditures. Learn more from the Cg Team. - [New Tax Credit Delivery Systems Created from the IRA](https://www.cgteam.com/new-tax-credit-delivery-systems-created-from-the-ira/) - The Inflation Reduction Act has created two now tax credit delivery systems. Learn what they are an how they work from the Cg Team. - [Revisions to Digital Asset Reporting Regulations](https://www.cgteam.com/revisions-to-digital-asset-reporting-regulations/) - The IRS has updated the regulations for digital asset reporting. Learn what these revisions are from Cg Tax, Audit & Advisory. - [The IRS Unveils ERTC Relief Program for Employers](https://www.cgteam.com/the-irs-unveils-ertc-relief-program-for-employers/) - The IRS’s new Voluntary Disclosure Program may provide employers relief from penalties related to ineligible Employee Retention Tax Credit claims. Learn more from Cg Tax, Audit & Advisory. - [New Tax Relief Bill & Tax-Related Changes](https://www.cgteam.com/new-tax-relief-bill-tax-related-changes/) - The senate has announced a new tax relief bill, which mean new tax related changes are coming soon. Learn what they are from Cg Tax, Audit & Advisory. - [How to Prove Your Business Expenses are Deductible](https://www.cgteam.com/how-to-prove-your-business-expenses-are-deductible/) - Business expenses can be listed as a deduction, as long as they can be proved. Learn the do's and don'ts from Cg Tax, Audit & Advisory. - [Business Owners: You Can now Offer PLESAs to Your Employees](https://www.cgteam.com/business-owners-you-can-now-offer-plesas-to-your-employees/) - Business owners can now offer employees pension-linked emergency savings accounts (PLESAs). Learn how these accounts work from Cg Tax, Audit & Advisory - [Voluntary Disclosure Program Launched by the IRS](https://www.cgteam.com/voluntary-disclosure-program-launched-by-the-irs/) - In order to combat questionable Employee Retention Credit (ERC) claims, the IRS has launched a voluntary disclosure program. Learn more from the Cg Team. - [Estimated Taxes for 2023 Are Due on January 16th](https://www.cgteam.com/estimated-taxes-for-2023-are-due-on-january-16th/) - Estimated tax payments are due on January 16th, 2024. For helping making your final payment, contact our team at Cg Tax, Audit & Advisory. - [The 2024 Tax Season Start Date has Been Announced by the IRS](https://www.cgteam.com/the-2024-tax-season-start-date-has-been-announced-by-the-irs/) - The IRS has announced the start date for the 2024 tax season. Learn what the start date is and where to get help with your return from the Cg Team. - [Business Owners: New IRS Rule for Information Returns](https://www.cgteam.com/business-owners-new-irs-rule-for-information-returns/) - The IRS is reminding business owners who file information returns of a new rule change. Learn how it affects your business from Cg Tax, Audit & Advisory - [Improvements to Sole Proprietor Tax Compliance](https://www.cgteam.com/improvements-to-sole-proprietor-tax-compliance/) - The Government Accountability Office's new report offers 17 different ways to improve sole proprietor tax compliance. Learn what they are from the Cg Team. - [How to Tell if Your Business's Identity has Been Stolen](https://www.cgteam.com/how-to-tell-if-your-businesss-identity-has-been-stolen/) - Businesses are prime targets for identity theft. Learn how to tell if your business's identity has been stolen from Cg Tax, Audit & Advisory. - [Newlyweds: How to Avoid Mistakes this Tax Season](https://www.cgteam.com/newlyweds-how-to-avoid-mistakes-this-tax-season/) - The IRS has issued a new checklist for newlyweds to avoid mistakes during tax time. Learn what those mistakes are and how to avoid them from the Cg Team. - [Penalty Relief for Taxpayers Announced by the IRS](https://www.cgteam.com/penalty-relief-for-taxpayers-announced-by-the-irs/) - The IRS has announced taxpayers who didn't receive payment reminders during the pandemic will now receive penalty relief . Learn more from Cg Tax, Audit & Advisory. - [Business Owners: When to Delay or Accelerate Taxable Income](https://www.cgteam.com/business-owners-when-to-delay-or-accelerate-taxable-income/) - Business owners: delaying taxable income for the next year to increase deductions in the current year may not always be the best choice. Learn how from the Cg Team. - [How Can Accounting Firms Assist Startups and Small Businesses?](https://www.cgteam.com/how-can-accounting-firms-assist-startups-and-small-businesses/) - If your company is considering outsourcing accounting services, understanding the diverse roles that accounting firms can play becomes paramount. - [2024 E-Filing Requirements for Businesses](https://www.cgteam.com/2024-e-filing-requirements-for-businesses/) - As a result of finalized rules from the Department of the Treasury and the IRS, certain taxpayers may need to file their tax returns electronically beginning January 2024. Learn more from Cg. - [Fourth Quarter Estimated Tax Payments Due January 16th](https://www.cgteam.com/fourth-quarter-estimated-tax-payments-due-january-16th/) - Avoid penalties by making a 4th quarter estimated tax payment by Jan. 16, 2024. Learn how to avoid those penalties and make that payment from the Cg Team. - [Business Owners: The Penalties for Unpaid Taxes to the IRS](https://www.cgteam.com/business-owners-the-penalties-for-unpaid-taxes-to-the-irs/) - Withholding taxes from employees wages and not paying those taxes to the IRS can have serious penalties. Learn what they are from the Cg Team. - [Fraud Penalties for Underpaying on Taxes Owed](https://www.cgteam.com/fraud-penalties-for-underpaying-on-taxes-owed/) - If you purposely underpay on the taxes you owe, there will be fraud penalties you must face. Learn how to avoid these penalties from the Cg Team. - [Optional Cents-Per-Mile Rates Released by the IRS for 2024](https://www.cgteam.com/optional-cents-per-mile-rates-released-by-the-irs-for-2024/) - The IRS has released the new optional cents-per-mile rates for 2024. Learn what these rates are and how they may affect your business from the Cg Team. - [Transactions of $10,000 Cash Must be Reported to the IRS](https://www.cgteam.com/transactions-of-10000-cash-must-be-reported-to-the-irs/) - Businesses: be aware that you need to report transactions of $10,000 or more to the IRS. Learn how to report these transaction from the Cg Team. - [Congress Proposes a New Middle-Class Housing Tax Credit](https://www.cgteam.com/congress-proposes-a-new-middle-class-housing-tax-credit/) - A new middle-class housing tax credit is being proposed by Congress to help people who are in the middle-class tax bracket. Learn how more from the Cg Team. - [FSA Contribution Limit to Increase in 2024](https://www.cgteam.com/fsa-contribution-limit-to-increase-in-2024/) - The flexible spending account (FSA) maximum contribution limit is rising by $150 to $3,200 in 2024. Learn more from the Cg Team. - [Businesses: Do You Have to Comply With the New Corporate Transparency Reporting Rules?](https://www.cgteam.com/businesses-do-you-have-to-comply-with-the-new-corporate-transparency-reporting-rules/) - The new corporate transparency reporting rules are complex, but failing to comply with them can be costly to businesses. Reach out to the Cg Team for guidance. - [401k Plans for Long Term, Part-Time Employees](https://www.cgteam.com/401k-plans-for-long-term-part-time-employees/) - The IRS proposed regulations for long-term, part-time (LTPT) employees being able to participate in their employers 401(k) plans. Learn more from the Cg Team. - [How to Guard Your Business Against Cyber Attacks](https://www.cgteam.com/how-to-guard-your-business-against-cyber-attacks/) - If you are a business owner, you need to know how to protect your business's information from scammers. Learn from Cg Tax, Audit & Advisory. - [How the Saver's Credit Can Help Reduce Taxes Owed](https://www.cgteam.com/how-the-savers-credit-can-help-reduce-taxes-owed/) - Low-moderate income taxpayers can now save for retirement while possibly getting a special tax credit in 2024 and beyond. Learn how from the Cg Team. - [5 Strategies to Cut Your Company’s 2023 Tax Bill](https://www.cgteam.com/5-strategies-to-cut-your-companys-2023-tax-bill/) - Making time for year-end tax planning time now may prove beneficial come tax-filing time next year. Reach out to the Cg Team. - [IRS Delays New Reporting Rule for Online Payment Processors](https://www.cgteam.com/irs-delays-new-reporting-rule-for-online-payment-processors/) - The IRS is delaying the $600 Form 1099-K reporting threshold for third-party settlement organizations for the 2023 tax year. Learn more from Cg Tax, Audit & Advisory. - [Federal Tax Law Defines Exclusions to Taxable Income](https://www.cgteam.com/federal-tax-law-defines-exclusions-to-taxable-income/) - There are certain exclusions to taxable income according to federal tax law. Learn what these exclusions are from the Cg Team. - [Taxpayers: Plan Ahead for Medical Expense Deductions](https://www.cgteam.com/taxpayers-plan-ahead-for-medical-expense-deductions/) - Taxpayers now have less than one month to fit in appointments and purchases if they plan on claiming medial expenses on their 2023 return. Learn more from Cg - [Beware of Fraudulent Emails Claiming to be the IRS](https://www.cgteam.com/beware-of-fraudulent-emails-claiming-to-be-the-irs/) - Fraudulent emails claiming to be from the IRS are becoming more frequent. The Cg Team can help you determine if emails you receive are fraudulent. - [IRS Issues Guidance on Donor-Advised Funds](https://www.cgteam.com/irs-issues-guidance-on-donor-advised-funds/) - The IRS has issued long-awaited guidance on donor-advised funds (DAFs). Learn more about this announcement from Cg Tax, Audit & Advisory. - [IRS Announces Delay in Form 1099-K Reporting Threshold](https://www.cgteam.com/irs-announces-delay-in-form-1099-k-reporting-threshold/) - The IRS has announced a delay in releasing the $600 Form 1099-K reporting threshold for third-party settlement organizations. Reach out to the Cg Team with questions. - [Standard Deduction Amounts to Increase in 2024](https://www.cgteam.com/standard-deduction-amounts-to-increase-in-2024/) - There are increases for the standard deduction amounts for 2024. Learn what these increases are from Cg Tax, Audit & Advisory. - [It's National Tax Security Awareness Week](https://www.cgteam.com/its-national-tax-security-awareness-week/) - This week is It's National Tax Security Awareness Week. Learn how to protect yourself from fraud from Cg Tax, Audit & Advisory. - [Potential Revisions to Digital Asset Reporting Regulations](https://www.cgteam.com/potential-revisions-to-digital-asset-reporting-regulations/) - The U.S. Dept. of Treasury may be revising the regulations to digital asset reporting. Learn about these changes from the Cg Team. - [Some Businesses May Have an Easier Path to Financial Statements](https://www.cgteam.com/some-businesses-may-have-an-easier-path-to-financial-statements/) - Business owners: The accuracy of your financial statements is critical. Learn about the two easiest approaches from the Cg Team - [Employers: Learn About the Work Opportunity Tax Credit](https://www.cgteam.com/employers-learn-about-the-work-opportunity-tax-credit/) - Employers: Reduce you tax bill with the one-time Work Opportunity Tax Credit. Learn more about this credit from Cg Tax, Audit & Advisory. - [The 2024 Cost-of-Living Adjustment Numbers Have Been Released: How do they affect your year-end tax planning?](https://www.cgteam.com/2024-cost-of-living-adjustment-numbers/) - Take these 2024 cost-of-living adjustments into consideration as you work on your year-end tax planning. Contact Cg Tax, Audit & Advisory with questions. - [Taxpayers: Review and Adjust Tax Withholding](https://www.cgteam.com/taxpayers-review-and-adjust-tax-withholding/) - To avoid surprises during tax season, be sure to review and adjust your tax withholding, if necessary. Learn more from Cg Tax, Audit & Advisory. - [What Businesses Can Expect from a DOL Benefits Plan Audit](https://www.cgteam.com/what-businesses-can-expect-from-a-dol-benefits-plan-audit/) - If your company offers health and retirement plans that must comply with ERISA, your business could be audited by the U.S. Department of Labor. Here’s how the process generally works. - [Take Action Now to Reduce Your 2023 Income Tax Bill](https://www.cgteam.com/take-action-now-to-reduce-your-2023-income-tax-bill/) - Concerned about your 2023 tax liability? Consider these year-end tax planning strategies. Read more from the Cg Team. - [Business Owners: Learn the Signs of Identity Theft](https://www.cgteam.com/business-owners-be-aware-of-identity-theft/) - If you are a business owner, there are the signs that let you know your identity may have been stolen. Learn what they are from Cg Tax, Audit & Advisory. - [Prepare for Tax Season by Choosing Your Filing Status](https://www.cgteam.com/prepare-for-tax-season-by-choosing-your-filing-status/) - Taxpayers will need to decide what their filing status will be prior to filing their tax return. Learn what status options there are from the Cg Team. - [Cybersecurity Best Practices to Protect Your Information](https://www.cgteam.com/cybersecurity-best-practices-to-protect-your-information/) - With National Cybersecurity Awareness Month wrapped up, learn some cybersecurity best practices from Cg Tax, Audit & Advisory. - [Cg Named Top 400 Firm by INSIDE Public Accounting](https://www.cgteam.com/cg-named-ipa-400/) - Cg Tax, Audit & Advisory, a leading accounting and profitability consulting firm in NJ, has been named an IPA 400 firm by INSIDE Public Accounting (IPA). - [Keep Your Nonprofit Afloat With a Leadership Succession Plan](https://www.cgteam.com/keep-your-nonprofit-afloat-with-a-leadership-succession-plan/) - If your top executive were to step down tomorrow, would your not-for-profit know how to make a smooth leadership transition or would your boat suddenly be rudderless? - [How to Report Foreign Financial Assets to the IRS](https://www.cgteam.com/how-to-report-foreign-financial-assets-to-the-irs/) - Foreign financial assets valued at more than $50,000 aggregate may be subject to the Foreign Account Tax Compliance Act. Learn more from the Cg Team. - [Eligibility for 2023 Property Tax Deductions](https://www.cgteam.com/eligibility-for-2023-property-tax-deductions/) - Certain property owned by businesses that were put into service in 2023 could qualify for tax deductions. Learn more from Cg Tax, Audit & Advisory. - [Certain Business Activities Qualify for Tax Deductions](https://www.cgteam.com/certain-business-activities-qualify-for-tax-deductions/) - Business activities must be continuous and regular for business expenses to qualify for tax deductions. Learn more from Cg Tax, Audit & Advisory - [The IRS Extends the Use of Digital Signatures](https://www.cgteam.com/the-irs-extends-the-use-of-digital-signatures/) - Taxpayers and CPA's can can now use digital signature indefinitely. Learn about more IRS updates from Cg Tax, Audit & Advisory. - [Ep. 61 - United Way of Monmouth & Ocean Counties – Bridging the Gaps](https://www.cgteam.com/united-way-of-monmouth-ocean-counties-bridging-the-gaps/) - Ep. 61 features the United Way of Monmouth & Ocean Counties on the Cg Business Advisor Podcast. - [IRS Implements Special Withdrawal Process for Certain ERC Claims](https://www.cgteam.com/irs-implements-special-withdrawal-process-for-certain-erc-claims/) - If you filed an Employee Retention Credit (ERC) claim and have concerns about its accuracy, the IRS announced a special withdrawal process for certain taxpayers who have not yet received their refund that may have been misled into filing ineligible claims by ERC promoters. Learn more from Cg. - [Affordable Electric Vehicles May Be Eligible for Tax Credits](https://www.cgteam.com/affordable-electric-vehicles-may-be-eligible-for-tax-credits/) - More affordable electric vehicles may be eligible for tax credits. To qualify for eligibility, learn what rules apply from Cg Tax, Audit & Advisory. - [Valuations Can Help Business Owners Plan for the Future](https://www.cgteam.com/valuations-can-help-business-owners-plan-for-the-future/) - Most business owners know that a valuation will be necessary if they decide to sell their companies. But there are other reasons to consider engaging a qualified appraiser. - [How to Time Year-End Employee Bonuses to Reduce Taxes](https://www.cgteam.com/how-to-time-year-end-employee-bonuses-to-reduce-taxes/) - Timing year-end employee bonuses correctly can help reduce taxes. Learn what is best for you and your business from Cg Tax, Audit & Advisory. - [Contact Your Tax Advisor if Your Marital Status Changes](https://www.cgteam.com/contact-your-tax-advisor-if-your-marital-status-changes/) - Your marital status has a big impact on your tax situation. Contact the Cg Team if you have experienced a change in your status - [Owe More Taxes Than You Can Pay? Request a CDP Hearing](https://www.cgteam.com/owe-more-taxes-than-you-can-pay-request-a-cpd-hearing/) - When taxpayers are unable to pay their taxes, they can request a Collection Due Process (CDP) hearing. Learn how from the Cg Team. - [Settle Tax Debts With An Offer In Compromise From the IRS](https://www.cgteam.com/settle-tax-debts-with-an-offer-in-compromise-from-the-irs/) - If you owe more than you can pay to the IRS, submit an offer in compromise application. Learn how from Cg Tax, Audit & Advisory. - [2024 Maximum Earnings Increase for Social Security Taxes](https://www.cgteam.com/2024-maximum-earnings-increase-for-social-security-taxes/) - The maximum earnings that are subject to Social Security tax will increase for 2024. Learn more about this increase from Cg Tax, Audit & Advisory. - [4 Best Practices for Effective Strategic Planning Meetings](https://www.cgteam.com/4-best-practices-for-effective-strategic-planning-meetings/) - Business owners: If you don’t make time for strategic planning, competitors may get the better of you. The Cg Team discusses some ways to ensure your meetings are productive. - [How to Designate a Third-Party to Handle A Tax Matter](https://www.cgteam.com/how-to-designate-a-third-party-to-handle-a-tax-matter/) - Taxpayers can now designate a third-party to handle tax matters. Learn how to grant third- party permissionfrom Cg Tax, Audit & Advisory. - [Affluent Taxpayers: Be Prepared for Audits from the IRS](https://www.cgteam.com/affluent-taxpayers-be-prepared-for-audits-from-the-irs/) - The IRS is planning on focusing their audit efforts on more affluent taxpayers. Learn more about these audits from the Cg Team. - [The Importance of Ethics and Professional Standards in Forensic Accounting](https://www.cgteam.com/ethics-and-professional-standards-in-forensic-accounting/) - Cg Tax, Audit & Advisory, lets you know the importance of ethics and professional standards when it comes to forensic accounting. Contact our forensic accounting firm for more. - [New Tax Credits Available For Home Contractors](https://www.cgteam.com/new-tax-credits-available-for-home-contractors/) - The IRS has created a new pass-through organization to help with high-income compliance efforts. Learn more from Cg Tax, Audit & Advisory. - [New Pass-Through Organization Established by the IRS](https://www.cgteam.com/new-pass-through-organization-established-by-the-irs/) - The IRS has created a new pass-through organization to help with high-income compliance efforts. Learn more from Cg Tax, Audit & Advisory. - [The Goals of the IRS's Strategic Operating Plan](https://www.cgteam.com/the-goals-of-the-irss-strategic-operating-plan/) - The IRS has a new plan for their Tax Exempt and Government Entities (TE/GE) for the 2024 fiscal year. Learn about this new plan from Cg Tax, Audit & Advisory. - [IRS Per Diem Rates for 2023-2024 Business Travel Expenses](https://www.cgteam.com/irs-per-diem-rates-for-2023-2024-business-travel-expenses/) - There are new per diem rates for 2023-2024 business travel expenses. Learn what these rates are from Cg Tax, Audit & Advisory. - [Extensions for 2022 Tax Returns Are Due on October 16th](https://www.cgteam.com/extensions-for-2022-tax-returns-are-due-on-october-16th/) - If you requested an extension to file your 2022 tax return, the deadline is October 16th. Learn more about the deadline from the Cg Team. - [Taxpayers: Ensure to Mail Your Return On Time and Accurately](https://www.cgteam.com/taxpayers-ensure-to-mail-your-return-on-time-and-accurately/) - In order to avoid penalties, make sure you are mailing your return prior to the due date and with the correct information. Learn more from the Cg Team. - [Tax Deductions for the Costs of Business Assets](https://www.cgteam.com/tax-deductions-for-the-costs-of-business-assets/) - Taxpayers who purchase business assets may be able to deduct the cost on their return. Learn more from Cg Tax, Audit & Advisory. - [How to Keep Your Organization's Tax Exempt Status](https://www.cgteam.com/how-to-keep-your-organizations-tax-exempt-status/) - Tax exempt agencies that fail to comply with IRS regulations and laws may result in losing that status. Learn how to prevent this from the Cg Team. - [What Are the Three Main Areas of Forensic Accounting?](https://www.cgteam.com/what-are-the-three-main-areas-of-forensic-accounting/) - Forensic accountants usually apply their skills in the following three primary areas: litigation support, investigation, and dispute resolution. Learn more on Cg Tax, Audit & Advisory. - [New Legislation Establishes a State Retirement Savings Program](https://www.cgteam.com/nj-secure-choice/) - The “New Jersey Secure Choice Savings Program Act” sets up the program for certain workers not covered by another retirement plan. Contact the Cg Team for more information. - [Lean Manufacturers: Reap the Benefits of Lean Accounting](https://www.cgteam.com/lean-accounting/) - Lean accounting offers a flexible, simplified alternative to standard cost accounting for lean manufacturers. To learn more read the full article! - [If You Call the IRS, Be Prepared to Identify Yourself](https://www.cgteam.com/irs-identity/) - Tax-related identity theft is on the rise. That’s why the IRS says its call center professionals take great care to ensure they are only conversing with taxpayers. - [Registering Combined Groups in New Jersey](https://www.cgteam.com/registering-combined-groups-in-new-jersey/) - New Jersey will soon require managerial members to register combined groups. Read the full article to learn more! - [Tax Rates Get a Closer Look](https://www.cgteam.com/tax-rates-get-a-closer-look/) - The Congressional Budget Office just published a report entitled “Marginal Federal Tax Rates on Labor Income: 1962 to 2028.” Read on to learn more about this report - [IRS Suspends Processing of ERTC Claims](https://www.cgteam.com/irs-suspends-processing-of-ertc-claims/) - With fraudulent Employee Retention Tax Credit claims on the rise, the IRS has suspended claim processing through year end. Read more from Cg Tax, Audit & Advisory. - [How to Identify Fraudulent Calls Pretending to be the IRS](https://www.cgteam.com/how-to-identify-fraudulent-calls-pretending-to-be-the-irs/) - Scammers will reach out to taxpayers pretending to be the IRS. Learn how to protect your identity from these scammers from the Cg Team. - [Could Your Business Benefit From Interim Financial Reporting?](https://www.cgteam.com/could-your-business-benefit-from-interim-financial-reporting/) - Generating financial statements once a year isn’t enough. "Interim” financial reporting produces insightful information more frequently. Learn more from the Cg Team. - [Keep Detailed Records of Cryptocurrency Transactions](https://www.cgteam.com/keep-detailed-records-of-cryptocurrency-transactions/) - Cryptocurrency transactions must be recorded by taxpayers for tax purposes. Learn how to do so properly from Cg Tax, Audit & Advisory - [Beware of Scams When Donating to Charity This Holiday Season](https://www.cgteam.com/beware-of-scams-when-donating-to-charity-this-holiday-season/) - To avoid scams, ensure the charities you donate to are tax exempt. Learn how to avoid donating to these scams from the Cg Team. - [Prepare an Emergency Plan for Your Business](https://www.cgteam.com/prepare-an-emergency-plan-for-your-business/) - Put an emergency plan in place for your business to ensure you are prepared in the case of any disaster. Learn how to prepare from the Cg Team. - [Extension for Transferring Deceased Spousal Unused Exclusion](https://www.cgteam.com/extension-for-transferring-deceased-spousal-unused-exclusion/) - The IRS has provided an extension for executors of a will to transfer the deceased spousal unused exclusion (DSUE). Learn more from the Cg Team. - [Helpful Tips For Starting Your Own Business](https://www.cgteam.com/helpful-tips-for-starting-your-own-business/) - Starting your own business can seem like a daunting process. Learn how to start off on the right foot from Cg Tax, Audit & Advisory. - [IRS Issues Guidance on New Retirement Catch-Up Contribution Rules](https://www.cgteam.com/irs-issues-guidance-on-new-retirement-catch-up-contribution-rules/) - The SECURE 2.0 Act’s new retirement catch-up contribution rules caused problems and confusion for employers and employees alike. The IRS has now provided guidance. More info from the Cg Team. - [Quarterly Tax Payments Due September 15th](https://www.cgteam.com/quarterly-tax-payments-due-september-15th/) - If you are a taxpayer who makes quarterly payments be sure to do so by September 15th. Learn more about this deadline from the Cg Team. - [The Role of Forensic Accountants in Detecting Financial Fraud](https://www.cgteam.com/the-role-of-forensic-accountants-in-detecting-financial-fraud/) - If you run a business, assistance from an experienced forensic accountant is essential in discovering possible financial fraud. Learn more on our blog at CG today. - [Look Carefully at Three Critical Factors of Succession Planning](https://www.cgteam.com/look-carefully-at-three-critical-factors-of-succession-planning/) - Business owners: When it comes to succession planning, there are three primary things you’ll need to think about. Learn more from Cg Tax, Audit & Advisory - [Cancellation of Debt May Result in Taxes Owed](https://www.cgteam.com/cancellation-of-debt-may-result-in-taxes-owed/) - Cancellation of debt (COD) income may result in owed taxes. Learn more about how this may affect you and your business from the Cg Tax, Audit & Advisory. - [New Proposed Regulations for Digital Assets](https://www.cgteam.com/new-proposed-regulations-for-digital-assets/) - To prevent digital assets from being used to hide taxable income, the IRS has issued new regulations. Learn more from Cg Tax, Audit & Advisory. - [Cg Named 2023 NJBIZ Top 250 Privately Held Company](https://www.cgteam.com/cg-tax-audit-advisory-named-2023-njbiz-top-250-privately-held-company/) - Tinton Falls, NJ, August 30, 2023 – Cg Tax, Audit & Advisory (“Cg"), a leading accounting and profitability consulting firm, has been recognized as a 2023 NJBIZ Top 250 Privately Held Company, moving up in this year’s rankings from position 154 to position 133. “We’re grateful to be included once again in this prestigious list, Cg Tax, Audit & Advisory has been recognized as a 2023 NJBIZ Top 250 Privately Held Company. - [Cost Containment: An Important Healthcare Benefits Objective for Businesses](https://www.cgteam.com/cost-containment-an-important-healthcare-benefits-objective-for-businesses/) - For business owners, containing the costs of health care benefits may seem next to impossible. Learn how it can be possible from Cg Tax, Audit & Advisory - [New Reports Show Positive Outlook for Pension Plans](https://www.cgteam.com/new-reports-show-positive-outlook-for-pension-plans/) - The Pension Benefit Guaranty Corp. reports a positive outlook for pension plans. Learn about the report from Cg Tax, Audit & Advisory. - [Key Retirement Plan Provisions in the SECURE 2.0 Act](https://www.cgteam.com/key-retirement-plan-provisions-in-the-secure-2-0-act/) - The SECURE 2.0 Act was recently signed into law, and the new legislation includes some policy changes we want to make you aware of. Read more from Cg Tax, Audit & Advisory. - [How to Combat the Rise in Employment-Related Crimes](https://www.cgteam.com/how-to-combat-the-rise-in-employment-related-crimes/) - Employment-related crimes are on the rise according to the Financial Crimes Enforcement Network (FinCEN). Learn how to prevent these crimes from the Cg Team. - [The IRS Warns Businesses About ERTC Scams](https://www.cgteam.com/the-irs-warns-businesses-about-ertc-scams/) - Beware of fraudsters hyping the Employee Retention Tax Credit! Not all businesses are eligible despite the claims you may be hearing on TV or in mail, phone, and email solicitations. Learn more from Cg. - [Understanding the Tax Exemption Status Application](https://www.cgteam.com/understanding-the-tax-exemption-status-application/) - The application process for becoming tax exempt can be complex. Learn how to make the application process as easy as possible from the Cg Team. - [5 Tips for More Easily Obtaining Cyberinsurance](https://www.cgteam.com/5-tips-for-more-easily-obtaining-cyberinsurance/) - Cybersecurity is important to most companies. Learn more about cyberinsurance and how to optimize the application process from the Cg Team. - [Businesses: Watch Out for ESOP Compliance Issues](https://www.cgteam.com/businesses-watch-out-for-esop-compliance-issues/) - Businesses need to be aware of compliance issues regarding Employee Stock Ownership Plans. Learn more about these issues from Cg Tax, Audit & Advisory. - [Special Tax Credits Available for Energy Efficient Homes](https://www.cgteam.com/special-tax-credits-available-for-energy-efficient-homes/) - Contractors can now earn a special tax credit for building certain energy efficient homes. Learn what qualifies from Cg Tax, Audit & Advisory. - [Claim Energy Tax Credit With a Home Energy Audit](https://www.cgteam.com/claim-energy-tax-credit-with-a-home-energy-audit/) - Homeowners may be eligible for a tax credit if they do a home energy audit. Learn how to claim this credit from Cg Tax, Audit & Advisory. - [File Tax Returns on Time to Avoid Penalties](https://www.cgteam.com/file-tax-returns-on-time-to-avoid-penalties/) - Timing is very important when it comes to filing tax returns. Learn how to avoid late penalties and file on time from Cg Tax, Audit & Advisory. - [How to Report Gambling Earnings as Taxable Income](https://www.cgteam.com/how-to-report-gambling-earnings-as-taxable-income/) - Any gambling winnings may be considered as taxable income. Learn how to report these earnings from Cg Tax, Audit & Advisory. - [Strong Billing Processes Are Critical to Healthy Cash Flow](https://www.cgteam.com/strong-billing-processes-are-critical-to-healthy-cash-flow/) - Cash flow is the lifeblood of a successful company, and the billing processes have a huge impact on it. Learn more from Cg Tax, Audit & Advisory. - [New Modernization Improvements Coming Soon to the IRS](https://www.cgteam.com/new-modernization-improvements-coming-soon-to-the-irs/) - Updates to and the digitization of return processing is coming soon to the IRS. Learn how this will affect you and your business from the Cg Team. - [Higher Education Tax Credits for Qualifying Taxpayers](https://www.cgteam.com/higher-education-tax-credits-for-qualifying-taxpayers/) - Higher education can be expensive, however there are tax credits that can help reduce the cost of tax bills. Learn if you qualify from Cg Tax, Audit & Advisory. - [Essential Items to Note Regarding IRS Examinations of the Employee Retention Credit](https://www.cgteam.com/essential-items-to-note-regarding-irs-examinations-of-the-employee-retention-credit/) - Employee Retention Credit claims are expected to be a hot topic of IRS examinations. Learn more from Cg Tax, Audit & Advisory. - [Cg Named 2023 Top 400 Firm by INSIDE Public Accounting](https://www.cgteam.com/cg-tax-audit-advisory-named-2023-top-400-firm-by-inside-public-accounting/) - Tinton Falls, NJ, August 2 , 2023 – Cg Tax, Audit & Advisory, a leading accounting and profitability consulting firm, has been recognized as a 2023 IPA 400 firm by INSIDE Public Accounting (IPA). IPA 500 firms are ranked by U.S. net revenues and are compiled by analyzing the 600 accounting firm survey responses received Cg Tax, Audit & Advisory has been recognized as a 2023 IPA 400 firm by INSIDE Public Accounting. - [Taxpayers: Tax Scams Are Still Happening After Tax Season](https://www.cgteam.com/taxpayers-tax-scams-are-still-happening-after-tax-season/) - Tax scams are still happening even though tax season is over. Learn about what scams to be aware of from Cg Tax, Audit & Advisory. - [New IRS Procedures for Handling Fraudulent ERC Claims](https://www.cgteam.com/new-irs-procedures-for-handling-fraudulent-erc-claims/) - The IRS is cracking down on fraudulent Employee Retention Credit claims. Learn more about these new procedures from Cg Tax, Audit & Advisory. - [Cg Named One of New Jersey’s 2023 Best Places to Work](https://www.cgteam.com/cg-tax-audit-advisory-named-one-of-new-jerseys-2023-best-places-to-work/) - Tinton Falls, NJ, July 12 , 2023 – Cg Tax, Audit & Advisory (“Cg”), a leading accounting and profitability consulting firm, is pleased to announce its recognition as one of the 2023 Best Places to Work in New Jersey by NJBIZ. Surveyed by Best Companies Group, Cg’s dedication to employees’ personal and professional development, quality Cg Tax, Audit & Advisory has been named one of the Best Places to Work in New Jersey. - [Reduce Estate Taxes Through Completed Gifts](https://www.cgteam.com/reduce-estate-taxes-through-completed-gifts/) - Taxpayers can reduce their taxable estate through completed gifts. Learn how this may affect you or your family from Cg Tax, Audit & Advisory. - [Avoid Penalties for Missing or Incorrect TINs](https://www.cgteam.com/avoid-penalties-for-missing-or-incorrect-tins/) - Publication 1586 has new information regarding penalties for incorrect or missing TINs and how much they will cost. Learn more from Cg Tax, Audit & Advisory. - [How to Pay Outstanding Tax Liabilities With Form 433-A](https://www.cgteam.com/how-to-pay-outstanding-tax-liabilities-with-form-433-a/) - Wage earners or self-employed people can pay an outstanding tax liability with IRS Form 433-A. Learn how to properly report your earnings from the Cg Team. - [New Jersey Establishes Sales Tax Holiday](https://www.cgteam.com/new-jersey-establishes-sales-tax-holiday/) - The State of New Jersey recently implemented a Sales Tax Holiday from August 26, 2023 through September 4, 2023. Read more from Cg Tax, Audit & Advisory. - [Eligible Qualifications for Home Office Tax Deductions](https://www.cgteam.com/home-office-requirements-to-be-eligible-for-tax-deductions/) - There are certain qualifications for tax deductions on a home office. Learn what these requirements are from Cg Tax, Audit & Advisory. - [Ensure Business Related Expenses Are Properly Substantiated](https://www.cgteam.com/ensure-business-related-expenses-are-properly-substantiated/) - Ensure business related expenses are properly substantiated in order to qualify for deductions. Learn more from the Cg Team. - [2019 Tax Refunds Need to Be Filed Before July 17th Deadline](https://www.cgteam.com/2019-tax-refunds-need-to-be-filed-before-july-17th-deadline/) - Taxpayers: Do you want your 2019 tax refund? If so, file by July 17th, 2023. Contact Cg Tax, Audit & Advisory with questions. - [Newlyweds: How Marriage Might Affect Your 2024 Tax Return](https://www.cgteam.com/newlyweds-how-marriage-might-affect-your-2024-tax-return/) - For newlyweds getting married this year, marriage may have a few tax implications on you 2024 tax return. Learn how from Cg Tax, Audit & Advisory. - [IRS Warns Taxpayers About New Fraud Scam Sent Via Mail](https://www.cgteam.com/irs-warns-taxpayers-about-new-fraud-scam-sent-via-mail/) - The IRS is warning taxpayers about potential fraud scams that they can receive in the mail. Learn more from Cg Tax, Audit & Advisory. - [Solo Business Owner? There’s a 401(k) for That](https://www.cgteam.com/solo-business-owner-theres-a-401k-for-that/) - Self-employed people: Your business can sponsor a retirement plan just like any other employer. Learn more about a a solo 401(k) from Cg Tax, Audit & Advisory. - [Cultivate Connections With a Well-Used CRM System](https://www.cgteam.com/cultivate-connections-with-a-well-used-crm-system/) - Business owners: Learn from the Cg Team whether to invest in customer relationship management software or, if you already have it, make sure it is working. - [New Advanced Manufacturing Investment Credit Payment Provisions](https://www.cgteam.com/new-advanced-manufacturing-investment-credit-payment-provisions/) - There are new elective payment provisions of the Advanced Manufacturing Investment Credit (AMIC) addressed by the IRS. Learn more from the Cg Team. - [In Financial Planning, Forecasts and Projections Aren’t the Same](https://www.cgteam.com/in-financial-planning-forecasts-and-projections-arent-the-same/) - No business owner has a crystal ball, but a carefully created forecast or projection can help you better prepare for the future. Learn more from the Cg Team. - [Tax Advantages and IRS Rules for Hiring Family Members](https://www.cgteam.com/tax-advantages-and-irs-rules-for-hiring-family-members/) - Business owners: There are some tax advantages and IRS rules for hiring family members. Learn what these rules and advantages are from the Cg Team. - [The Role of Accountants in Business Decision-Making](https://www.cgteam.com/the-role-of-accountants-in-business-decision-making/) - Learn more about the role accountants play in business strategy and how CG can help your business thrive. - [The Rules and Requirements for Backup Withholding](https://www.cgteam.com/the-rules-and-requirements-for-backup-withholding/) - Backup withholding has certain rules and requirements that businesses need to be aware of. Learn about them from Cg Tax, Audit & Advisory. - [Dependents Must File Self-Employment Earnings](https://www.cgteam.com/dependents-must-file-self-employment-earnings/) - Students earning extra money this summer will still have to file taxes on those earnings. Learn more information from Cg Tax, Audit & Advisory. - [Americans Abroad: Don't Forget to File Your Tax Return](https://www.cgteam.com/americans-abroad-dont-forget-to-file-your-tax-return/) - Tax returns are due for Americans working abroad on June 15th. Learn more from Cg Tax, Audit & Advisory. - [Benefits to Filing Tax Return Extensions Early](https://www.cgteam.com/benefits-to-filing-tax-return-extensions-early/) - If you requested an automatic extension for your tax return, learn about the benefits of filing earlier from Cg Tax, Audit & Advisory. - [Virtual Currency Lands in the IRS’s Crosshairs](https://www.cgteam.com/virtual-currency-lands-in-the-irss-crosshairs/) - While the value of virtual currency continues to fluctuate, the IRS’s interest in it has only increased. In 2021, for example, the agency launched Operation Hidden Treasure to root out taxpayers who don’t report income from cryptocurrency transactions on their federal income tax returns. Moreover, the Inflation Reduction Act, enacted in 2022, allocated $80 billion If you do business with virtual currency, it’s time to get familiar with related tax requirements. The IRS is paying closer attention. Read more from Cg. - [Student Debt Relief Available for Qualified Loans](https://www.cgteam.com/student-debt-relief-available-for-qualified-loans/) - Student loan debtors may be qualified for student debt relief, depending on their loans. Learn more about these qualifications from Cg Tax, Audit & Advisory. - [Tax Exclusions for Home Sales Must Meet Ownership Use Tests](https://www.cgteam.com/tax-exclusions-for-home-sales-must-meet-ownership-use-tests/) - If you are selling your home this summer, you may qualify to exclude some or all gain from the sale when you file your taxes Learn more from the Cg Team. - [Taxpayers: Be Aware of Nontaxable Income When Filing Returns](https://www.cgteam.com/taxpayers-be-aware-of-nontaxable-income-when-filing-returns/) - Not all income is taxable. Certain income is exempt from taxation when filing a return. Learn what is exempt from Cg Tax, Audit & Advisory. - [Avoid Succession Drama with a Buy-Sell Agreement](https://www.cgteam.com/avoid-succession-drama-with-a-buy-sell-agreement/) - One of the best ways to avoid succession planning drama is by drafting a buy-sell agreement. Learn more from Cg Tax, Audit & Advisory. - [Teachers: Deduct Qualified Expenses Incurred this School Year](https://www.cgteam.com/teachers-deduct-qualified-expenses-incurred-this-school-year/) - Teachers are allowed to deduct qualified expense related to their profession. Learn about these qualifications from Cg Tax, Audit & Advisory. - [New Alternative Corporate Minimum Tax for Large Corporations](https://www.cgteam.com/new-alternative-corporate-minimum-tax-for-large-corporations/) - The Inflation Reduction Act has created a new alternative corporate minimum tax. Learn how this may affect you and your business from Cg Tax, Audit & Advisory. - [Offer in Compromise "Dirty Dozen" Tax Scheme](https://www.cgteam.com/offer-in-compromise-dirty-dozen-tax-scheme/) - Taxpayers should be aware of the "Dirty Dozen" tax scam related to offers in compromise or OIC's. Learn more from the Cg Team. - [Business Travel Expenses May be Eligible Tax Deductions](https://www.cgteam.com/business-travel-expenses-may-be-eligible-tax-deductions/) - Individuals who travel for business may be eligible for tax deductions depending on their expenses. Learn more from the Cg Team. - [What’s in the Fiscal Responsibility Act?](https://www.cgteam.com/whats-in-the-fiscal-responsibility-act/) - Let’s take a look at the highlights of the Fiscal Responsibility Act from Cg Tax, Audit & Advisory. - [Business Owners: Be Aware of Misleading ERC Claims](https://www.cgteam.com/business-owners-be-aware-of-misleading-erc-claims/) - There have been an abundance of misleading claims about the ERC, that business owners should be aware of. Learn more from the Cg Team. - [New Tax Credits for Energy Efficient Homes](https://www.cgteam.com/new-tax-credits-for-energy-efficient-homes/) - There are new tax credits for home owners who install energy efficient improvements. Learn more about these credits from Cg Tax, Audit & Advisory. - [Potential Reinstatement of the EBITDA Standard](https://www.cgteam.com/potential-reinstatement-of-the-ebitda-standard/) - The EBITDA standard may be reinstated with new proposed American Investment in Manufacturing Act. Learn how this may affect you and your business from Cg Tax, Audit & Advisory. - [Next Quarterly Tax Payment Due June 15th](https://www.cgteam.com/next-quarterly-tax-payment-due-june-15th/) - The next quarterly estimated tax payments are due June 15th. Learn more from Cg Tax, Audit & Advisory. - [Is it Time for a Targeted Marketing Campaign?](https://www.cgteam.com/is-it-time-for-a-targeted-marketing-campaign/) - Business owners can now have a more current idea of what their customers look like using a targeted marketing campaign. Learn more from Cg Tax, Audit & Advisory. - [The Decision to Claim Standard or Itemized Deductions](https://www.cgteam.com/the-decision-to-claim-standard-or-itemized-deductions/) - When tax planning for 2023, it is important to decide whether or not to claim standard or itemized deductions. Learn more information from Cg Tax, Audit & Advisory. - [Helpful IRS Tips to Prepare for Natural Disasters](https://www.cgteam.com/helpful-irs-tips-to-prepare-for-natural-disasters/) - The IRS is has issued some helpful tips for preparing incase of natural disasters. Learn more from Cg Tax, Audit & Advisory. - [Ensure you Have an Emergency Preparedness Plan this Summer](https://www.cgteam.com/ensure-you-have-an-emergency-preparedness-plan-this-summer/) - Natural disasters can happen at any moment. Ensure you are ready with an emergency preparedness plan. Read more from the Cg Team. - [How to Battle Back Against Brandjacking](https://www.cgteam.com/how-to-battle-back-against-brandjacking/) - Identity theft is not only a well-known threat to individuals, but also to brands. Learn how to avoid brandjacking from Cg Tax, Audit & Advisory. - [All About HSAs](https://www.cgteam.com/all-about-hsas/) - Health Savings Accounts are tax-advantaged savings accounts funded with pretax dollars. Funds can be withdrawn tax-free to pay for qualified medical expenses.Learn more from Cg Tax, Audit & Advisory. - [Social Security’s Future: The Issues and the Proposals](https://www.cgteam.com/social-securitys-future-the-issues-and-the-proposals/) - Here’s a look at the current Social Security situation and potential solutions from Cg Tax, Audit & Advisory. - [Take Note of the American Opportunity Tax Credit](https://www.cgteam.com/take-note-of-the-american-opportunity-tax-credit/) - There are many possibilities that can help offset the rising costs of higher education, including the American Opportunity Tax Credit. Learn more from the Cg Team. - [Educational Assistance Programs Can Offer Student Loan Help](https://www.cgteam.com/educational-assistance-programs-can-offer-student-loan-help/) - If your company has an educational assistance program, you can use it to help pay employees’ student loans from now until Dec. 31, 2025. Get more information from Cg Tax, Audit & Advisory. - [IRS Tax Exempt Organization Search Tool](https://www.cgteam.com/irs-tax-exempt-organization-search-tool/) - Taxpayers who make charitable donations to tax-exempt organizations may be able to claim a deduction on their federal tax returns, but you must donate to “qualified” organizations. Learn more from Cg. - [Some Homeowners May Qualify for Expanded Home Energy Tax Credits](https://www.cgteam.com/some-homeowners-may-qualify-for-expanded-home-energy-tax-credits/) - The IRS is reminding homeowners that they may qualify for expanded home energy tax credits under the Inflation Reduction Act. Read more from the Cg Team. - [Small Business Opportunity to Reduce Tax & Energy Costs](https://www.cgteam.com/small-business-opportunity-to-reduce-tax-energy-costs/) - Small business owners: The Inflation Reduction Act contains provisions that may help you reduce taxes and energy costs. Learn more from the Cg Team. - [6 Tried-and-True Strategies for Improving Collections](https://www.cgteam.com/6-tried-and-true-strategies-for-improving-collections/) - Collections can be one of the most challenging aspects of running a company. Learn six time-honored ideas for getting paid from Cg Tax, Audit & Advisory. - [IRS Small Business Resources](https://www.cgteam.com/irs-small-business-resources/) - April 30 through May 6 is National Small Business Week. That’s why the IRS is highlighting some available resources for America’s small business owners. Read more from Cg. - [Unemployment Compensation is Taxable Income](https://www.cgteam.com/unemployment-compensation-is-taxable-income/) - Unemployment benefit recipients should include payments when they file their federal tax returns. Learn how from the Cg Team. - [Understanding the Federal Tax Rules for Spouse Operated Businesses](https://www.cgteam.com/understanding-the-federal-tax-rules-for-spouse-operated-businesses/) - There are different forms and tax rules depending on how spouses run their businesses. Learn more from Cg Tax, Audit & Advisory. - [Reminder of Upcoming Filing Deadlines from the IRS](https://www.cgteam.com/reminder-of-upcoming-filing-deadlines-from-the-irs/) - There are still other tax filing deadlines to be aware of after tax day. Learn what deadlines apply to you and your business from Cg Tax, Audit & Advisory. - [Submit 2019 Tax Returns to Receive Your Refund](https://www.cgteam.com/submit-2019-tax-returns-to-receive-your-refund/) - There is still time for taxpayers to submit and receive their tax refund from the 2019 tax year. Learn how from the Cg Team. - [Clean Vehicle Credit Regulations](https://www.cgteam.com/clean-vehicle-credit-regulations/) - Recently proposed IRS regulations effectively limit the number of Clean Vehicles eligible for the credit due to strict sourcing requirements. Read more at Cg. - [IRS Guidance Coming Regarding the IRA’s Clean Vehicle Credit](https://www.cgteam.com/irs-guidance-coming-regarding-the-iras-clean-vehicle-credit/) - Will the electric vehicle you have your eye on qualify for the Clean Vehicle Credit? Learn more from the Cg Team. - [Reminder: April 18 is Deadline to Make 2022 Contributions to Traditional or Roth IRA](https://www.cgteam.com/reminder-april-18-is-deadline-to-make-2022-contributions-to-traditional-or-roth-ira/) - With tax day approaching, the IRS is reminding individuals that they have until April 18, 2023, to make 2022 contributions to a traditional or Roth IRA. Reach out to Cg with questions. - [Estimated Tax Payment Deadline Approaching](https://www.cgteam.com/estimated-tax-payment-deadline-approaching/) - April 18 is the deadline for the first estimated tax payment for 2023. Contact Cg with questions. - [5 Valuation Terms That Every Business Owner Should Know](https://www.cgteam.com/5-valuation-terms-that-every-business-owner-should-know/) - As a business owner it is important to know these valuation terms to understand the value of your business. Learn how more from Cg Tax, Audit & Advisory. - [What is the Difference Between a CPA and Tax Accountant?](https://www.cgteam.com/what-is-the-difference-between-a-cpa-and-tax-accountant/) - So, understanding the nuances of a CPA vs. tax accountant is key to ensuring you make the right hire or get into the right accounting career. - [It’s Happening: Using Social Media for Customer Service](https://www.cgteam.com/its-happening-using-social-media-for-customer-service/) - Social media is a tool businesses are now using to improve customer service. Learn how to take advantage of this opportunity from Cg Tax, Audit & Advisory. - [Watch Out For Charitable Remainder Annuity Trust Scams](https://www.cgteam.com/watch-out-for-charitable-remainder-annuity-trust-scams/) - IRS warns taxpayers of scams involving Charitable Remainder Annuity Trusts (CRATs). Reach out to Cg with questions. - [New Social Security Wage Base Increases](https://www.cgteam.com/new-social-security-wage-base-increases/) - The wage base for the social security has increased. Learn more from Cg Tax, Audit & Advisory. - [New Proposed Clean Vehicle Tax Credit](https://www.cgteam.com/new-proposed-clean-vehicle-tax-credit/) - The IRS has proposed new clean vehicle tax credits Inflation Reduction Act. Learn more from Cg Tax, Audit & Advisory. - [Watch Out for New Social Media Tax Scam](https://www.cgteam.com/watch-out-for-new-social-media-tax-scam/) - The IRS is warning of a new tax scam promoted on social media. Read the details at Cg Tax, Audit & Advisory. - [Be Aware of Fuel Tax Credit Scammers This Tax Season](https://www.cgteam.com/be-aware-of-fuel-tax-credit-scammers-this-tax-season/) - Scammers are now pushing the improper use of Fuel Tax Credit Scammers. Learn how to avoid them from Cg Tax, Audit & Advisory. - [Affordable Care Act Penalties Will Rise in 2024](https://www.cgteam.com/affordable-care-act-penalties-will-rise-in-2024/) - The 2024 indexing adjustments under the Affordable Care Act (ACA) were recently announced by the IRS. Learn what this means for you and your business from Cg Tax, Audit & Advisory. - [The IRS's Intentions to Treat NFT's as Collectibles](https://www.cgteam.com/the-irss-intentions-to-treat-nfts-as-collectibles/) - The IRS intends to treat NFT's as collectibles for tax purposes. Learn how this was determined from Cg Tax, Audit & Advisory. - [Employee Retention Credit Apart of New Taxpayer Scam](https://www.cgteam.com/employee-retention-credit-apart-of-new-taxpayer-scam/) - Taxpayers should be cautious when filing their returns now that the Employee Retention Credits are now apart of the Dirty Dozen tax scams. Learn more from Cg. - [Medical Expense Deductions](https://www.cgteam.com/medical-expense-deductions/) - What makes a medical expense deductible? The IRS recently posted a list of FAQs concerning the treatment of certain costs related to nutrition, wellness, and overall health. Reach out to Cg with questions. - [IRS Warns of Employee Retention Credit Scammers](https://www.cgteam.com/irs-warns-of-employee-retention-credit-scammers/) - Individuals and businesses alike need to be aware of a widely-circulating scam involving the Employee Retention Credit (ERC). Learn more from Cg Tax, Audit & Advisory. - [Cg Recognized as 2023 Top Regional Leader by Accounting Today](https://www.cgteam.com/cg-recognized-as-2023-top-regional-leader-by-accounting-today/) - For the fourth consecutive year, Cg Tax, Audit & Advisory has been named one of Accounting Today’s ‘Top Regional Leaders’ for 2023 in the Mid-Atlantic Region. - [3 Ways Your Business Can Uncover Cost Cuts](https://www.cgteam.com/3-ways-your-business-can-uncover-cost-cuts/) - The ability to cut costs is important to all businesses owners who want a successful and profitable business. Learn how to do so from Cg Tax, Audit & Advisory - [The Inflation Reduction Act: Renewable Energy Tax Credits](https://www.cgteam.com/the-inflation-reduction-act-renewable-energy-tax-credits/) - There are new energy efficiency tax credits for business and home owners. Learn how these affect you from Cg. - [New Statute of Limitations for the Employee Retention Credit](https://www.cgteam.com/new-statute-of-limitations-for-the-employee-retention-credit/) - The Treasury Department's "Green Book" proposes new statute of limitations for the Employee Retention Credit. Learn more from Cg Tax, Audit & Advisory. - [President Biden's Proposed Budget Includes Notable Tax Provisions](https://www.cgteam.com/president-bidens-proposed-budget-includes-notable-tax-provisions/) - Here’s a rundown of the business and individual tax provisions included in President Biden’s recently released budget proposal from the Cg Team. - [Taxpayers Over 72: Don't Miss the RMD Deadline](https://www.cgteam.com/taxpayers-over-72-dont-miss-the-rmd-deadline/) - For taxpayers over the age of 72, don't forget to begin receiving the required minimum distribution payments. Learn more from Cg Tax, Audit & Advisory. - [An Extension to File Taxes Isn't an Extension to Pay Taxes](https://www.cgteam.com/an-extension-to-file-taxes-isnt-an-extension-to-pay-taxes/) - If you owe taxes and don’t seek an extension to file, the IRS encourages you to file and pay as soon as possible to limit interest and penalties. Read more from Cg. - [U.S. Supreme Court Rules Against the IRS on Critical FBAR Issue](https://www.cgteam.com/u-s-supreme-court-rules-against-the-irs-on-critical-fbar-issue/) - In Bittner v. U.S., the U.S. Supreme Court ruled that the penalty for non-willingly failing to file an FBAR applied on a lower per-report basis, not on a per-account basis. Learn more from Cg Tax, Audit & Advisory. - [New Tax Scams Encourage Taxpayers to Make False Claims](https://www.cgteam.com/new-tax-scams-encourage-taxpayers-to-make-false-claims/) - Scammers are encouraging taxpayers to make false claims on their returns. Learn how to avoid these scams from Cg Tax, Audit & Advisory. - [Small Business Owners May Be Able to Claim COVID-19 Tax Credits](https://www.cgteam.com/small-business-owners-may-be-able-to-claim-covid-19-tax-credits/) - Small business owners - you may still be able to claim COVID-19 tax credits that were available to certain employers during the pandemic. Learn more from Cg. - [New Corporate Alternative Minimum Tax](https://www.cgteam.com/new-corporate-alternative-minimum-tax/) - The IRS has a new corporate alternative minimum tax that will generally affect large corporations. Read more from Cg Tax, Audit & Advisory. - [How Might the Internet of Things Affect Your Business?](https://www.cgteam.com/how-might-the-internet-of-things-affect-your-business/) - Now more than ever, the world is operating more technology based. Learn how to implement these practices into your business from Cg Tax, Audit & Advisory. - [Sailing a Steady Ship in Today’s Interesting Economy](https://www.cgteam.com/sailing-a-steady-ship-in-todays-interesting-economy/) - Trying to determine where the economy is going, as a small business owner, can be difficult. The Cg Team can help you determine what your priorities should be. - [Cg’s Anthony Turano, CPA Named Firm Shareholder](https://www.cgteam.com/cg-tax-audit-advisorys-anthony-turano-cpa-named-firm-shareholder/) - Cg Tax, Audit & Advisory is pleased to announce that Anthony J. Turano, CPA has been promoted to Shareholder. - [2023 Second Quarter Interest Rates Remain the Same](https://www.cgteam.com/2023-second-quarter-interest-rates-remain-the-same/) - There will be no change in certain interest rates for the quarter beginning April 1, 2023. Learn more from the Cg Team. - [Potential Tax Legislation in 2023 & Beyond](https://www.cgteam.com/potential-tax-legislation/) - We're looking at the fate of prospective tax legislation in 2023. Read more from Cg Tax, Audit & Advisory. - [Direct Deposit Refunds Available for Electronic Amended Returns](https://www.cgteam.com/direct-deposit-refunds-available-for-electronic-amended-returns/) - Electronically amended returns are now eligible for direct deposit refunds. Learn more from Cg Tax, Audit & Advisory. - [Tax Deductions for Educators](https://www.cgteam.com/tax-deductions-for-educators/) - Educators have speicific tax deductions, just for them. To learn how to account for them, contact the Cg Team. - [Let Your Financial Statements Guide You to Optimal Business Decisions](https://www.cgteam.com/let-your-financial-statements-guide-you-to-optimal-business-decisions/) - Financial statements can guide you to optimal business decisions. Know the three types of financial statements and how to use them to benefit your business. - [Service Industry Tips Can Be Taxable](https://www.cgteam.com/service-industry-tips-can-be-taxable/) - Like most income, tips in the service industry are taxable. Read more from Cg Tax, Audit & Advisory. - [Is Now the Time for Your Small Business to Launch a Retirement Plan?](https://www.cgteam.com/is-now-the-time-for-your-small-business-to-launch-a-retirement-plan/) - You may start to consider implementing a retirement plan for your employees. Learn if now is the right time for your small business from Cg Tax, Audit & Advisory. - [How to Ensure Enough of Your Income Tax is Withheld](https://www.cgteam.com/how-to-ensure-enough-of-your-income-tax-is-withheld/) - Many people realize too late, that they need to withhold enough income tax in their paychecks. Learn how to prevent this from Cg Tax, Audit & Advisory. - [Due Date to Report Backup Withholding is Almost Here!](https://www.cgteam.com/due-date-to-report-backup-withholding-is-almost-here/) - The due date for paying and reporting backup withholding is almost here, reminds the IRS. Learn more from Cg. - [NJ ANCHOR Program Extends Benefit Application Deadline to February 28, 2023](https://www.cgteam.com/nj-anchor-program-extends-benefit-application-deadline-to-february-28-2023/) - The deadline to file the NJ ANCHOR program benefit application has been extended to February 28, 2023. Learn more about the property tax relief program for NJ residents and how to file the ANCHOR benefit application. - [How to Properly Account for Digital Assets](https://www.cgteam.com/how-to-properly-account-for-digital-assets/) - Do you have digital assets? Learn how to account for them. Contact the Cg Team for more information. - [Taxpayers: Consider Direct Deposit for your Tax Refunds](https://www.cgteam.com/taxpayers-consider-direct-deposit-for-your-tax-refunds/) - Taxpayers should consider the benefits of direct deposit tax refunds. Learn how Cg Tax, Audit & Advisory. - [Why You Need a CPA For Estate Planning](https://www.cgteam.com/why-you-need-a-cpa-for-estate-planning/) - An Estate Planning CPA makes sure your finances are healthy and that the business you leave behind is profitable and will remain so in the future. - [Final Quarterly Tax Payments Due](https://www.cgteam.com/final-quarterly-tax-payments-due/) - The final day to submit quarterly tax payments is January 17th. Learn more from Cg Tax, Audit & Advisory. - [The 2023 Tax Season Begins on January 23rd](https://www.cgteam.com/the-2023-tax-season-begins-on-january-23rd/) - Begin preparing your tax related items for the upcoming tax season, starting on January 23rd. Learn what you need to do from Cg Tax, Audit & Advisory. - [Cryptocurrency Reporting Has Been Delayed by the IRS](https://www.cgteam.com/cryptocurrency-reporting-has-been-delayed-by-the-irs/) - Final regulations for cryptocurrency reporting has yet to be finalized and has been delayed by the IRS. Learn more from Cg Tax, Audit & Advisory. - [It May be Time to Upgrade Your Accounting Software](https://www.cgteam.com/it-may-be-time-to-upgrade-your-accounting-software/) - A reminder to check your accounting software and see if your business needs and upgrade. Learn more from Cg Tax, Audit & Advisory. - [Contested UTP Reporting Remains Intact](https://www.cgteam.com/contested-utp-reporting-remains-intact/) - Objected UTP reporting that was changed by the IRS remains intact. Learn more from Cg Tax, Audit & Advisory. - [2023 Tax Calendar](https://www.cgteam.com/2023-tax-calendar/) - Reference this tax calendar to learn the 2023 deadlines for various tax-related forms and payments.Contact Cg Tax, Audit & Advisory with questions. - [Student Loan Payment and Retirement Savings for Employees](https://www.cgteam.com/student-loan-payment-and-retirement-savings-for-employees/) - Employees can simultaneously save for retirement and pay off student loan debt. Learn how from Cg Tax, Audit & Advisory. - [Qualifications for Clean Vehicle Tax Credit](https://www.cgteam.com/qualifications-for-clean-vehicle-tax-credit/) - The clean vehicle tax credit has new qualifications to check before purchasing an electric vehicle. Contact the Cg Team for more information. - [Does Your Family Business’s Succession Plan Include Estate Planning Strategies?](https://www.cgteam.com/does-your-family-businesss-succession-plan-include-estate-planning-strategies/) - Are you a family business owner who needs to work on your succession plan? Let Cg Tax, Audit & Advisory help plan the next steps that are best for you and your company. - [Mileage Rates for the Business Use of a Vehicle Has Risen](https://www.cgteam.com/mileage-rates-for-the-business-use-of-a-vehicle-has-risen/) - The standard mileage rate for the business use of a vehicle has risen from 2022. Learn more from Cg Tax, Audit & Advisory. - [Year-End Spending Package Tackles Retirement Planning, Conservation Easements](https://www.cgteam.com/year-end-spending-package-tackles-retirement-planning-conservation-easements/) - Tucked into the Consolidated Appropriations Act of 2023 is a package of enhanced retirement benefits, otherwise known as the SECURE 2.0 Act. Cg will show you some of the provisions. - [Prominent Accounting Firm, Potter & LaMarca Joins Industry-Recognized CPA Firm, Cg](https://www.cgteam.com/prominent-accounting-firm-potter-lamarca-joins-industry-recognized-cpa-firm-cg-tax-audit-advisory/) - [Choosing a Retirement Plan for Your Small Business](https://www.cgteam.com/choosing-a-retirement-plan-for-your-small-business/) - You know your small business is getting somewhere when it’s ready to offer employees a retirement plan. Learn more from Cg Tax, Audit & Advisory. - [Extended Filing Due Date for NJ ANCHOR Property Tax Relief Program](https://www.cgteam.com/extended-filing-due-date-for-nj-anchor-property-tax-relief-program/) - The deadline to file the NJ ANCHOR program benefit application has been extended to January 31, 2023. Learn more about the property tax relief program for NJ residents and how to file the ANCHOR benefit application. - [NJ ANCHOR Program May Help NJ Residents Save on Property Taxes](https://www.cgteam.com/nj-anchor-program-may-help-nj-residents-save-on-property-taxes/) - What is the ANCHOR program in NJ? Learn more about the property tax relief program for NJ residents and how to file the ANCHOR benefit application. - [Inbound vs. Outbound: Balancing Your Company’s Sales Strategies](https://www.cgteam.com/inbound-vs-outbound-balancing-your-companys-sales-strategies/) - In many industries, businesses must carefully balance inbound sales (customers call you) with outbound sales (you call customers). Learn more from Cg Tax, Audit & Advisory - [Second Installment of Deferred 2020 Tax Payments are Due](https://www.cgteam.com/second-installment-of-deferred-2020-tax-payments-are-due/) - The second installment of the 2020 deferred tax payments are due at the end of December. Need help? Contact Cg Tax, Audit & Advisory. - [Timing is Everything When it Comes to Accounting Software Upgrades](https://www.cgteam.com/timing-is-everything-when-it-comes-to-accounting-software-upgrades/) - Your company’s accounting software might seem like an old friend, but it could be holding you back or even putting your data at risk. Cg has some thoughts on deciding whether to upgrade. - [Take a Look at Stock Options as a Recruitment Tool](https://www.cgteam.com/take-a-look-at-stock-options-as-a-recruitment-tool/) - Many businesses still face difficulty hiring the employees they need. Cg suggests offering equity-based compensation in the form of stock options. - [Retirement Plan RMD Withdrawal Reminder](https://www.cgteam.com/retirement-plan-rmd-withdrawal-reminder/) - A reminder to taxpayers over the age of seventy two must withdrawal from their IRAs or retirement plans each year. Learn more from Cg Tax, Audit & Advisory. - [New IRS Checklist for 2022 Newlyweds this Tax Season](https://www.cgteam.com/new-irs-checklist-for-2022-newlyweds-this-tax-season/) - Newlyweds attempting to file taxes in 2023 should check out the most recent IRS checklist. Learn more from Cg Tax, Audit & Advisory. - [Taxpayers Should Begin Preparing for the 2023 Tax Season](https://www.cgteam.com/taxpayers-should-begin-preparing-for-the-2023-tax-season/) - With tax season quickly approaching, businesses and taxpayers should begin preparing. Contact Cg to find out what documents you may need. - [Business Owners: Be Aware of Potential Identity Theft](https://www.cgteam.com/business-owners-be-aware-of-potential-identity-theft/) - Businesses are now prime targets for identity theft. Business owners should be aware of the warning signs. Learn what those are from Cg Tax, Audit & Advisory. - [Cryptocurrency Regulation](https://www.cgteam.com/cryptocurrency-regulation/) - The federal government will be increasing its regulation of cryptocurrency. Starting January 2023, crypto brokers must observe new tax reporting requirements. - [Student Loan Payment Pause Extended](https://www.cgteam.com/student-loan-payment-pause-extended/) - A student loan payment pause is extended through June 2023. Learn how this affects wage garnishments, repayments, interest, and collections. - [Tax Deductions: Business-Related Vehicle Expenses](https://www.cgteam.com/tax-deductions-business-related-vehicle-expenses/) - Vehicle related business expenses must be recorded in detail to qualify as a tax deduction. Learn more from Cg Tax, Audit & Advisory. - [Beware Fake Charities This Giving Season](https://www.cgteam.com/beware-fake-charities-this-giving-season/) - It’s a timely message for the giving season: Beware of fake charities. Learn more from Cg Tax, Audit & Advisory. - [NJ to Launch Mandatory Retirement Savings Program Next Month](https://www.cgteam.com/nj-to-launch-mandatory-retirement-savings-program-next-month/) - New Jersey will be one of the first states to launch a mandatory retirement savings program next month. Contact Cg Tax, Audit & Advisory to learn more. - [Know Your Correct Filing Status This Tax Season](https://www.cgteam.com/know-you-correct-filing-status-this-tax-season/) - The 5 different tax statuses you can file are single; married filing jointly; married filing separately; head of household; and qualifying widow(er). Learn more - [Reinforce Your Cybersecurity Defenses Regularly](https://www.cgteam.com/reinforce-your-cybersecurity-defenses-regularly/) - Hackers don’t give up, and neither should you. Identifying and preventing the latest threats to your business’s cybersecurity calls for constant vigilance. Learn more from Cg Tax, Audit & Advisory. - [IRS 2022-2023 Priority Guidance Plan](https://www.cgteam.com/irs-2022-2023-priority-guidance-plan/) - Want to know what the IRS plans to prioritize in 2023? Check the 2022–2023 Priority Guidance Plan. Contact Cg with questions. - [Watch Out for Holiday Season Scams](https://www.cgteam.com/watch-out-for-holiday-season-scams/) - The holiday season is in full swing, and so are scams, warns the IRS. Learn more from Cg Tax, Audit & Advisory. - [National Tax Security Awareness Week](https://www.cgteam.com/national-tax-security-awareness-week/) - The Security Summit, a partnership between the IRS, state tax agencies, and tax professionals, is warning taxpayers to “take extra steps” to protect their financial and tax information from increasingly sophisticated fraud schemes. - [5 Steps to Take Now to Cut Your 2022 Tax Liability](https://www.cgteam.com/5-steps-to-take-now-to-cut-your-2022-tax-liability/) - Are you interested in reducing your 2022 tax liability? There’s still time to take these year-end tax planning steps. Contact the Cg Team for more information. - [How Does Bankruptcy in Crypto Affect Taxes?](https://www.cgteam.com/how-does-bankruptcy-in-crypto-affect-taxes/) - With no real precedent for large-scale bankruptcy in the crypto industry, tax consequences are unclear. Contact Cg to learn more. - [New Nonrefundable Tax Credits for Equity Investments](https://www.cgteam.com/new-nonrefundable-tax-credits-for-equity-investments/) - The New Markets Tax Credit is a nonrefundable tax credit recently put out by the U.S. Treasury Department. To learn more, contact Cg Tax, Audit & Advisory. - [FSA Contributions to Rise in 2023](https://www.cgteam.com/fsa-contributions-to-rise-in-2023/) - Employees can now contribute more to their FSA 's in 2023. Learn more from Cg Tax, Audit & Advisory. - [Act Now to Reduce Your Business’s 2022 Tax Bill](https://www.cgteam.com/act-now-to-reduce-your-businesss-2022-tax-bill/) - As 2022 winds down, now is the time for your business to take stock of its tax situation and implement year-end tax planning strategies. Reach out to Cg Tax, Audit & Advisory to discuss further. - [IRS Expands Program to Approve Certain Retirement Plans](https://www.cgteam.com/irs-expands-program-to-approve-certain-retirement-plans/) - The IRS is expanding its determination letter program that approves certain retirement plans. Learn more from the Cg Team. - [Supplementing Your Company’s Health Care Plan With an EBHRA](https://www.cgteam.com/supplementing-your-companys-health-care-plan-with-an-ebhra/) - Are you looking for a way to give your health care benefits a competitive edge? Learn more from Cg Tax, Audit & Advisory. - [Like Every Business, a Start-Up Needs a Sensible Budget](https://www.cgteam.com/like-every-business-a-start-up-needs-a-sensible-budget/) - Are you thinking about launching a start-up? Or do you just want to get back to the basics of good budgeting? Here’s a look at the foundation of a solid budget from the Cg Team. - [2022 Renewable Electricity Production Credit Amounts](https://www.cgteam.com/2022-renewable-electricity-production-credit-amounts/) - The IRS has provided new 2022 Renewable Electricity Production Credit amounts for qualified facilities. Contact the Cg Team for more information. - [How Should Your Marketing Strategy Change Next Year?](https://www.cgteam.com/how-should-your-marketing-strategy-change-next-year/) - In 2023, your company will need a marketing strategy to address the economic challenges facing businesses and customers alike. Read more from Cg. - [What Do the 2023 Cost-of-Living Adjustment Numbers Mean for You?](https://www.cgteam.com/what-do-the-2023-cost-of-living-adjustment-numbers-mean-for-you/) - Don’t forget to factor 2023 cost-of-living adjustments into your year-end tax planning. Reach out to Cg Tax, Audit & Advisory for help. - [What the Updated Tax Gap Estimate Means for Compliance](https://www.cgteam.com/what-the-updated-tax-gap-estimate-means-for-compliance/) - The updated IRS tax gap estimates have risen since last year. Learn about the implications and how it will affect compliance from Cg Tax, Audit and Advisory. - [Manageable Growth Should be a Strategic Planning Focus](https://www.cgteam.com/manageable-growth-should-be-a-strategic-planning-focus/) - If significant growth is part of your company’s strategic plan for the coming year, be careful. Growing a business too quickly can lead to serious financial problems. Learn more from Cg Tax, Audit & Advisory. - [Beware Shady ERC Advice](https://www.cgteam.com/beware-shady-erc-advice/) - The IRS is warning about shady third parties advising businesses to claim the Employee Retention Credit, even when they don’t qualify. Contact Cg with questions. - [Check Tax Withholding!](https://www.cgteam.com/check-tax-withholding/) - With the end of the year just several weeks away are you sure you’re having the right amount of tax withheld? Learn more from the Cg Team. - [Changes to AMT](https://www.cgteam.com/changes-to-amt/) - Among the 2023 inflation adjustments just issued by the IRS are several that affect many higher-income taxpayers, including changes to the Alternative Minimum Tax. Reach out to the Cg Team for more information. - [Marketing for Your Small Business in Summer 2022](https://www.cgteam.com/3-summertime-marketing-ideas-for-2022/) - Summer is here, along with many seasonal marketing opportunities. Learn more about what strategies could benefit your business from Cg Tax, Audit & Advisory. - [Small Business Expenses](https://www.cgteam.com/small-business-expenses/) - Small businesses may be able to deduct the costs involved in bringing in new customers and keeping existing ones. Contact Cg with questions. - [2023 Inflation Adjustments](https://www.cgteam.com/2023-inflation-adjustments/) - The IRS has just released its 2023 inflation adjustments for many tax provisions. Learn more from Cg Tax, Audit & Advisory - [M&A on the Way? Consider a QOE Report](https://www.cgteam.com/ma-on-the-way-consider-a-qoe-report/) - Identifying and executing the right M&A deal means gathering the right information at the right time. A quality of earnings report can be a strong addition to your due diligence documentation. Learn more from Cg Tax, Audit & Advisory. - [Inflation Reduction Act Expands Deductions for Energy-Efficient Construction](https://www.cgteam.com/inflation-reduction-act-expands-deductions-for-energy-efficient-construction/) - Can you benefit from the Inflation Reduction Act’s expansion of two tax incentives for energy-efficient construction of commercial and residential buildings? Contact Cg Tax, Audit & Advisory for more information. - [Potential RMD Relief for Certain Taxpayers](https://www.cgteam.com/potential-rmd-relief-for-certain-taxpayers/) - The IRS is providing relief for taxpayers who didn’t take certain required minimum distributions from inherited IRAs and other plans. Learn more from Cg. - [Social Security Cost of Living Adjustments for 2023](https://www.cgteam.com/2023-social-security-benefits-increase/) - Due to current high inflation rates, Social Security benefits will increase by 8.7% for 2023. Reach out to the Cg Team with questions. - [Upcoming Deadline for Quarterly Payroll Tax Return](https://www.cgteam.com/upcoming-deadline-for-quarterly-payroll-tax-return/) - Employers: The next quarterly payroll tax return is due Nov. 1. The IRS is urging employers to file the returns electronically. Reach out to the Cg Team for more information. - [IRS Urges Employers to E-File Payroll Tax Returns](https://www.cgteam.com/irs-urges-employers-to-e-file-payroll-tax-returns/) - The IRS is urging employers to e-file payroll tax returns. Contact the Cg Team for more information. - [Business Owners Can Electronically File Payroll Tax Returns](https://www.cgteam.com/business-owners-can-electronically-file-payroll-tax-returns/) - The IRS is reminding business owners of the option to electronically file their payroll tax returns and make tax payments. Contact Cg for more information. - [Need Another PPP Loan for Your Small Business? Here Are the New Rules](https://www.cgteam.com/need-another-ppp-loan-for-your-small-business-here-are-the-new-rules/) - Could your small business use another cash infusion from the Paycheck Protection Program? The new COVID-19 relief law makes this a distinct possibility if you qualify. Contact Cg for help. - [The Small Business Administration Launches the Paycheck Protection Program](https://www.cgteam.com/the-small-business-administration-launches-the-paycheck-protection-program/) - Information on the Small Business Administration's Paycheck Protection Program. Contact Cg Tax, Audit & Advisory to learn more. - [FBAR Extension Deadline Oct. 17, 2022](https://www.cgteam.com/fbar-extension-deadline-oct-17-2022/) - The IRS is reminding certain individuals and entities that the extension deadline to file an annual Report of Foreign Bank and Financial Account is Oct. 17, 2022. Contact Cg with questions. - [Inflation Reduction Act Expands Valuable R&D Payroll Tax Credit](https://www.cgteam.com/inflation-reduction-act-expands-valuable-rd-payroll-tax-credit/) - The Inflation Reduction Act expands the R&D payroll tax credit for eligible small businesses for tax years beginning after Dec. 31, 2022. Learn more about what’s new and what requirements must be met to qualify from the Cg Team. - [The IRS Extends the Deadline for Retirement Plan Amendments](https://www.cgteam.com/the-irs-extends-the-deadline-for-retirement-plan-amendments/) - The IRS has just extended the deadline for the retirement plan amendments. Contact Cg Tax, Audit & Advisory with any questions. - [Taxpayers Should be on the Lookout for "Smishing" Scams](https://www.cgteam.com/taxpayers-should-be-on-the-lookout-for-smishing-scams/) - Taxpayers need to be aware of the more common "smishing" scams. Contact Cg Tax, Audit & Advisory with any questions. - [Tax Relief for Florida Residents and Businesses](https://www.cgteam.com/tax-relief-for-florida-residents-and-businesses/) - IRS announces tax relief for Floridians due to Hurricane Ian. Contact Cg Tax, Audit & Advisory with any questions. - [The IRS Announces New Per Diem Rates for 2022-2023](https://www.cgteam.com/the-irs-announces-new-per-diem-rates-for-2022-2023/) - The IRS has just announced the new per diem rates for 2022-2023. Contact Cg Tax, Audit & Advisory with any questions. - [Six Strategies for Fraud Prevention in Your Business](https://www.cgteam.com/six-strategies-for-fraud-prevention-in-your-business/) - Employee fraud happens every day. These strategies can help you learn how to prevent fraud in your business with CG Tax, Audit & Advisory today. - [New Qualifications for R&D Tax Credit Eligibility](https://www.cgteam.com/new-qualifications-for-rd-tax-credit-eligibility/) - Certain "unfunded activities" performed by contractors can be eligible for the R&D tax credit. Contact Cg Tax, Audit & Advisory to learn more. - [Growth Mode: Understanding The Value of a Financial Consultant For Your Business](https://www.cgteam.com/growth-mode-understanding-the-value-of-a-financial-consultant-for-your-business/) - A financial consulting firm can help your business improve efficiency, maximize profits, and set you up for continued success. Contact Cg for more information. - [Cg Named 2022 Top 400 Firm by INSIDE Public Accounting](https://www.cgteam.com/cg-tax-audit-advisory-named-2022-top-400-firm-by-inside-public-accounting/) - Once again, Cg Tax, Audit & Advisory has been named a 2022 Top 400 Firm by INSIDE Public Accounting. Contact Cg to learn more. - [Qualifications for Electric Vehicle Tax Credits are Changing](https://www.cgteam.com/qualifications-for-electric-vehicle-tax-credits-are-changing/) - The IRA rules are changing the qualifications for EV tax credits. Contact Cg Tax, Audit & Advisory with questions. - [Cryptocurrency Exchanges May be Taxable](https://www.cgteam.com/cryptocurrency-exchanges-may-be-taxable/) - In certain situations when cryptocurrency is used as payment, taxpayers may be subject to be Contact Cg Tax, Audit & Advisory to learn more. - [Make Marketing Better With a Brand Audit](https://www.cgteam.com/make-marketing-better-with-a-brand-audit/) - Many businesses have a general idea of how strong their brands are, but they’re a little light on specifics. Conducting a brand audit can reveal key insights. Contact Cg to get started. - [October 17 Tax Extension Deadline Fast Approaching](https://www.cgteam.com/oct-17-tax-extension-deadline-fast-approaching/) - If you requested an extension from the IRS to file your 2021 tax return, the Oct. 17 deadline is coming up soon. Contact Cg Tax, Audit & Advisory for help. - [Letters From the IRS](https://www.cgteam.com/letters-from-the-irs/) - The IRS mails a letter or notice if the agency needs to ask a question about your tax return, notify you about a change to your account, or request a payment. Contact Cg to learn more. - [Want to See Into the Future? Delve Deeper Into Forecasting](https://www.cgteam.com/want-to-see-into-the-future-delve-deeper-into-forecasting/) - If your business wants to see what’s ahead, historical data and expert opinion can help paint the picture. That’s financial forecasting in action. Contact Cg to get started. - [Evaluating an ESOP From a Succession Planning Perspective](https://www.cgteam.com/evaluating-an-esop-from-a-succession-planning-perspective/) - Business owners: If combining an employee retirement plan with a succession planning vehicle intrigues you, check out an ESOP. Learn more from the Cg Team. - [Stock Buyback Programs Potentially Affected by IRA](https://www.cgteam.com/stock-buyback-programs-potentially-affected-by-ira/) - The new Inflation Reduction Act imposes a 1% excise tax on stock repurchases. But only some buyback programs will be affected. Contact Cg Tax, Audit & Advisory to learn more. - [Clean Vehicle Credit Comes With Caveats](https://www.cgteam.com/clean-vehicle-credit-comes-with-caveats/) - The Inflation Reduction Act’s Clean Vehicle Credit might alter the timing of purchasing a new or used qualifying electric vehicle. \Contact Cg with questions. - [Education Expenses May Qualify for a Tax Credit](https://www.cgteam.com/education-expenses-may-qualify-for-a-tax-credit/) - Higher education is expensive, but taxpayers who take post-high school coursework in 2022 (or who have dependents taking such coursework) may qualify for one of two tax credits that can reduce their tax bills. Contact Cg to learn more. - [IRS Offers Penalty Relief for 2019, 2020 Tax Years](https://www.cgteam.com/irs-offers-penalty-relief-for-2019-2020-tax-years/) - The IRS is providing broad-based penalty relief to most taxpayers who filed certain 2019 and/or 2020 tax returns late due to the COVID-19 pandemic. Reach out to the Cg Team for more information. - [Inflation Reduction Act Home Energy Improvement Tax Credits](https://www.cgteam.com/inflation-reduction-act-home-energy-improvement-tax-credits/) - The Inflation Reduction Act (IRA) also includes many new or revised home energy improvement related tax credits. Contact the Cg Team with questions. - [Potential Pandemic-Related Tax Penalty Relief](https://www.cgteam.com/potential-pandemic-related-tax-penalty-relief/) - The IRS is providing broad-based penalty relief to most taxpayers who filed certain 2019 and/or 2020 tax returns late due to the COVID-19 pandemic. Contact Cg Tax, Audit & Advisory for more information. - [Key Aspects of a Successful Wellness Program](https://www.cgteam.com/key-aspects-of-a-successful-wellness-program/) - Implementing wellness programs is not an easy task. Learn how to create a successful wellness program from Cg Tax, Audit & Advisory. - [The New Student Loan Debt Relief Plan](https://www.cgteam.com/the-new-student-loan-debt-relief-plan/) - President Biden just signed a new student loan debt relief plan. Learn more from Cg Tax, Audit & Advisory. - [Crowdfunding Income Could be Taxable](https://www.cgteam.com/correspondence-with-the-irs-isnt-always-bad-2/) - Crowdfunding is a popular way to raise money for your business, but is it taxable? Learn if so from Cg Tax, Audit & Advisory. - [Interest Rates to Rise for IRS Penalties](https://www.cgteam.com/interest-rates-to-rise-for-irs-penalties/) - Interest rates for IRS tax penalties to rise in the fourth quarter of 2022. Learn more from Cg Tax, Audit & Advisory. - [Business Owners: Keep Thorough Tax Records For Deduction Purposes](https://www.cgteam.com/business-owners-keep-thorough-tax-records-for-deduction-purposes/) - Business owners are allowed to deduct business related expenses, but they must be relevant and contemporaneous. Learn more from Cg Tax, Audit & Advisory. - [New IRS Authentication Platform For Nonprofits](https://www.cgteam.com/new-irs-authentication-platform-for-nonprofits/) - Nonprofits and tax exempt organizations will have to use a new IRS authentication process. Learn more from Cg Tax, Audit & Advisory. - [Correspondence with the IRS Isn't Always Bad](https://www.cgteam.com/correspondence-with-the-irs-isnt-always-bad/) - Contact from the IRS can be scary, but isn't always bad. Learn how from Cg Tax, Audit & Advisory. - [The Inflation Reduction Act Includes Wide-Ranging Tax Provisions](https://www.cgteam.com/the-inflation-reduction-act-includes-wide-ranging-tax-provisions/) - The Inflation Reduction Act is about to become law. Learn how its tax provisions might affect you from Cg Tax, Audit & Advisory. - [CHIPS Act Poised to Boost U.S. Businesses](https://www.cgteam.com/chips-act-poised-to-boost-u-s-businesses/) - The recently signed CHIPS Act provides incentives for domestic U.S. businesses to produce semiconductor chips. Learn more from Cg Tax, Audit & Advisory. - [Taxpayers: Be Aware of Potential Charity Fraud After Disasters](https://www.cgteam.com/taxpayers-be-aware-of-potential-charity-fraud-after-disasters/) - Taxpayers should be aware of the risk of fraud when donating to charity after a disaster strikes. Learn how to protect yourself from Cg Tax, Audit & Advisory. - [Provide Employee Parking? Here’s What the IRS Wants to Know](https://www.cgteam.com/provide-employee-parking-heres-what-the-irs-wants-to-know/) - Providing parking to employees as a fringe benefit, could be scrutinized during an audit. Learn more details from Cg Tax, Audit & Advisory. - [Accounting Firm in NJ Featured in Local Asbury Park Press](https://www.cgteam.com/cg-accounting-firm-grows-by-being-much-more-than-number-crunchers/) - New Jersey's premier accounting firm, Cg Tax, Audit & Advisory, grew by more than just crunching numbers. Read about their success with 2 NJ firm locations. - [6 Steps to Easing Employees’ Fears About Innovation](https://www.cgteam.com/6-steps-to-easing-employees-fears-about-innovation/) - Innovation in your business, might face employee resistance. Learn how to ease their fears from Cg Tax, Audit & Advisory. - [New Legislation has Extended IRS Deadlines for Retirement Plans](https://www.cgteam.com/new-legislation-has-extended-irs-deadlines-for-retirement-plans/) - The IRS has extended deadlines for certain retirement plans. Learn about how this affects your plan from Cg Tax, Audit & Advisory. - [An August 31st Deadline for Truck Owners is Approaching](https://www.cgteam.com/an-august-31st-deadline-for-truck-owners-is-approaching/) - The deadline for heavyweight truck owner's to file their IRS Form 2990 is quickly approaching . Learn more about what to include on this form from Cg Tax, Audit & Advisory. - [Hobby or Business: Which Should You File Under?](https://www.cgteam.com/hobby-or-business-which-should-you-file-under/) - Wondering whether or not your side income is labeled as a business or hobby? Contact Cg Tax, Audit & Advisory for help. - [How to Identify IRS Scam Calls](https://www.cgteam.com/how-to-identify-irs-scam-calls/) - Many taxpayers are scared to be contacted by the IRS which makes them more susceptible to scam calls. Learn more from Cg Tax, Audit & Advisory on how to identify a real IRS call. - [Reminder: October 17 Tax Return Extension Deadline](https://www.cgteam.com/reminder-october-17-tax-return-extension-deadline/) - If you’re one of the estimated 19 million taxpayers who’ve requested an extension to file their 2021 tax return, the filing deadline is Oct. 17. Contact Cg Tax, Audit & Advisory for help. - [Students & Schools: Watch Out for IRS Impersonation Scam](https://www.cgteam.com/students-schools-watch-out-for-irs-impersonation-scam/) - Students and staff at educational institutions, beware. An IRS impersonation scam continues to target schools, including people with “.edu” email addresses. Questions? Contact the Cg Team. - [Businesses: Act Now to Make the Most out of Bonus Depreciation](https://www.cgteam.com/businesses-act-now-to-make-the-most-out-of-bonus-depreciation/) - Potential bonus depreciation for taxpayers has been boosted by the TCJA. Contact Cg Tax, Audit & Advisory to see how the bonuses will affect your business. - [Weathering the Storm of Rising Inflation](https://www.cgteam.com/weathering-the-storm-of-rising-inflation/) - Inflation is something affecting all businesses. Learn what to focus on from Cg Tax, Audit & Advisory. - [Gradual Phaseout of Toyota's EV Tax Credits](https://www.cgteam.com/gradual-phaseout-of-toyotas-ev-tax-incentives/) - Toyota has sold enough electric vehicles to phaseout their tax incentives. Contact Cg Tax, Audit & Advisory to learn more about the phaseout. - [IRS & Federal Trade Commission Webinar](https://www.cgteam.com/irs-federal-trade-commission-webinar/) - The IRS and Federal Trade Commission are inviting all taxpayers to a free 60-minute webinar, “Scams, Tax-Related Identity Theft and Identity Protection PIN” on July 20 at 2:00 pm EST. - [IRS Extends Relief For Physical Presence Signature Requirement](https://www.cgteam.com/irs-extends-relief-for-physical-presence-signature-requirement/) - Physical presence signature relief provides good news for business offering 401k plans. Learn more about how it works from Cg Tax, Audit & Advisory. - [Tax Incentives for Owning Residential Estates](https://www.cgteam.com/tax-incentives-for-owning-residential-estates/) - There are new incentives for owning residential real estate. Contact Cg Tax, Audit & Advisory to learn more about your eligibility. - [Donations to Qualified Nonprofits May Result in a Tax Deduction](https://www.cgteam.com/donations-to-qualified-nonprofits-may-result-in-a-tax-deduction/) - When your business donates property to certain nonprofits, you may qualify to a tax deduction. Contact Cg Tax, Audit & Advisory to learn more. - [Elective Surgeries & Invasive Procedures in NJ to Resume on May 26](https://www.cgteam.com/elective-surgeries-invasive-procedures-in-nj-to-resume-on-may-26/) - NJ Governor Phil Murphy recently signed Executive Order No. 145 allowing elective surgeries and invasive procedures (both medical and dental) to resume on Tuesday, May 26, 2020 at 5:00 am. Contact Cg Tax, Audit & Advisory for more information. - [NJEDA Small Business Emergency Assistance Loan Program](https://www.cgteam.com/njeda-small-business-emergency-assistance-loan-program/) - New Jersey Economic Development Authority offers Small Business Emergency Assistance Loan Program. Contact Cg Tax, Audit & Advisory for more information. - [Prepare Ahead of Time For NJEDA Small Business Emergency Assistance Loan Program](https://www.cgteam.com/prepare-ahead-of-time-for-njeda-small-business-emergency-assistance-loan-program/) - Prepare ahead of time for the New Jersey Economic Development Authority's Small Business Emergency Assistance Loan Program. Contact Cg Tax, Audit & Advisory for more information. - [How Can Your Business Benefit From the Consolidated Appropriations Act?](https://www.cgteam.com/how-can-your-business-benefit-from-the-consolidated-appropriations-act/) - Learn how provisions of the new Consolidated Appropriations Act can benefit you and your loved ones. Contact Cg Tax, Audit & Advisory with questions. - [Is Your Cloud Provider Still Meeting Your Company’s Needs?](https://www.cgteam.com/is-your-cloud-provider-still-meeting-your-companys-needs/) - Cloud services are often forgotten once in place and rarely revisited. Learn what features work best for your business from Cg Tax, Audit & Advisory. - [Applications for NJEDA Phase 2 Grant Open June 9](https://www.cgteam.com/applications-for-njeda-phase-2-grant-open-june-9/) - Applications for the New Jersey Economic Development Authority's expanded Small Business Emergency Assistance Grant Program will be available at 9:00 am on June 9, 2020. Contact Cg Tax, Audit & Advisory with questions. - [Child Tax Credit & Other Dependents](https://www.cgteam.com/child-tax-credit-other-dependents/) - Taxpayers with children may qualify to claim the child credit. But your child must meet certain requirements, including being under the age of 17. Contact the Cg Team for more information. - [Update on Forms W-4](https://www.cgteam.com/update-on-forms-w-4/) - The IRS is informing employees that they can use Forms W-4 printed before Dec. 31, 2019, even though those forms list the now out-of-date 10%-of-AGI medical expense deduction. Contact Cg Tax, Audit & Advisory to learn more. - [Returns for Divorced or Separated Individuals](https://www.cgteam.com/returns-for-divorced-or-separated-individuals/) - If you’re getting divorced, you have one more thing to think about: taxes. When you receive a final divorce decree, update your withholding by filing a new W-4 with your employer. Contact Cg for more information. - [New Bill Could Double the Research and Development Credit](https://www.cgteam.com/new-bill-could-double-the-research-and-development-credit/) - Research and development credits could double with a new proposed bill. Contact Cg Tax, Audit & Advisory to learn more. - [It's Not Too Late to Start Keeping Tax Records](https://www.cgteam.com/its-not-too-late-to-start-keeping-tax-records/) - Keeping detailed tax records is important for tax deduction eligibility. Contact Cg Tax, Audit & Advisory to learn more. - [Cg Named One of New Jersey’s 2022 Best Places to Work](https://www.cgteam.com/cg-tax-audit-advisory-named-one-of-new-jerseys-2022-best-places-to-work/) - Once again, Cg Tax, Audit & Advisory has been named one of New Jersey’s Best Places to Work. Contact Cg to learn more. - [New Tax Implications to Pay Attention to This Summer](https://www.cgteam.com/new-tax-implications-to-pay-attention-to-this-summer/) - There are new tax implications to pay attention to this summer that may affect you and your family. Contact Cg Tax, Audit & Advisory to learn more. - [There Are New Changes to Divorce Tax Filings](https://www.cgteam.com/there-are-new-changes-to-divorce-tax-filings/) - Divorce or legal separations must file taxes with a new form from the IRS. Contact Cg Tax, Audit & Advisory to learn more. - [Secure Act Merged and Renamed By Senate](https://www.cgteam.com/secure-act-merged-and-renamed-by-senate/) - The Secure Act is now named the Enhancing American Retirement Now (EARN) Act and is being merged with another bill. Learn more from Cg Tax, Audit & Advisory - [Reporting and Fighting Against IRS Scam Callers](https://www.cgteam.com/reporting-and-fighting-against-irs-scam-callers/) - Taxpayers can now report information on scammers impersonating the IRS claiming they owe money. Contact Cg Tax, Audit & Advisory to learn more. - [Checking in on Your Accounts Payable Processes](https://www.cgteam.com/checking-in-on-your-accounts-payable-processes/) - Accounts payable is a critical part of any business, but is often forgotten. Learn how to best manage your accounts from Cg Tax, Audit & Advisory. - [Simple Ways to Make Strategic Planning a Reality](https://www.cgteam.com/simple-ways-to-make-strategic-planning-a-reality/) - Strategic planning can seem like a daunting task for many business owners. Cg Tax, Audit & Advisory can help you learn what is best for your business. - [Dodge the Tumult with a Buy-Sell Agreement](https://www.cgteam.com/dodge-the-tumult-with-a-buy-sell-agreement/) - Buy-sell agreements can be complicated and have a variety of tax implications. Learn more about those implications from Cg Tax, Audit & Advisory. - [Standard Business Mileage Rate Will Increase for the Second Half of 2022](https://www.cgteam.com/standard-business-mileage-rate-will-increase-for-the-second-half-of-2022/) - Because of the soaring price of gasoline, the IRS has increased the standard mileage rate for qualified business driving for the second half of 2022 from 58.5 cents per mile to 62.5 cents per mile. Contact Cg Tax, Audit & Advisory for more information. - [The IRS Cautions Taxpayers About Repayment Scam](https://www.cgteam.com/the-irs-cautions-taxpayers-about-repayment-scam/) - Taxpayers with unsettled tax debt are at risk for being scammed by exploitative offer in compromise (OIC) companies. Contact Cg Tax, Audit & Advisory to learn more. - [Supply Chain Software Can Help Digitize the Dilemma](https://www.cgteam.com/investing-in-supply-chain-management-software/) - The COVID-19 pandemic has strained supply chains both globally and nationally. Supply chain management software can help mitigate this dilemma for many businesses. Learn more from Cg Tax, Audit & Advisory. - [For Tax Extensions, File As Early As Possible](https://www.cgteam.com/for-tax-extensions-file-as-early-as-possible/) - If you’ve requested for a tax filing extension, the IRS is encouraging you to e-file your 2021 return as early as possible. Reach out to Cg Tax, Audit & Advisory for more information. - [More Electric Vehicles Eligible for Federal Tax Credit](https://www.cgteam.com/more-electric-vehicles-eligible-for-federal-tax-credit/) - The IRS has added more electric vehicles to its list of those eligible for a federal tax credit. Contact Cg with questions. - [The Many Uses of a SWOT Analysis](https://www.cgteam.com/the-many-uses-of-a-swot-analysis/) - Whether your business is striving to hold steady or gain ground this year, a SWOT analysis can provide valuable insights. Contact Cg for more information. - [5 Ways to Control Your Start Up Business Insurance Costs](https://www.cgteam.com/5-ways-to-control-your-start-up-business-insurance-costs/) - Is your business paying too much for insurance? Here are five cost-cutting tips. Contact Cg Tax, Audit & Advisory to learn how to reduce business insurance costs. - [IRS Tax Reminders for Newly Weds](https://www.cgteam.com/irs-tax-reminders-for-newly-weds/) - It's wedding season and the IRS wants to remind you of a few important steps. Contact Cg Tax, Audit & Advisory to learn more. - [Proposed Regulations for Inherited IRAs Bring Unwelcome Surprises](https://www.cgteam.com/proposed-regulations-for-inherited-iras-bring-unwelcome-surprises/) - The SECURE Act nixed the “stretch IRA” and replaced it with a new 10-year rule on inherited IRAs. However, subsequent IRS guidance has created confusion about when certain beneficiaries must begin taking distributions. Learn more from Cg. - [June 15 Due Date for Second-Quarter Estimated Taxes](https://www.cgteam.com/june-15-due-date-for-second-quarter-estimated-taxes/) - If you pay quarterly estimated taxes, circle this date on your calendar: June 15. Contact the Cg Team with questions. - [Tighten Up Billing and Collections to Mitigate Economic Uncertainties](https://www.cgteam.com/tighten-up-billing-and-collections-to-mitigate-economic-uncertainties/) - Business owners, are you worried about the U.S. economy? Tightening up billing and collections processes could help ease your mind. Learn more from Cg Tax, Audit & Advisory. - [No Parking: Unused Compensation Reductions Can’t Go To Health FSA](https://www.cgteam.com/no-parking-unused-compensation-reductions-cant-go-to-health-fsa/) - Your business might face some tough questions about fringe benefits because of the pandemic. Case in point: the IRS recently addressed whether unused compensation reductions for parking could be transferred to a health FSA. Learn more from Cg Tax, Audit & Advisory. - [Succession and Estate Planning: Family Business Owners Must Weave Them Together](https://www.cgteam.com/family-business-owners-must-weave-together-succession-and-estate-planning/) - Family-owned businesses must integrate their succession plan with their estate plan. The Estate Tax Accountants at Cg can help. Call us today at 732-676-4100. - [How to Ensure Life Insurance Isn’t Part of Your Taxable Estate](https://www.cgteam.com/how-to-ensure-life-insurance-isnt-part-of-your-taxable-estate/) - Life insurance benefits can help loved ones after your death. But you may want to keep proceeds from a policy out of your taxable estate. Here are some considerations. Contact Cg for assistance. - [After Tax Day: Take These Action Steps](https://www.cgteam.com/after-tax-day-take-these-action-steps/) - With the April tax filing deadline in the rear view, now is the time to take certain tax-related action steps in preparation for next year. Cg Tax, Audit & Advisory can help. - [Why It’s Important to Plan for Income Taxes as Part of Your Estate Plan](https://www.cgteam.com/why-its-important-to-plan-for-income-taxes-as-part-of-your-estate-plan/) - With the federal estate tax exemption so large, you may not be worried about estate taxes anymore. But it’s a good time to focus on saving income taxes for your heirs. Contact Cg for further information. - [2021 Federal Gift and Estate Tax Exemption](https://www.cgteam.com/2021-federal-gift-and-estate-tax-exemption/) - The 2021 federal gift and estate tax exemption will be increasing by $120,000 to $11,700,000. The amount currently is $11,580,000. Reach out to Cg Tax, Audit & Advisory for more information. - [J5 Issues Bulletin on NFT Taxpayer Best Practices](https://www.cgteam.com/j5-nft-taxpayer-best-practices/) - The Joint Chiefs of Global Tax Enforcement has issued a bulletin containing best practices for taxpayers who’ve purchased, or are planning to purchase, non-fungible tokens. Reach out to Cg Tax, Audit & Advisory to learn more. - [HSA 2023 Contribution Amounts](https://www.cgteam.com/hsa-2023-contribution-amounts/) - The IRS annually adjusts Health Savings Accounts and High-Deductible Health Plan amounts based on inflation. Here are the figures for 2023. Contact the Cg Team for more information. - [Defined Benefit Plan Rates & Tables](https://www.cgteam.com/defined-benefit-plan-rates-tables/) - If your company offers employees a single-employer defined benefit plan, take note: In Notice 2022-22, the IRS has released 2023 mortality improvement rates and static mortality tables. Contact Cg with questions. - [May 16 Deadline for Nonprofits](https://www.cgteam.com/may-16-deadline-for-nonprofits/) - Most tax-exempt organizations must file certain 2021 returns with the IRS by May 16, 2022. Contact Cg to learn more. - [ERC Penalty Relief Available to Certain Businesses](https://www.cgteam.com/erc-penalty-relief-available-to-certain-businesses/) - Relief is available to businesses if they owe penalties for additional income tax due to retroactive employee retention credit claims. Contact Cg Tax, Audit & Advisory to learn more. - [Businesses Looking for Outside Investors Need a Sturdy Pitch Deck](https://www.cgteam.com/businesses-looking-for-outside-investors-need-a-sturdy-pitch-deck/) - Many businesses start out needing outside investors or reach a point where external funding is necessary. If you can relate, here are some tips on creating a dazzling “pitch deck.” The Cg Team can help you get started. - [October 17 Extension Deadline](https://www.cgteam.com/october-17-extension-deadline/) - For taxpayers who’ve filed for an extension, highlight this date on your calendar: Monday, Oct. 17. That’s the new deadline to file your tax return with the IRS. Contact the Cg Team to learn more. - [New Info for Energy Production Credits](https://www.cgteam.com/new-info-for-energy-production-credits/) - The IRS has just published new inflation adjustment factors and reference prices for determining Code Sec. 45 energy production credits. Contact Cg to learn more. - [Adjust Withholding to Current Financial Situation](https://www.cgteam.com/adjust-withholding-to-current-financial-situation/) - Your withholding adjustments might be misaligned with your current financial situation. The IRS’s online Tax Withholding Estimator can help taxpayers ensure that they’re having the right amount of tax taken out of their pay. Contact Cg Tax, Audit & Advisory to learn more. - [Congress Eyes Further Retirement Savings Enhancements](https://www.cgteam.com/congress-eyes-further-retirement-savings-enhancements/) - SECURE 2.0 passed the U.S. House with strong bipartisan support. While the Senate is working on its own bill, learn about the provisions of the House’s version. Contact Cg with questions. - [Facts About IRS Communication](https://www.cgteam.com/facts-about-irs-communication/) - During this busy tax season, the IRS is reminding individuals how it will and, more importantly, won’t contact taxpayers. Reach out to the Cg Team with questions. - [403(b) Accounts](https://www.cgteam.com/403b-accounts/) - For some employees, 403(b) accounts are their main retirement saving vehicles. Contact Cg Tax, Audit & Advisory to learn more. - [Estimated Tax Payments Due Soon](https://www.cgteam.com/estimated-tax-payments-due-soon/) - The due date for the first estimated tax payment for 2022 is rolling up fast. April 18 is the deadline to pay the first installment of 2022 estimated taxes, as well as the deadline to file your 2021 individual tax return. Contact the Cg Team with questions. - [Employees of Family-Owned Businesses May Not Be Eligible for the ERC](https://www.cgteam.com/employees-of-family-owned-businesses-may-not-be-eligible-for-the-erc/) - Employees of family-owned businesses may not be eligible for the Employee Retention Credit. Reach out to Cg to learn more. - [Tax Deduction for Teachers & Educators](https://www.cgteam.com/tax-deduction-for-teachers-educators/) - For 2022, eligible teachers and other educators can deduct up to $300 of out-of-pocket classroom expenses. Contact the Cg Team for more information. - [AI for Small to Midsize Businesses Isn’t Going Away](https://www.cgteam.com/ai-for-small-to-midsize-businesses-isnt-going-away/) - As your small to midsize business grows, you’ll likely find artificial intelligence useful or even essential. Here’s a quick refresher on what this technology offers. Contact Cg for help. - [IRS Proposed Changes to Affordable Care Act Family Coverage & Affordability Rules](https://www.cgteam.com/irs-proposed-changes-to-affordable-care-act-family-coverage-affordability-rules/) - The IRS has proposed changes to the Affordable Care Act’s family coverage and affordability rules. Reach out to Cg with questions. - [FBAR Deadline Approaching](https://www.cgteam.com/fbar-deadline-approaching/) - If your assets include foreign bank and financial accounts, you must annually file a Report of Foreign Bank and Financial Account (FBAR). Contact Cg Tax, Audit & Advisory for more information. - [Tax Withholding Myth](https://www.cgteam.com/tax-withholding-myth/) - One common myth is that if you get a refund this year, there’s no need to adjust your withholding for 2022. That may not be true if you want to avoid surprises next year. Contact the Cg Team to learn more. - [April 1 RMD Deadline for Certain Retirement Accounts](https://www.cgteam.com/april-1-rmd-deadline-for-certain-retirement-accounts/) - Time’s nearly up for some retirees to take a required minimum distribution from certain retirement accounts, to avoid harsh penalties. Contact Cg for help calculating your RMD. - [ERISA and EAPs: What’s the Deal?](https://www.cgteam.com/erisa-and-eaps-whats-the-deal/) - Is your business thinking about establishing an employee assistance program? If so, be sure to consider the ERISA implications. Reach out to Cg Tax, Audit & Advisory for help. - [SECURE 2.0 Updates](https://www.cgteam.com/secure-2-0-updates/) - Updates on the Securing a Strong Retirement Act, a bipartisan bill intended to increase retirement savings and simplify retirement plan rules. Questions? Contact the Cg Team. - [Taxing Cryptocurrency & NFTs](https://www.cgteam.com/taxing-cryptocurrency-nfts/) - Cryptocurrency and nonfungible tokens (NFTs) are far from interchangeable from a tax perspective. Reach out to Cg for more information. - [Cg Recognized as 2022 Top Regional Leader by Accounting Today](https://www.cgteam.com/cg-tax-audit-advisory-recognized-as-2022-top-regional-leader-by-accounting-today/) - For the third consecutive year, Cg Tax, Audit & Advisory has been named one of Accounting Today’s ‘Top Regional Leaders’ for 2022 in the Mid-Atlantic Region. Contact Cg to learn more. - [Income Raised by Crowdfunding May Be Taxable](https://www.cgteam.com/income-raised-by-crowdfunding-may-be-taxable/) - Income raised by crowdfunding may be taxable. Reach out to Cg Tax, Audit & Advisory to learn more. - [IRS Employs New Technology](https://www.cgteam.com/irs-employs-new-technology/) - The next time you contact the IRS, your call or online text might be received by a voice or chat bot. Learn more. - [Employer-Provided CTC Benefits](https://www.cgteam.com/employer-provided-ctc-benefits/) - A recent Government Accountability Office report confirms that the Employer-Provided Child Tax Credit can financially benefit employers and employees. Contact Cg Tax, Audit & Advisory with questions. - [360-Degree Feedback Helps Business Owners See the Big Picture](https://www.cgteam.com/360-degree-feedback-helps-business-owners-see-the-big-picture/) - A 360-degree feedback program can provide perspective on team member performance. Reach out to Cg for more information. - [Passenger Vehicles](https://www.cgteam.com/passenger-vehicles/) - If your business buys or leases passenger vehicles in 2022, review the IRS’s recently updated depreciation deduction and income inclusion tables. Questions? Contact the Cg Team. - [Virtual Currency Question](https://www.cgteam.com/virtual-currency-question/) - At any time during 2021, did you receive, sell, exchange or otherwise dispose of any financial interest in any virtual currency? You must answer on your Form 1040 or Form 1040-SR. Cg Tax, Audit & Advisory can help. - [IRS Taxpayer Experience Office](https://www.cgteam.com/irs-taxpayer-experience-office/) - The IRS has established its first-ever Taxpayer Experience Office. Contact Cg for more information. - [IRS Mobile App Lets You Check the Status of Your Tax Refund](https://www.cgteam.com/irs-mobile-app-lets-you-check-the-status-of-your-tax-refund/) - To find out the status of your tax refund, download the IRS’s mobile app, IRS2GO. For questions, reach out to Cg Tax, Audit & Advisory. - [Tips Can Be Taxable](https://www.cgteam.com/tips-can-be-taxable/) - Like most income, tips in the service industry are taxable. Contact Cg to learn more. - [Earned Income From Gig Economy is Taxable](https://www.cgteam.com/earned-income-from-gig-economy-is-taxable/) - If you’ve earned income from the gig economy, the IRS is reminding you that those wages are taxable and must be reported. For more information, reach out to the Cg Team. - [Scam Alert: Unemployment Benefits](https://www.cgteam.com/scam-alert-unemployment-benefits/) - With tax season well underway, the IRS warns taxpayers to remain on guard when it comes to security. Be especially mindful, says the IRS, of scams involving unemployment benefits. For questions, contact Cg. - [The IRS Again Eases Schedules K-2 and K-3 Filing Requirements for 2021](https://www.cgteam.com/the-irs-again-eases-schedules-k-2-and-k-3-filing-requirements-for-2021/) - The IRS is providing penalty relief for certain pass-through entities required to file Schedules K-2 and K-3 for 2021. Contact Cg Tax, Audit & Advisory for more information. - [Potential Penalty Relief for Certain Pass-Through Entities](https://www.cgteam.com/potential-penalty-relief-for-certain-pass-through-entities/) - The IRS is providing penalty relief for certain pass-through entities required to file Schedules K-2 and K-3 for 2021. For questions, reach out to the Cg Team. - [IRS Identity Verification Update](https://www.cgteam.com/irs-identity-verification-update/) - If you want to register for an IRS Online Account, you’ll no longer be subjected to the use of biometric data, including facial recognition. According to the IRS, taxpayers now have the option of verifying their identity during live, virtual interviews with IRS agents. Contact Cg with questions. - [Take Advantage of Expanded Credits](https://www.cgteam.com/take-advantage-of-expanded-credits/) - The IRS is urging individuals to file a 2021 federal income tax return to take advantage of key tax benefits included in the American Rescue Plan Act and other legislation. Questions? Contact Cg Tax, Audit & Advisory. - [Retirement Plan Contributions](https://www.cgteam.com/retirement-plan-contributions/) - Contributing the annual maximum amount to your retirement plan is generally a good thing. Exceeding the max? Not so good. Contact the Cg Team to learn more. - [Portion of SS Benefits May Be Taxable](https://www.cgteam.com/portion-of-ss-benefits-may-be-taxable/) - If you’re new to receiving Social Security (SS) benefits, you may not know that a portion may be taxable. Learn more from Cg. - [IRS Reminds Taxpayers to Be Vigilant This Tax Season](https://www.cgteam.com/irs-reminds-taxpayers-to-be-vigilant-this-tax-season/) - Cybercrooks want your personal and financial data. You need to prevent them from getting it. That’s the message sent by the IRS when it reminded taxpayers to be vigilant this tax season. Contact the Cg Team with questions. - [2022 Deadlines for Reporting Health Care Coverage Information](https://www.cgteam.com/2022-deadlines-for-reporting-health-care-coverage-information/) - The Affordable Care Act requires businesses of a certain size to report information about their health care coverage to employees and the IRS by stated deadlines. Contact Cg Tax, Audit & Advisory for more information. - [IRS Updates CTC FAQs](https://www.cgteam.com/irs-updates-ctc-faqs/) - The IRS understands that many taxpayers remain confused about claiming the Child Tax Credit (CTC) for 2021. So it has updated its CTC and advance CTC FAQs. For questions, contact the Cg Team. - [America COMPETES Act](https://www.cgteam.com/america-competes-act/) - The U.S. House of Representatives passed the America COMPETES Act, which earmarks billions of dollars to domestic semiconductor research and manufacturing. But it also includes an important provision related to the health coverage tax credit. Contact Cg with questions. - [Crytocurrency & Taxation](https://www.cgteam.com/crytocurrency-taxation/) - Cryptocurrency isn’t new, but when it comes to taxation, there are still many unanswered questions. Contact Cg Tax, Audit & Advisory with questions. - [Beware Text Message Scam](https://www.cgteam.com/beware-text-message-scam/) - Scammers have been making aggressive phone calls posing as IRS agents in an attempt to steal money or personal information. But they’re also using text messages. For questions, contact Cg. - [New Tax Reporting Requirements for Payment Apps Could Affect You](https://www.cgteam.com/new-tax-reporting-requirements-for-payment-apps-could-affect-you/) - If you receive payments through services such as Venmo or PayPal, be aware that there are new tax reporting requirements beginning this year. Reach out to the Cg Team for help. - [2022 Tax Calendar](https://www.cgteam.com/2022-tax-calendar/) - To help you make sure you don’t miss any important 2022 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Contact Cg Tax, Audit & Advisory with questions. - [Potential Tax Credit for Dependents](https://www.cgteam.com/potential-tax-credit-for-dependents/) - Do you have a child age 17 or older or another dependent? You can’t claim the child credit for such an individual but you may qualify for the credit for other dependents. Reach out to Cg for more information. - [Recovery Rebate Credit](https://www.cgteam.com/recovery-rebate-credit-3/) - Taxpayers who didn’t receive their third Economic Impact Payment may be eligible to claim a 2021 Recovery Rebate Credit on their tax returns based on their 2021 tax year information. Learn more from Cg Tax, Audit & Advisory. - [Standard or Itemized Deductions?](https://www.cgteam.com/standard-or-itemized-deductions/) - Is it better to take the standard deduction or to itemize deductions? It depends on your situation. Questions? Contact the Cg Team. - [3 Specialized IT Leadership Positions for Growing Businesses](https://www.cgteam.com/3-specialized-it-leadership-positions-for-growing-businesses/) - Adding a new leadership role is a tall order for most businesses today, but the right technology professional could give your company a competitive edge. Contact Cg Tax, Audit & Advisory for three ideas to consider. - [IRS Tax Season Tips](https://www.cgteam.com/irs-tax-season-tips/) - It’s full speed ahead for tax season as the IRS began accepting returns on Jan. 24. Before we prepare your return, here are some reminders that could save time and trouble. Contact the Cg Team with questions. - [UWMOC Warmest Wishes Coat Drive a Huge Success!](https://www.cgteam.com/uwmoc-warmest-wishes-coat-drive-a-huge-success/) - #post_contentThe Cg Team donated to the United Way of Monmouth & Ocean Counties' Warmest Wishes Coat Drive where more than 3,000 local children received coats this year. - [Cg Named One of New Jersey’s Best Places to Work by NJBIZ](https://www.cgteam.com/cg-tax-audit-advisory-named-one-of-new-jerseys-best-places-to-work-by-njbiz/) - Cg Tax, Audit & Advisory announces its recognition as one of the Best Places to Work in New Jersey by NJBIZ. - [W-2 & W-3 Deadline](https://www.cgteam.com/w-2-w-3-deadline/) - The IRS has issued a timely reminder to employers: File Forms W-2 and W-3 with the Social Security Administration by Jan. 31. Contact Cg for assistance. - [ERC Advance Payment Delays](https://www.cgteam.com/erc-advance-payment-delays/) - Employers who are expecting advance payments of the Employee Retention Credit should expect delays, the IRS recently warned. Reach out to Cg for more information. - [Business Owners, Do You Need to Step Up Your Internal Communications Game?](https://www.cgteam.com/business-owners-do-you-need-to-step-up-your-internal-communications-game/) - Not every business owner can be a charismatic communicator to employees. But you’ve still got to put time and effort into effective internal communications, especially while the job market is so tight. Contact the Cg Team to learn more. - [Deadlines to Report Backup Withholding Approaching](https://www.cgteam.com/deadlines-to-report-backup-withholding-approaching/) - Two deadlines for reporting backup withholding are coming up. Contact the Cg Team with questions. - [IRS Sending Letters re: Advance CTC Payments](https://www.cgteam.com/irs-sending-letters-re-advance-ctc-payments/) - The IRS is mailing letters to taxpayers who received monthly advance Child Tax Credit payments in 2021. Contact Cg with questions. - [Avoid Tax Errors](https://www.cgteam.com/avoid-tax-errors/) - The IRS is reminding taxpayers that tax errors can be costly for small businesses. Contact the Cg Team to learn how to avoid mistakes. - [IRS Temporarily Allows Digital Signatures](https://www.cgteam.com/irs-temporarily-allows-digital-signatures/) - As part of its response to the COVID-19 pandemic, the IRS has taken steps to protect taxpayers by minimizing the need for in-person contact. Contact Cg for more information. - [Review Your Strategic Plan … and Look Ahead](https://www.cgteam.com/review-your-strategic-plan-and-look-ahead/) - Was your company’s strategic plan a smashing success in 2021? Look carefully at these three areas of the business to answer this question and develop objectives for 2022. Contact the Cg Team for help getting started. - [Fourth Quarter Estimated Tax Payments Deadline Approaching](https://www.cgteam.com/fourth-quarter-estimated-tax-payments-deadline-approaching/) - Estimated tax payments for the fourth quarter of 2021 are due on Jan. 18, 2022. Contact Cg Tax, Audit & Advisory with questions. - [A Few Days Left for Business Owners to Buy Tax-Deductible Supplies](https://www.cgteam.com/a-few-days-left-for-business-owners-to-buy-tax-deductible-supplies/) - Business owners: You still have a small handful of shopping days left to buy tax-deductible supplies. You can generally write off the ordinary and necessary costs of carrying on a trade or business. Contact Cg for more information. - [Looking for a 2022 Safety Net for Your Business? Act on EIDL Funding Before Year End](https://www.cgteam.com/looking-for-a-2022-safety-net-for-your-business-act-on-eidl-funding-before-year-end/) - [Important Tax Changes to Remember](https://www.cgteam.com/important-tax-changes-to-remember/) - Before the new year, the IRS reminds businesses of changes that may affect their taxes. Here’s a quick look at two. Contact Cg with questions. - [Could an FLP Fit Into Your Succession Plan?](https://www.cgteam.com/could-an-flp-fit-into-your-succession-plan/) - Are you a business owner? If so, consider whether and how a family limited partnership might play a central role in your succession plan. Cg Tax, Audit & Advisory can help. - [Advance CTC Payment Updates](https://www.cgteam.com/advance-ctc-payment-updates/) - Update on Advance Child Tax Credit payments. Reach out to Cg Tax, Audit & Advisory for more information. - [The 401(k) Contribution Limit Will Increase in 2022](https://www.cgteam.com/the-401k-contribution-limit-will-increase-in-2022/) - Employers: tell your 401(k) plan participants that their contribution limit will increase in 2022. Contact Cg Tax, Audit & Advisory for more information. - [With Year-end Approaching, 3 Ideas That May Help Cut Your Tax Bill](https://www.cgteam.com/with-year-end-approaching-3-ideas-that-may-help-cut-your-tax-bill/) - Before you know it, we’ll be ringing in 2022. You may still have time to reduce your 2021 federal tax liability by taking these steps. Reach out to the Cg Team for help. - [RMD Deadline Dec. 31](https://www.cgteam.com/rmd-deadline-dec-31/) - Retirees: You may need to take required minimum distributions from retirement plans and IRAs by Dec. 31. For more information, contact Cg. - [EIP & CTC Tax Filing in 2022](https://www.cgteam.com/eip-ctc-tax-filing-in-2022/) - If you received Economic Impact Payments or advance Child Tax Credit payments in 2021, expect to hear from the IRS in January. Contact Cg Tax, Audit & Advisory with questions. - [Established Nonprofits Must Continue to Build and Grow](https://www.cgteam.com/established-nonprofits-must-continue-to-build-and-grow/) - Many mature nonprofits may emerge from the pandemic relatively unscathed. But getting back to “normal” probably means recognizing new challenges. Contact Cg for more information. - [Taxpayer Year-End Reminders](https://www.cgteam.com/taxpayer-year-end-reminders/) - As 2021 comes to an end, the IRS wants to remind you of certain tasks you may want to accomplish before Dec. 31.Contact the Cg Team for more information. - [IRS Announces Adjustments to Key Retirement Plan Limits](https://www.cgteam.com/irs-announces-adjustments-to-key-retirement-plan-limits/) - Business owners: If your company offers a qualified retirement plan, such as a 401(k), you need to know how the IRS recently adjusted many of the key dollar limits and thresholds related to plan administration. Reach out to the Cg Team for more information. - [U.S. House Passes the Build Back Better Act](https://www.cgteam.com/u-s-house-passes-the-build-back-better-act/) - The Build Back Better Act is one step closer to becoming law as it passes the U.S. House. Contact Cg Tax, Audit & Advisory for more information. - [Businesses Must Navigate Year-End Tax Planning With New Tax Laws Potentially on the Horizon](https://www.cgteam.com/businesses-must-navigate-year-end-tax-planning-with-new-tax-laws-potentially-on-the-horizon/) - Allocating year-end tax planning time now can prove beneficial come tax filing time next year. Contact Cg for the latest information. - [Don’t Forget to Factor 2022 Cost-of-Living Adjustments Into Your Year-End Tax Planning](https://www.cgteam.com/dont-forget-to-factor-2022-cost-of-living-adjustments-into-your-year-end-tax-planning/) - Take these 2022 cost-of-living amounts into consideration as you work on your year-end tax planning. Reach out to the Cg Team with questions. - [5 Different Filing Statuses for Federal Tax Returns](https://www.cgteam.com/5-different-filing-statuses-for-federal-tax-returns/) - Did you know there are five different filing statuses for federal tax returns? They generally depend on a taxpayer’s marital status as of Dec. 31. Contact Cg Tax, Audit & Advisory to learn more. - [Infrastructure Investment & Jobs Act](https://www.cgteam.com/infrastructure-investment-jobs-act/) - The Infrastructure Investment and Jobs Act provides money for improvements in bridges, mass transit, rail, airports, ports and waterways. Contact Cg for additional information. - [Potential Tax Law Changes Hang Over Year-End Tax Planning for Individuals](https://www.cgteam.com/potential-tax-law-changes-hang-over-year-end-tax-planning-for-individuals/) - If you’re concerned about your 2021 tax liability, consider these year-end tax planning strategies. Cg can help. - [The Infrastructure Investment and Jobs Act Includes Tax-Related Provisions You’ll Want to Know About](https://www.cgteam.com/the-infrastructure-investment-and-jobs-act-includes-tax-related-provisions-youll-want-to-know-about/) - Congress has passed the Infrastructure Investment and Jobs Act. Find out what tax-related provisions have been built into the new law. Contact the Cg Team with questions. - [Special Charity Tax Deduction](https://www.cgteam.com/special-charity-tax-deduction/) - As we approach the end of the year, be aware that taxpayers are allowed a special charitable contribution deduction for 2021 even if they don’t itemize. For questions, contact Cg Tax, Audit & Advisory. - [Potential Refunds From IRS Adjusted Tax Returns](https://www.cgteam.com/potential-refunds-from-irs-adjusted-tax-returns/) - For some taxpayers, the IRS may adjust tax returns and issue refunds after ARPA changes. Contact the Cg Team for more information. - [Your Board Can’t Do Its Job Without Information From You](https://www.cgteam.com/your-board-cant-do-its-job-without-information-from-you/) - What do nonprofit board members need to make decisions? The right information. Contact Cg Tax, Audit & Advisory with questions. - [Vacation Home: How is Your Tax Bill Affected if You Rent It Out?](https://www.cgteam.com/vacation-home-how-is-your-tax-bill-affected-if-you-rent-it-out/) - A special federal income tax break is available if you rent your vacation home for less than 15 days during the year. Contact Cg to learn more. - [Home Office Deduction](https://www.cgteam.com/home-office-deduction/) - Can those working from home claim home office deductions on their 2021 tax returns? Contact Cg to find out. - [Reminder: Check Withholding](https://www.cgteam.com/reminder-check-withholding/) - Now that the last quarter of 2021 is here, the IRS is reminding taxpayers that it’s a good time to check withholding. Contact the Cg Team to learn more. - [Watch Out for Charity Fraud](https://www.cgteam.com/watch-out-for-charity-fraud/) - Unfortunately, a great deal of money given to charity is stolen by criminals. Charity Fraud Awareness Week runs from Oct. 18-22 and the IRS is highlighting the dangers. Contact Cg to learn more. - [4 Ways to Refine Your Cash Flow Forecasting](https://www.cgteam.com/4-ways-to-refine-your-cash-flow-forecasting/) - Business owners, you may not have a crystal ball, but you can forecast cash flow. Here are four tips to consider. Contact Cg to learn more. - [Cg’s Deborah Mathis Selected to Join Prestigious Chief Networking Group](https://www.cgteam.com/cg-tax-audit-advisorys-deborah-mathis-selected-to-join-prestigious-chief-networking-group/) - Cg's Deborah Mathis, CPA, CHBC, shareholder of the healthcare services group, joins prestigious Chief networking group. Contact Cg Tax, Audit & Advisory to learn more. - [Tax Proposals in the Build Back Better Act & Bipartisan Infrastructure Bill](https://www.cgteam.com/tax-proposals-in-the-build-back-better-act-bipartisan-infrastructure-bill/) - The fate of the Build Back Better Act and the Bipartisan Infrastructure Bill remains uncertain as Congress continues negotiations. Here’s a list of the tax provisions that may affect you or your business. Contact the Cg Team for more information. - [Nonprofit Restructuring Has Become Easier, but Not Without Challenges](https://www.cgteam.com/nonprofit-restructuring-has-become-easier-but-not-without-challenges/) - In the past, nonprofits that wanted to merge with another entity or enter into a joint venture faced a difficult process. Now, restructuring can be as easy as completing an annual Form 990. Contact Cg Tax, Audit & Advisory to learn more. - [Employers May “Designate” Certain Payroll Tax Payments](https://www.cgteam.com/employers-may-designate-certain-payroll-tax-payments/) - Employers, you may be able to instruct the IRS on how to use certain payroll tax payments. Contact Cg for details. - [EIDL Program Retooled for Still-Struggling Small Businesses](https://www.cgteam.com/eidl-program-retooled-for-still-struggling-small-businesses/) - Many small businesses are still feeling the pressure of the pandemic. If yours needs a loan, check out the SBA’s newly enhanced COVID-related EIDL program. Contact Cg for help getting started. - [Keep Nonprofit Board Meetings Short and Sweet](https://www.cgteam.com/keep-nonprofit-board-meetings-short-and-sweet/) - Your nonprofit’s board members are volunteers with busy lives. So it’s important to keep board meetings reasonably short. Here’s how to make them productive without running long. Reach out to the Cg Team for more information. - [CTC Alternative: Credit for Other Dependents](https://www.cgteam.com/ctc-alternative-credit-for-other-dependents/) - Taxpayers who don’t qualify for the Child Tax Credit because their children are too old may have an alternative, the Credit for Other Dependents. Reach out to the Cg Team with questions. - [Beware Scams After a Disaster](https://www.cgteam.com/beware-scams-after-a-disaster/) - Fraudsters are opportunists, and disasters present many opportunities to steal assets and information. Read on to learn more and contact Cg with questions. - [September Advance CTC Payments](https://www.cgteam.com/september-advance-ctc-payments/) - Eligible families are now receiving their September advance Child Tax Credit payments. Contact Cg with questions. - [Disasters and Your Taxes: What You Need to Know](https://www.cgteam.com/disasters-and-your-taxes-what-you-need-to-know/) - Have you been affected by one of the many natural disasters that have occurred this year? Tax relief may be available if you know where to look. Contact Cg Tax, Audit & Advisory for help. - [Think Like a Lender Before Applying for a Business Loan](https://www.cgteam.com/think-like-a-lender-before-applying-for-a-business-loan/) - To stay competitive, many businesses need cash to fulfill their strategic objectives. Put yourself in a lender’s mindset before you take out a loan. Contact Cg Tax, Audit & Advisory for help. - [Cg Named 2021 NJBIZ Top 250 Privately Held Company](https://www.cgteam.com/cg-tax-audit-advisory-named-2021-njbiz-top-250-privately-held-company-2/) - Cg Tax, Audit & Advisory has been recognized as a 2021 IPA 400 firm by INSIDE Public Accounting (IPA). Contact Cg to learn more. - [Cg Named 2021 NJBIZ Top 250 Privately Held Company](https://www.cgteam.com/cg-tax-audit-advisory-named-2021-njbiz-top-250-privately-held-company/) - Cg Tax, Audit & Advisory has been recognized as a 2021 NJBIZ Top 250 Privately Held Company. Contact Cg to learn more. - [Selling a Home: Will You Owe Tax on the Profit?](https://www.cgteam.com/selling-a-home-will-you-owe-tax-on-the-profit/) - If you’re selling your principal residence, some or all of the profit may be tax free. It depends on your home sale profit and your income. Contact Cg for help planning ahead. - [IRS Guidance on Reporting 2021 Sick & Family Leave](https://www.cgteam.com/irs-guidance-on-reporting-2021-sick-family-leave/) - The IRS has issued guidance to employers about reporting on Form W-2 the amount of qualified sick and family leave wages paid to employees for leave taken in 2021. For questions, contact Cg Tax, Audit & Advisory. - [Give Your Team a Break With an Accountable Plan](https://www.cgteam.com/give-your-team-a-break-with-an-accountable-plan/) - Without an accountable plan, your nonprofit and team may pay unnecessary taxes on employee business expense reimbursements. Contact Cg for help setting up a plan. - [Nonprofits Can Benefit From AI Technology](https://www.cgteam.com/nonprofits-can-benefit-from-ai-technology/) - AI in the nonprofit sector? Absolutely! Artificial intelligence can be applied to everyday uses that enable your organization to improve program efficacy. Contact Cg for more information. - [Social Security 2022 Wage Base](https://www.cgteam.com/social-security-2022-wage-base/) - The Social Security (SS) wage base for 2022 is projected to rise to at least $146,700. Contact Cg Tax, Audit & Advisory with questions. - [Planning for Year-End Gifts With the Gift Tax Annual Exclusion](https://www.cgteam.com/planning-for-year-end-gifts-with-the-gift-tax-annual-exclusion/) - Making tax-free gifts by year end can reduce the size of your taxable estate. Contact the Cg Team for more information. - [Beware New Scam](https://www.cgteam.com/beware-new-scam/) - Beware a new scam where thieves use email, text, and phone messages using a crisis to craft their phishing messages. Contact Cg with questions. - [Expanding Succession Planning Beyond Ownership](https://www.cgteam.com/expanding-succession-planning-beyond-ownership/) - Business owners, have you considered creating a succession plan that also accounts for the possible departure of key employees? Cg can help you get started. - [More Vehicles Eligible for Federal Tax Credit](https://www.cgteam.com/more-vehicles-eligible-for-federal-tax-credit/) - The IRS adds more vehicles to its list of those eligible for a federal tax credit. Reach out to Cg for more information. - [CTC Update Portal](https://www.cgteam.com/ctc-update-portal/) - If you’re receiving advance Child Tax Credit payments from the IRS, the August 30 deadline may affect you. Contact Cg Tax, Audit & Advisory for more information. - [New Executive Order Mandates COVID-19 Vaccinations or Testing for Certain Workers](https://www.cgteam.com/new-executive-order-mandates-covid-19-vaccinations-or-testing-for-certain-workers/) - New Jersey Governor Phil Murphy recently issued Executive Order 2521 mandating COVID-19 vaccination or testing requirements for workers in healthcare facilities or high-risk congregate environments. Contact Cg with questions. - [IRS Additional Guidance Addresses COBRA Assistance Under ARPA](https://www.cgteam.com/irs-additional-guidance-addresses-cobra-assistance-under-arpa/) - Many businesses must provide COBRA coverage to departing employees. Recent IRS guidance addresses the COBRA premium assistance provisions of the American Rescue Plan Act. Contact Cg Tax, Audit & Advisory for more information. - [Scholarships Are Usually Tax Free But They May Result in Taxable Income](https://www.cgteam.com/scholarships-are-usually-tax-free-but-they-may-result-in-taxable-income/) - If your child receives a scholarship, is the amount taxable income? Here are the rules. Reach out to Cg Tax, Audit & Advisory to discuss further. - [IRS Provides Guidance on ARPA Changes to Pensions](https://www.cgteam.com/irs-provides-guidance-on-arpa-changes-to-pensions/) - Some employers still offer defined benefit pension plans. If you’re one of them, be sure to review changes explained in new IRS guidance. Contact Cg Tax, Audit & Advisory for more information. - [Update EIN Info](https://www.cgteam.com/update-ein-info/) - If you have an Employer Identification Number (EIN), you may hear from the IRS soon. The IRS announced that it will contact about 100,000 taxpayers with EINs, if certain information on file appears outdated. Contact Cg with questions. - [IRS Issues ERC Guidance as Congress Mulls Early Termination](https://www.cgteam.com/irs-issues-erc-guidance-as-congress-mulls-early-termination/) - Fresh IRS guidance is available for employers claiming the Employee Retention Credit in the third and fourth quarters of 2021. Contact Cg for additional info, - [5 Ways Nonprofits Can Prepare for an Audit](https://www.cgteam.com/5-ways-nonprofits-can-prepare-for-an-audit/) - Worried about your nonprofit’s impending audit? Don’t be. Follow these five tips for preparing for a stress-reduced audit. Reach out to Cg Tax, Audit & Advisor for more information. - [Get Serious About Your Strategic Planning Meetings](https://www.cgteam.com/get-serious-about-your-strategic-planning-meetings/) - For any business large or small, strategic planning is no joke. Here are some best practices for holding meetings that produce exciting ideas for a profitable future. Contact Cg Tax, Audit & Advisory for more information. - [You May Have Loads of Student Debt, But It May Be Hard to Deduct the Interest](https://www.cgteam.com/you-may-have-loads-of-student-debt-but-it-may-be-hard-to-deduct-the-interest/) - Student loan interest is deductible for some borrowers subject to certain limits. Find out if you qualify and contact the Cg Team with questions. - [IRS Identity Protection Pin](https://www.cgteam.com/irs-identity-protection-pin/) - The IRS is reminding the public of a free, opt-in program you can use to help protect yourself from tax-related identity theft. For questions, contact the Cg Team. - [SBA Streamlines Forgiveness for Smaller PPP Loans](https://www.cgteam.com/sba-streamlines-forgiveness-for-smaller-ppp-loans/) - The SBA has eased the process of forgiving a PPP loan. Contact Cg Tax, Audit & Advisory for more information. - [Can Employers Use Health Records to Verify COVID-19 Vaccinations?](https://www.cgteam.com/can-employers-use-health-records-to-verify-covid-19-vaccinations/) - Employers, pay special attention to how HIPAA may affect any efforts you take to confirm that your employees have been vaccinated against COVID-19. Contact Cg with questions. - [Nonprofit Fundraising: From Ad Hoc to Ongoing](https://www.cgteam.com/nonprofit-fundraising-from-ad-hoc-to-ongoing/) - To maintain strong cash flow and make fundraising a continuous effort, your nonprofit needs a strategic fundraising plan. Contact Cg to learn how to create one. - [Take Advantage of Higher Education Tax Credits](https://www.cgteam.com/take-advantage-of-higher-education-tax-credits/) - Taxpayers, their spouses, or dependents who take post-high school coursework in 2021 may qualify for one of two tax credits that can reduce their tax bills. For questions, reach out to Cg. - [Returning an Advance CTC Payment](https://www.cgteam.com/returning-an-advance-ctc-payment/) - If you’ve received an advance Child Tax Credit payment that you don’t qualify for, the IRS says you should return the payment. Reach out to Cg with questions. - [There’s Currently a “Stepped-Up Basis” If You Inherit Property — But Will It Last?](https://www.cgteam.com/theres-currently-a-stepped-up-basis-if-you-inherit-property-but-will-it-last/) - Have you inherited assets or are you planning your estate? If so, it’s crucial to understand the current “step-up” basis rules and why they might change. Contact Cg with questions. - [PPP Forgiveness and Repayment: What Businesses Need to Know Now](https://www.cgteam.com/ppp-forgiveness-and-repayment-what-businesses-need-to-know-now/) - If you received a PPP loan, important forgiveness deadlines are approaching. Are you ready? Contact Cg Tax, Audit & Advisory for assistance. - [5 Ways to Take Action on Accounts Receivable](https://www.cgteam.com/5-ways-to-take-action-on-accounts-receivable/) - Are your company’s collections a bit sluggish? Here are five ways to reinvigorate accounts receivable efforts. Contact Cg for help. - [Summer Events May Affect You at Tax Time](https://www.cgteam.com/summer-events-may-affect-you-at-tax-time/) - Summer brings changes for many people, but you may not think about the tax aspects of those changes. That’s why the IRS is reminding taxpayers of a few ways that summer events could affect you at tax time. Contact the Cg Team with questions. - [Opt Out of Advance CTC Payments](https://www.cgteam.com/opt-out-of-advance-ctc-payments/) - The advance child tax credit payments began July 15 and recipients still have the chance to opt out even if they start receiving payments. Contact Cg for more information. - [Does Your Nonprofit Owe Tax on Its Sponsorships and Advertising?](https://www.cgteam.com/does-your-nonprofit-owe-tax-on-its-sponsorships-and-advertising/) - Distinctions between taxable advertising and nontaxable sponsorships can be nuanced. Before seeking new income sources, figure out if they’re potentially subject to unrelated business income tax. Contact Cg for more information. - [Eligible NJ Taxpayers to Potentially Receive Middle Class Tax Rebate](https://www.cgteam.com/eligible-nj-taxpayers-to-potentially-receive-middle-class-tax-rebate/) - New Jersey taxpayers may be eligible to receive the Middle Class Tax Rebate. Contact Cg Tax, Audit & Advisory for more information. - [Can Taxpayers Who Manage Their Own Investment Portfolios Deduct Related Expenses? It Depends](https://www.cgteam.com/can-taxpayers-who-manage-their-own-investment-portfolios-deduct-related-expenses-it-depends/) - Are you an investor or a trader? The difference is important for tax purposes. Contact Cg Tax, Audit & Advisory to learn more. - [IRS Extends Administrative Relief for 401(k) Plans](https://www.cgteam.com/irs-extends-administrative-relief-for-401k-plans/) - If your business sponsors a 401(k), you and your participants will be happy to learn that the IRS has extended relief from the “physical presence” requirement related to plan signatures. Contact the Cg Team for more information. - [More Info From IRS on Child Tax Credit](https://www.cgteam.com/more-info-from-irs-on-child-tax-credit/) - The IRS is providing more information about the advance payments of the Child Tax Credit that will begin being made on July 15 to eligible families. Contact Cg with questions. - [IRS Continues to Address COVID-Related Leave](https://www.cgteam.com/irs-continues-to-address-covid-related-leave/) - Employers may still be able to claim the paid sick leave or paid family leave tax credits provided under the American Rescue Plan Act. However, you’ll need to substantiate eligibility carefully. Cg Tax, Audit & Advisory can help better understand the rules. - [Are You a Nonworking Spouse? You May Still Be Able to Contribute to an IRA](https://www.cgteam.com/are-you-a-nonworking-spouse-you-may-still-be-able-to-contribute-to-an-ira/) - Married spouses who don’t work outside the home may still be able to contribute to an IRA. Here are the rules for 2021 for spousal IRAs. Contact Cg Tax, Audit & Advisory for more information. - [Qualified Plug-in Electric Drive Motor Vehicles](https://www.cgteam.com/qualified-plug-in-electric-drive-motor-vehicles/) - The tax code provides a credit (of up to $7,500) to purchasers of qualified plug-in electric-drive passenger vehicles and light trucks. For questions, contact Cg. - [Taxes on Hobby Activities](https://www.cgteam.com/taxes-on-hobby-activities/) - Do you have a hobby that’s a source of income? If so, that income must be reported on your tax return. Contact Cg with questions. - [Critical Path Method Can Propel IT Projects](https://www.cgteam.com/critical-path-method-can-propel-it-projects/) - IT projects are all but unavoidable in today’s highly digitized and competitive business environment. You may be able to better control yours with the critical path method. Cg Tax, Audit & Advisory can help. - [IRS Online Account](https://www.cgteam.com/irs-online-account/) - The IRS recently posted a round of frequently asked questions that focus on its “Online Account” system. Read on for more info and contact the Cg Team with questions. - [Is Your Nonprofit Complying With Federal Procurement Requirements?](https://www.cgteam.com/is-your-nonprofit-complying-with-federal-procurement-requirements/) - If your nonprofit doesn’t comply with recently updated federal procurement guidelines, it could risk its funding. Here’s how to ensure your policies and purchases adhere to the rules. Cg Tax, Audit & Advisory can help. - [Here Come the Child Tax Credit Payments: What You Need to Know](https://www.cgteam.com/here-come-the-child-tax-credit-payments-what-you-need-to-know/) - If you have children age 17 or under, it’s critical to understand the recent changes made to the child tax credit. Contact Cg Tax, Audit & Advisory for more information. - [Using an HRA as an Investment and Savings Vehicle](https://www.cgteam.com/using-an-hra-as-an-investment-and-savings-vehicle/) - If you’re an employer that sponsors a Health Reimbursement Arrangement, you could add an investment and savings component to the plan. But you’ll need to follow the rules carefully. Contact Cg for help. - [Can Employees “Cash Out” Their Fringe Benefit Transit Passes?](https://www.cgteam.com/can-employees-cash-out-their-fringe-benefit-transit-passes/) - Now that fewer employees are commuting to work, employers may need to review the rules and viability of existing qualified transportation fringe benefit plans. Contact Cg Tax, Audit & Advisory for more information. - [Don’t Assume Your Profitable Company Has Strong Cash Flow](https://www.cgteam.com/dont-assume-your-profitable-company-has-strong-cash-flow/) - If your business’s bottom line is strong, that’s good news. But you still need to keep a close eye on cash flow. Reach out to Cg for more information. - [Collective Impact Projects Find Strength in Numbers](https://www.cgteam.com/collective-impact-projects-find-strength-in-numbers/) - Your nonprofit doesn’t have to tackle big, complicated social challenges alone. Collective impact initiatives bring charities, businesses, and communities together. Contact Cg for more information. - [Tax-Favored Ways to Build Up a College Fund](https://www.cgteam.com/tax-favored-ways-to-build-up-a-college-fund/) - Your college savings can go farther with tax-favored vehicles. Here are some options. Contact Cg Tax, Audit & Advisory to discuss further. - [Marriage & Taxes](https://www.cgteam.com/marriage-taxes/) - It’s wedding season. While taxes may be the last thing on the minds of the happy couples, the IRS is reminding newlyweds of important details that could be overlooked. Contact Cg Tax, Audit & Advisory for more information. - [IRS FAQs for ARPA's Sick & Family Leave Credit](https://www.cgteam.com/irs-faqs-for-arpas-sick-family-leave-credit/) - The IRS has released a series of FAQs regarding the American Rescue Plan Act’s (ARPA’s) sick and family leave credit. Contact Cg with questions. - [What Nonprofit Board Members Need to Know About Fiduciary Duties](https://www.cgteam.com/what-nonprofit-board-members-need-to-know-about-fiduciary-duties/) - From financial oversight to risk management to avoiding conflicts of interest, there’s a lot that nonprofit board members need to know. Here’s a quick summary. Contact Cg Tax, Audit & Advisory for more information. - [IRS Tips to Protect Against Identity Theft](https://www.cgteam.com/irs-tips-to-protect-against-identity-theft/) - The filing deadline for 2020 tax returns has passed, but that won’t slow down thieves. The IRS continues to warn taxpayers to guard their tax and personal information. Reach out to the Cg Team with questions. - [Retiring Soon? 4 Tax Issues You May Face](https://www.cgteam.com/retiring-soon-4-tax-issues-you-may-face/) - Tax planning is still important after you retire. Here are some of the tax implications of retirement. Contact Cg Tax, Audit & Advisory to discuss further. - [EEOC Addresses Requiring and Incentivizing COVID-19 Vaccination](https://www.cgteam.com/eeoc-addresses-requiring-and-incentivizing-covid-19-vaccination/) - The EEOC has updated its guidance on whether employers can require proof of COVID-19 vaccination, as well as on incentivizing employees to get vaccinated. Reach out to the Cg Team to discuss further. - [EIP Update](https://www.cgteam.com/eip-update/) - The IRS and the U.S. Department of the Treasury recently announced that an additional 1.8 million Economic Impact Payments have been disbursed under the American Rescue Plan Act. Contact Cg for more information. - [Making the Decision to Hire New Nonprofit Team Members](https://www.cgteam.com/making-the-decision-to-hire-new-nonprofit-team-members/) - The decision to hire new employees may be the most difficult one your nonprofit will make this year. So ensure you’ve thought through it carefully and consider these alternatives first. Reach out to the Cg Team to discuss further. - [Determining Eligibility for HIPAA Administrative Simplification](https://www.cgteam.com/determining-eligibility-for-hipaa-administrative-simplification/) - If you’re a smaller employer that sponsors a health plan, you may qualify for an exception to the HIPAA rules. But you’ll need to carefully verify eligibility. Reach out to Cg Tax, Audit & Advisory for help. - [Review Federal Withholding Annually](https://www.cgteam.com/review-federal-withholding-annually/) - To avoid a surprise when you file your tax return, review your federal withholding each year to make sure you’re not having too little (or too much) tax withheld from your paychecks. For questions, contact Cg. - [New Vehicle Added to Qualified Plug-In Electric Credit](https://www.cgteam.com/new-vehicle-added-to-qualified-plug-in-electric-credit/) - The IRS has added the 2021 Bentley Motors Bentayga Hybrid SUV to its list of qualified plug-in electric drive motor vehicles. Reach out to the Cg Team with questions. - [Many Parents Will Receive Advance Tax Credit Payments Beginning July 15](https://www.cgteam.com/many-parents-will-receive-advance-tax-credit-payments-beginning-july-15/) - About 39 million households covering 88% of children in the U.S. will begin receiving monthly tax credit payments soon. Here are the details. Contact Cg Tax, Audit & Advisory with questions. - [IRS Guidance on ARPA COBRA Provision](https://www.cgteam.com/irs-guidance-on-arpa-cobra-provision/) - The IRS has issued guidance on the American Rescue Plan Act provision that provides temporary premium assistance for COBRA continuation coverage and a credit to entities that maintain group health plans. Contact the Cg Team with questions. - [Is a Merger in Your Nonprofit’s Post-Pandemic Plans?](https://www.cgteam.com/is-a-merger-in-your-nonprofits-post-pandemic-plans/) - There are worthwhile reasons for nonprofits to merge. But it’s also important to remember that mergers can fail. Read on for the pros and cons. Contact Cg Tax, Audit & Advisory for more information. - [Getting Max Value Out of Your CRM Software](https://www.cgteam.com/getting-max-value-out-of-your-crm-software/) - CRM software has become a go-to solution for businesses looking to track and manage customer relationships. Here are some ways to make sure the investment pays off. Contact the Cg Team to get started. - [2021 Advance CTC Credits to Begin on July 15](https://www.cgteam.com/2021-advance-ctc-credits-to-begin-on-july-15/) - The IRS has announced that the 2021 advance child tax credit (CTC) payments, provided for in the American Rescue Plan Act, will begin being made on July 15. Reach out to the Cg Team for more information. - [Still Have Questions After You File Your Tax Return?](https://www.cgteam.com/still-have-questions-after-you-file-your-tax-return/) - Congratulations if you filed your 2020 tax return by the May 17 deadline. But you may still have questions. We’re often asked about refund status, record retention and amended tax returns. Here are some answers. Contact Cg Tax, audit & Advisory for more information. - [Be Sure to Review Your Employee Handbook](https://www.cgteam.com/be-sure-to-review-your-employee-handbook/) - Has your business changed its policies or procedures during the COVID-19 pandemic? Make sure your employee handbook accurately reflects these changes. The Cg Team can help you get started. - [May 17 Superseding Tax Return Deadline](https://www.cgteam.com/may-17-superseding-tax-return-deadline/) - The National Taxpayer Advocate is reminding taxpayers that if they want to file a “superseding” tax return to change their filing status from married filing jointly to married filing separately or, if eligible, head of household, they must do so by May 17, 2021. Contact Cg Tax, Audit & Advisory with questions. - [IRS Announces Inflation-Adjusted HSA Thresholds](https://www.cgteam.com/irs-announces-inflation-adjusted-hsa-thresholds/) - The inflation-adjusted Health Savings Account (HSA) thresholds for next year have been announced by the IRS. Reach out to the Cg Team for more information. - [DOL Offers Cybersecurity Tips to Benefit Plan Sponsors, Others](https://www.cgteam.com/dol-offers-cybersecurity-tips-to-benefit-plan-sponsors-others/) - If you’ve delayed depositing certain employment taxes because of COVID-related credits, the IRS has announced additional penalty relief. Contact Cg for more information. - [Biden Administration Proposed Tax Changes](https://www.cgteam.com/biden-administration-proposed-tax-changes/) - If you’re trying to keep straight all of the tax proposals the Biden administration has recently announced, here’s a handy guide. Contact the Cg Team with questions. - [The Restaurant Revitalization Fund is Now Live](https://www.cgteam.com/the-restaurant-revitalization-fund-is-now-live/) - If your business is a restaurant or anything like one, you may qualify for funding under the just-launched Restaurant Revitalization Fund. But you’ve got to act soon. Contact Cg for help. - [Unemployment Benefits Law Change](https://www.cgteam.com/unemployment-benefits-law-change/) - Did you collect unemployment benefits in 2020? If so, the IRS is reminding you of an important law change that may affect you. Contact Cg with questions. - [Do You Know the New Accounting Rules for Gifts in Kind?](https://www.cgteam.com/do-you-know-the-new-accounting-rules-for-gifts-in-kind/) - New rules for nonprofits to report gifts in kind take effect for annual periods starting after June 15. If you haven’t already familiarized yourself with the rules, now’s the time. Contact Cg with questions. - [Tax Filing Deadline is Coming Up: What to Do If You Need More Time](https://www.cgteam.com/tax-filing-deadline-is-coming-up-what-to-do-if-you-need-more-time/) - Americans got extra time to file their tax returns this year, but the deadline is looming. Here’s what to do if you’re not ready. Contact Cg for help. - [New Vehicles Added to Valuable Tax Break List](https://www.cgteam.com/new-vehicles-added-to-valuable-tax-break-list/) - New vehicles have been added to the list of those qualifying for a valuable tax break. Reach out to the Cg Team to learn more. - [Tax Refund Myths](https://www.cgteam.com/tax-refund-myths/) - Year after year, the tax myths keep coming, causing the IRS to combat misinformation. Many relate to refunds. Contact the Cg Team to learn more. - [President Biden Details His Tax Proposals for Individuals](https://www.cgteam.com/president-biden-details-his-tax-proposals-for-individuals/) - What could President Biden’s tax proposals mean for you? Here’s a brief rundown of the “American Families Plan.” Reach out to Cg Tax, Audit & Advisory with questions. - [Minimize the Need to Make Year-End Financial Adjustments](https://www.cgteam.com/minimize-the-need-to-make-year-end-financial-adjustments/) - The New Jersey Economic Development Authority (NJEDA) announced another phase of its Small Business Emergency Assistance Grant Program. Contact Cg Tax, Audit & Advisory to learn more. - [Is Your Wellness Program Built on a Solid Foundation?](https://www.cgteam.com/is-your-wellness-program-built-on-a-solid-foundation/) - The COVID-19 pandemic has emphasized the importance of self-care. In response, businesses are building or rebuilding employee wellness programs. Contact the Cg Team for help implementing. - [Employers Get More Relief From Failure-to-Deposit Employment Tax Penalties](https://www.cgteam.com/employers-get-more-relief-from-failure-to-deposit-employment-tax-penalties/) - If you’ve delayed depositing certain employment taxes because of COVID-related credits, the IRS has announced additional penalty relief. Contact Cg for more information. - [Safe Harbor for First-Round PPP Loan Recipients](https://www.cgteam.com/safe-harbor-for-first-round-ppp-loan-recipients/) - The IRS has provided a safe harbor under which certain first-round Paycheck Protection Program (PPP) loan recipients, who filed their 2020 tax returns without deducting certain deductible expenses, may elect to deduct those expenses on their 2021 returns. Contact Cg for more information. ## Pages - [Home](https://www.cgteam.com/) - Our accounting firm in NJ offers over four decades of business accounting experience. Learn why we are a top NJ CPA firm and how we can help your business. - [Our Team](https://www.cgteam.com/accounting-team/) - View Our Team Here and Learn More About the New Jersey Accountants That Will Take Your Business to the Next Level. - [What is Unadjusted Basis Immediately After Acquisition (UBIA)](https://www.cgteam.com/ubia-in-taxes/) - UBIA and its relationship to the Qualified Business Income Deduction (QBID). What is UBIA and what does it mean? Learn more with the tax professionals at Cg. - [SHARYN MAGGIO](https://www.cgteam.com/accounting-team/sharyn-maggio/) - Learn More About Sharyn Maggio Here. - [ERIN BEATTY](https://www.cgteam.com/accounting-team/erin-beatty/) - Learn More About Erin Beatty Here. - [TIMOTHY L. 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Cg's Business Accounting Services also include Tax Services, Estate Planning and More. - [RYAN HAAG](https://www.cgteam.com/accounting-team/ryan-haag/) - Learn More About Ryan Haag Here. - [CHRISTINA LAZARO](https://www.cgteam.com/accounting-team/christina-lazaro/) - Learn More About Christina Lazaro Here. - [Other Industries](https://www.cgteam.com/industries/other-industries/) - Our CPA Consulting Firm Services All Industries. Speak with One of Our Consultants and Start Focusing on the Road Ahead. - [Family-Owned Business](https://www.cgteam.com/industries/family-owned-business/) - With Years of Family-Owned Business Accounting Knowledge, Sussession Planning and Practical Experience, We Can Help Find Solutions to Pressing Accounting Issues and Focus on the Road Ahead. - [Real Estate/Building Management](https://www.cgteam.com/industries/commercial-real-estate-accounting/) - Our real estate accountants in NJ can help with your commercial real estate business. Cg has a team of CPAwho can help structure your investments. - [Nonprofit Accounting Services](https://www.cgteam.com/industries/nonprofit-accounting-services/) - Cg’s accounting services for nonprofits offer a vital framework of support for your nonprofit, including auditing, grant-writing, financial strategizing, and more. - [Manufacturing and Distribution](https://www.cgteam.com/industries/manufacturing-distribution-accounting-services/) - With Years of Manufacturer Accounting Knowledge, Our CPAs Help Find Solutions to Pressing Accounting Issues and Focus on the Road Ahead. Call Us Today. - [Construction](https://www.cgteam.com/industries/construction-cpa-firm/) - Our construction CPA firm offers decades of experience and understands the construction industry. The Cg team can identify hidden opportunities for fiscal growth. - [Life Sciences](https://www.cgteam.com/industries/life-sciences-accounting/) - Expert Life Sciences accounting services in New Jersey, with specialized knowledge in pharmaceutical, biotechnology, and other fields of Life Science. - [Healthcare](https://www.cgteam.com/industries/healthcare-consulting-services/) - Are you searching for the best healthcare management and consulting firm in New Jersey? At Cg, we offer the best healthcare services that will help you to increase your business growth. To work with the best healthcare compliance consulting firm, visit us now! - [Professional Services](https://www.cgteam.com/industries/professional-accounting-services/) - At Cg Tax, Audit & Advisory, we are committed to providing professional accounting services that reflect the latest trends in Ocean & Monroe Counties. - [Industries](https://www.cgteam.com/industries/) - We Offer Our New Jersey CPA Services to All Industries. From Professional Services, to Healthcare, Construction and More, See How We Can Help Your Business. - [Business Audit Services](https://www.cgteam.com/accounting-services-nj/business-auditing-services/) - Independent audit and assurance services to help manage your business. The Cg Team has decades of experience and is among the top auditing firms in the Tri-State. - [Professional Business Accountants and Financial Advisors in Toms River, NJ](https://www.cgteam.com/accounting-firms/toms-river-new-jersey/) - Learn More About Our Toms River (Ocean County) NJ Accounting Firm Here. Get Directions and Speak with One of Our Accountants Today. - [Succession Planning](https://www.cgteam.com/industries/family-owned-business/succession-planning/) - Succession plans are the documents we craft to outline every detail of your future leadership transitions, from protocol for identifying candidates to exit procedures and beyond. - [Forensic Accounting Services](https://www.cgteam.com/accounting-services-nj/forensic-accounting/) - Cg accountants are certified in financial forensics. We specialize in investigative auditing and forensic valuation services. Contact our NJ accounting team today. - [Specialty Accounting Services](https://www.cgteam.com/accounting-services-nj/specialty-accounting-services/) - The Effectiveness of Your Accounting and Auditing Processes Is Critical to Your Profitability. Learn More About Our NJ Specialty Accounting Services. - [Healthcare Accounting & Consulting](https://www.cgteam.com/accounting-services-nj/medical-practice-accounting/) - Medical Practice Accountants And Consulting Services for the Healthcare Industry. Our CPAs are Committed to Enhancing the Financial Health of your Organization. - [Estate Planning Accounting](https://www.cgteam.com/accounting-services-nj/estate-tax-accounting/) - Estate taxes can be complicated. Contact the accountants at Cg for expert guidance on estate planning, tax strategies, and wealth preservation in New Jersey. - [Business Valuation Services](https://www.cgteam.com/accounting-services-nj/business-valuation-services/) - Our business valuation services in NJ reveal the true value of your company or estate creating the strongest case for your current financial power & potential. - [Business Accounting](https://www.cgteam.com/accounting-services-nj/business-accounting/) - Our experienced business accountants can manage even the most complex finances. Call our NJ team for accounting, tax preparation, payroll services, and more. - [Financial Consulting & Advisory Services](https://www.cgteam.com/accounting-services-nj/financial-consulting-firm/) - Our financial consulting firm has over a century of combined expertise in finance with numerous titles and certifications. Speak to our NJ consultants today. - [FRED LAMARCA](https://www.cgteam.com/accounting-team/fred-lamarca/) - Learn More About Fred LaMarca Here. - [JEFFREY POTTER](https://www.cgteam.com/accounting-team/jeffrey-potter/) - Learn More About Jeffrey Potter Here. - [Awards & Recognition](https://www.cgteam.com/awards-recognition/) - Our accounting firm in NJ offers over four decades of business accounting experience. Learn why we are a top NJ CPA firm and how we can help your business. - [Why Choose Us](https://www.cgteam.com/about-us/why-choose-us/) - Cg is a trusted accounting firm in New Jersey providing the best accounting services for small businesses. At Cg, we have an experienced financial team that can work with you to achieve your business goals and improve your financial health. Call today! - [Cg Webinars](https://www.cgteam.com/cg-webinars/) - Cg Tax, Audit & Advisory's webinars. - [We Are A Premier Accounting Firm In Monmouth County, NJ](https://www.cgteam.com/accounting-firms/tinton-falls-new-jersey/) - Our Monmouth County accountants have experience in a wide range of industries and services. Put Cg's team of experts to work for your business. Call us today. - [CLAUDIA FERRO](https://www.cgteam.com/accounting-team/claudia-ferro-mst/) - Learn More About Claudia Ferro Here. - [TRUSHA PATEL](https://www.cgteam.com/accounting-team/trusha-patel/) - Learn More About Trusha Patel Here. - [MICHELE MARSTON](https://www.cgteam.com/accounting-team/michele-marston/) - Learn More About Michele Marston Here. - [COREY PIGNATELLO](https://www.cgteam.com/accounting-team/corey-pignatello/) - Learn More About Corey Pignatello Here. - [CAROL O. EGAN](https://www.cgteam.com/accounting-team/carol-o-egan/) - Learn More About Carol O. 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DeMola Here. - [DEBORAH SUNDERMANN](https://www.cgteam.com/accounting-team/deborah-sundermann/) - Learn More About Deborah Sundermann. - [ANTHONY TURANO](https://www.cgteam.com/accounting-team/anthony-turano/) - Learn More About Anthony Turano Here. - [Cg Internship Program](https://www.cgteam.com/internship/) - Cg Tax, Audit & Advisory offers an effective and unique full-time paid internship program for summer and tax season. - [The Cg Business Advisor Podcast](https://www.cgteam.com/cg-biz-advisor/) - Cg, a Springline company's podcast tackling important issues affecting business and individuals. - [What to Know When Filing Your 2026 Tax Return](https://www.cgteam.com/2026-tax-season/) - Our NJ CPAs have outlined the most important information businesses and individuals should know before filing their 2025 tax returns (during tax season 2026). - [Careers](https://www.cgteam.com/about-us/careers/) - Cg is a quality of life firm focused on the well-being of its team members, clients, and the community. Read more about working with us. - [CFO Advisory Services](https://www.cgteam.com/accounting-services-nj/cfo-advisory-services/) - You can outsource part-time CFO advisory services from the financial experts at Cg. CFO services are more affordable thank you think. Contact us to learn more. - [Contact Us](https://www.cgteam.com/contact-us/) - Contact Our New Jersey Accounting Consultants Here. We Can Help with All of Your Business Accounting Needs, Focusing on the Road Ahead. - [Jon Mendoza, Cg Testimonial](https://www.cgteam.com/about-us/careers/jon-cg-testimonial/) - #post_contentTestimonial from Jon Mendoza on working at Cg Tax, Audit & Advisory. - [WILLIAM R. 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One aspect that affects your tax bill is your adjusted gross income (AGI). Contact Cg Tax, Audit & Advisory for more information. - [Tax Support for Families Under Current Law](https://www.cgteam.com/tax-support-for-families-under-current-law/) - The “Tax Support for Families under Current Law” discusses major tax provisions that support typical families. Contact CG Team to learn more! - [Payment Portal](https://www.cgteam.com/payment-portal/) - Cg Tax, Audit & Advisory online payment portal. - [New Legislation Establishes a State Retirement Savings Program](https://www.cgteam.com/new-legislation-establishes-a-state-retirement-savings-program/) - The “New Jersey Secure Choice Savings Program Act” sets up the program for certain workers not covered by another retirement plan. Read the article for more! - [Lean manufacturers: Reap the benefits of lean accounting](https://www.cgteam.com/lean-manufacturers-reap-the-benefits-of-lean-accounting/) - Standard cost accounting doesn’t necessarily work for lean operations. Instead, lean accounting offers a simplified reporting alternative. Read on to learn more! - [If You Call the IRS, Be Prepared to Identify Yourself](https://www.cgteam.com/if-you-call-the-irs-be-prepared-to-identify-yourself/) - With tax-related identity theft one the rise know If you call the IRS, be ready to identify yourself. Contact Cg Tax, Audit & Advisory for more information. - [Registering Combined Groups in New Jersey](https://www.cgteam.com/nj-combined-groups/) - New Jersey will soon require managerial members to register combined groups. For tax years ending on and after 7/31/19. Please read on to learn more! - [Small Business Accounting Services](https://www.cgteam.com/accounting-services-nj/business-accounting/small-business-accounting-services/) - From bookkeeping to tax preparation to compliance, Cg's small business accounting services can take care of it all. Contact our NJ firm for a consultation. - [PPP Loan Fraud](https://www.cgteam.com/accounting-services-nj/forensic-accountant-ppp-fraud/) - Is your business being investigated for PPP loan fraud? Learn what happens during the investigation and how to respond to a PPP fraud investigation. - [Cg Named Top 400 Firm by INSIDE Public Accounting](https://www.cgteam.com/cg-ipa-400/) - Cg Tax, Audit & Advisory, a leading accounting and profitability consulting firm in New Jersey, has been named an IPA 400 firm by INSIDE Public Accounting (IPA). - [Matrimonial & Divorce Accounting](https://www.cgteam.com/accounting-services-nj/forensic-matrimonial-accounting/) - With three decades dedicated to forensic divorce accounting in NJ, we are often appointed by the courts as mediators, as well as to provide expert testimony. - [Cg COVID-19 Resource Center](https://www.cgteam.com/coronavirus/) - Cg Tax, Audit & Advisory's COVID-19 Resource Center. - [Resources](https://www.cgteam.com/resources/) - Cg is a top-rated public accounting firm in New Jersey offering financial and accounting services for nearly four decades. At, Cg we have an experienced and professional team of accountants and consultants who helped you to build your future financial successes. For any queries, call us now! - [Unrelated Business Taxable Income (UBTI)](https://www.cgteam.com/industries/nonprofit-accounting-services/what-taxes-do-non-profits-pay-ubti/) - What Taxes Do Non-Profits Pay? Our reference tool explains UBTI, Federal income taxes, Donations, Federal unemployment tax, Taxes on financing, and more. - [Cg Halloween Highlights](https://www.cgteam.com/cg-halloween-highlights/) - [Thank You - Contact Us](https://www.cgteam.com/thank-you-contact-us/) - [NJ Underpayment and Overpayment Interest Rates to Increase in 2019](https://www.cgteam.com/nj-underpayment-and-overpayment-interest-rates-to-increase-in-2019/) - New Jersey interest rates on underpayments and overpayments increase for 2019. The NJ Division of Taxation has announced that the interest rate assessed on outstanding balances, which is set at 3 percentage points above the prime rate, will increase from 7.25% for 2018 to 8.25% for the 2019 calendar year. - [Privacy Policy](https://www.cgteam.com/privacy-policy/) - This privacy policy has been compiled to better serve those who are concerned with how their 'Personally identifiable information' (PII) is being used online. - [NJ NOL Conversion Worksheet](https://www.cgteam.com/nj-nol-conversion-worksheet/) - The New Jersey Division of Taxation is providing details about the net operating loss (NOL) conversion worksheet. Read about the NOL subtraction calculation update here. - [NJ Division of Taxation Guidance on Partnerships](https://www.cgteam.com/nj-division-of-taxation-guidance-on-partnerships/) - The New Jersey Division of Taxation has published guidance related to the filing, income reporting requirements and payment responsibilities of partnerships. Read publication here. - [2021 Tax Returns](https://www.cgteam.com/2021-tax-returns/) - For the 2020 Tax Return/Refund Calendar, the IRS began accepting returns on January 27th, 2020. Most refunds will be issued in less than 21 days after the return has is accepted. Timing of reimbursement depends if your return was mailed or electronic, whether it was done earlier or later in the season, and what credits were claimed. - [2020 Tax Returns](https://www.cgteam.com/2020-tax-returns/) - For the 2020 Tax Return/Refund Calendar, the IRS began accepting returns on January 27th, 2020. Most refunds will be issued in less than 21 days after the return has is accepted. Timing of reimbursement depends if your return was mailed or electronic, whether it was done earlier or later in the season, and what credits were claimed. - [UBTI](https://www.cgteam.com/ubti/) - [Page Not Found](https://www.cgteam.com/page-not-found/) - [Southern Ocean Medical Center Foundation](https://www.cgteam.com/somc/) - Southern Ocean Medical Center Foundation COVID-19 Emergency Relief Fund. - [United Way of Monmouth & Ocean Counties](https://www.cgteam.com/united-way/) - United Way of Monmouth & Ocean Counties COVID-19 Recovery Fund. - [NONPROFITS BEWARE: Pitfalls of the Paycheck Protection Program](https://www.cgteam.com/nonprofit-ppp-pitfalls/) - NONPROFITS BEWARE: Pitfalls of the Paycheck Protection Program presented by Cg Tax, Audit & Advisory's Don Cowan, Carol Egan and Stephen Reed. - [CBO Publishes "Options for Reducing the Deficit: 2019 to 2028"](https://www.cgteam.com/cbo-reducing-deficit/) - The Congressional Budget Office (CBO) published “Options for Reducing the Deficit: 2019 to 2028.” Contact Cg Tax, Audit & Advisory for more information. - [IRS Continues to Improve Taxpayer Security](https://www.cgteam.com/irs-continues-to-improve-taxpayer-security/) - [Danielle Bagdzinski Honored by Monmouth Regional Chamber of Commerce](https://www.cgteam.com/danielle-bagdzinski-honored-by-monmouth-regional-chamber-of-commerce/) - Danielle Bagdzinski, marketing manager at Cg Tax, Audit & Advisory will receive the Monmouth Regional Chamber of Commerce’s (MRCC) 2019 Beacon of Excellence Young Professional of the Year Award. - [How Auditors Use Nonfinancial Information](https://www.cgteam.com/how-auditors-use-nonfinancial-information/) - Nonfinancial data helps auditors analyze your business from multiple angles. Contact the Cg Team to learn more. - [Holding on to Your Nonprofit's Exempt Status](https://www.cgteam.com/nonprofit-exempt-status/) - Nonprofits need to know the rules for tax exempt status. Contact the Cg Team for information. - [Health Coverage Reporting Required](https://www.cgteam.com/health-coverage-reporting/) - Taxpayers must indicate on 2018 federal tax returns whether they have health coverage. Contact Cg Tax, Audit & Advisory for help. - [Film & Digital Media Tax Credit FAQs](https://www.cgteam.com/digital-media-tax-credit/) - New Jersey Division of Taxation released a list of answers to frequently asked questions (FAQs) about the film and digital media tax credit. Contact the Cg Team for more information. - [Filing Under NJ's Corporation-Business Tax Statute](https://www.cgteam.com/filing-under-njs-corporation-business-tax-statute/) - The New Jersey Division of Taxation has listed more entities that must file separately under the state’s corporation-business tax statute. Contact Cg Tax, Audit & Advisory for help. - [Earned Income Tax Credit Awareness](https://www.cgteam.com/eitc/) - The IRS recently held an “Earned Income Tax Credit (EITC) Awareness Day” to remind workers about the tax break. Contact the Cg Team for additional information. - [Fiduciary Duties: What Your Board Members Need to Know](https://www.cgteam.com/fiduciary-duties-what-your-board-members-need-to-know/) - Nonprofit board members have fiduciary responsibilities. Contact Cg Tax, Audit & Advisory for information. - [Divide and Conquer: How Joint Cost Allocating Works](https://www.cgteam.com/joint-cost-allocating/) - How joint cost allocating works. Contact Cg Tax, Audit & Advisory for more information. - [Audits Home in on Cybersecurity](https://www.cgteam.com/audit-cybersecurity/) - Audits focusing on cybersecurity. Contact Cg Tax, Audit & Advisory for more information. - [Draft Forms for QBI Deduction Section 199A](https://www.cgteam.com/draft-forms-for-qbi-deduction-section-199a/) - IRS released two draft forms to compute the qualified business income (QBI) deduction under Section 199A. Contact the Cg Team for more information. - [Developing a Fundraising Plan That Works](https://www.cgteam.com/developing-a-fundraising-plan-that-works/) - Ways for nonprofit organizations to meet fundraising goals. Contact Cg Tax, Audit & Advisory for help implementing these tips. - [Combined Group Managerial Members](https://www.cgteam.com/combined-group-managerial-members/) - New Jersey Division of Taxation announces information about the registration of combined group managerial members. Contact the Cg Team for more information. - [Business Interest Limitations in NJ](https://www.cgteam.com/business-interest-limitations-in-nj/) - Business interest limitations in New Jersey don’t apply to gross income and partnership tax returns. Contact the Cg Team to discuss further. - [Auditing Cashless Transactions](https://www.cgteam.com/audit-cashless-transactions/) - Information on auditing cashless transactions. Contact Cg Tax, Audit & Advisory for help. - [Attention: Business Interest Expense Limitation](https://www.cgteam.com/attention-business-interest-expense-limitation/) - NJ Division of Taxation issues guidance on how US tax code’s business interest expense limitation should be applied to NJ corporation business tax returns. Contact the Cg Team for more info. - [Associations: Avoid Certain Activities to Preserve Tax-Exempt Status](https://www.cgteam.com/associations-avoid-certain-activities-to-preserve-tax-exempt-status/) - Nonprofit organizations should avoid certain activities to preserve tax-exempt status. Contact Cg Tax, Audit & Advisory for help. - [2018 Fourth Quarter Tax Payment Deadline](https://www.cgteam.com/2018-fourth-quarter-tax-payment-deadline/) - The 2018 fourth quarter tax payment deadline is Tuesday, 1/15/19. Contact the Cg Team to get ready. - [2019 Meal & Lodging Limitations](https://www.cgteam.com/2019-meal-lodging-limitations/) - New Jersey Department of Labor and Workforce Development announces 2019 meal and lodging limitations. Contact the Cg Team for information, - [5 Myths About Tax Refunds](https://www.cgteam.com/5mythsabouttaxrefunds/) - IRS dispels five myths about rax refunds. Contact Cg Tax, Audit & Advisory for more information. - [A Break for Out-of-State Businesses in a Disaster](https://www.cgteam.com/a-break-for-out-of-state-businesses-in-a-disaster/) - Out-of-state businesses in a declared disaster get a break. Contact the Cg Team for more information. - [A few reminders heading into tax season...](https://www.cgteam.com/a-few-reminders-heading-into-tax-season/) - A few reminders from the IRS heading into tax season. Contact Cg Tax, Audit & Advisory for more information. - [Attention: Accounting Rule Delays in the Works](https://www.cgteam.com/attention-accounting-rule-delays-in-the-works/) - The Financial Accounting Standards Board (FASB) voted to issue a proposal that would delay several landmark accounting rules for certain companies. Contact Cg Tax, Audit & Advisory for a game plan. - [Important Info For Out-of-State Employers](https://www.cgteam.com/important-info-for-out-of-state-employers/) - Out-of-state employers with New Jersey employees have the same filing requirements as in-state businesses regarding NJ’s health insurance mandate. Contact Cg Tax, Audit & Advisory with questions. - [Additional Summer Tax Tips From the IRS](https://www.cgteam.com/additional-summer-tax-tips-from-the-irs/) - The IRS provides a list of topics to keep in mind when tax planning this summer. Contact Cg Tax, Audit & Advisory for more information. - [Accountable Plans Save Taxes For Staffers and Their Nonprofit Employers](https://www.cgteam.com/accountable-plans-save-taxes-for-staffers-and-their-nonprofit-employers/) - Accountable plans for a nonprofit can be informal. However, expenses covered must have a business connection, be reasonable and properly documented. Contact Cg Tax, Audit & Advisory for more information. - [Fees Increase For Annual Business Report Filings in New Jersey](https://www.cgteam.com/fees-increase-for-annual-business-report-filings-in-new-jersey/) - Fees increase for annual business report filings in New Jersey. Contact Cg Tax, Audit & Advisory for more information. - [Let’s Find a Better Way to Manage Your Receivables](https://www.cgteam.com/manage-accounts-receivable/) - Here are five effective ideas to facilitate more timely collections. Contact Cg Tax, Audit & Advisory to learn more about strategies for improving accounts receivable. - [Think About Your Tax Filing Status Now](https://www.cgteam.com/think-about-your-tax-filing-status-now/) - Make sure you're thinking about your tax filing status all year long. Things could change. Contact Cg Tax, Audit & Advisory for help. - [Increases to NJ Annual Report Filing Fees](https://www.cgteam.com/increases-to-nj-annual-report-filing-fees/) - The New Jersey State Treasurer has reported that as a result of L. 2019, A5607, there are increases to the annual report filing fees. Contact Cg Tax, Audit & Advisory for more information. - [Making Your Nonprofit’s Special Event Profitable](https://www.cgteam.com/nonprofit-special-events/) - It’s critical for nonprofit special events to make a budget and stick to it. Contact Cg Tax, Audit & Advisory for help with special events. - [How Divorce/Separation May Affect 2019 Tax Returns](https://www.cgteam.com/how-divorce-separation-may-affect-2019-tax-returns/) - Divorcing or separating taxpayers need to be aware of how the breakup of a marriage may affect their 2019 tax returns. Contact the Cg Team for more information. - [Summertime Tax Tips From the IRS](https://www.cgteam.com/summer-tax-tips-from-irs/) - Summertime tax tips from the IRS. Contact Cg Tax, Audit & Advisory to learn more. - [Why Do Companies Restate Financial Results?](https://www.cgteam.com/restating-financial-results/) - Financial restatements were up in 2018. There can be mundane reasons for revising annual reports. Contact Cg to learn more about restating financial results and the reasons behind. - [Taxable Income From Hobbies Must Be Reported](https://www.cgteam.com/tax-income-from-hobbies/) - If you make money from a hobby, that taxable income must be reported on your tax return. Contact Cg Tax, Audit & Advisory to learn more. - [Nonprofits: Harness the Power of Cause Marketing](https://www.cgteam.com/nonprofit-cause-marketing/) - Nonprofits looking for new funding opportunities should consider cause marketing. Contact Cg Tax, Audit & Advisory for more information. - [NJ Outlines Use of Tax Credits on Combined Returns](https://www.cgteam.com/nj-combined-returns/) - NJ Division of Taxation Technical Bulletin discusses how combined group members may share tax credits with other taxable members of the combined group included on the same NJ combined return. Contact Cg Tax, Audit & Advisory for more information. - [IRS Tool Makes FAFSA Form Completion Easier](https://www.cgteam.com/irs-fafsa-tool/) - Filling out a FAFSA form? IRS tool makes completing your FAFSA application easier. Visit Cg Tax, Audit & Advisory to learn more. - [In Pursuit of Global Tax Transparency](https://www.cgteam.com/in-pursuit-of-global-tax-transparency/) - [NJ Court Rules on Deferred Compensation Taxed by Neighboring State](https://www.cgteam.com/nj-court-rules-on-deferred-compensation-taxed-by-neighboring-state/) - [Reporting Tips on Tax Returns](https://www.cgteam.com/reporting-tips-on-tax-returns/) - Income from tips is generally taxable. Contact Cg Tax, Audit & Advisory to learn more. - [IRS Plans to Stop Faxing & Third-Party Mailings of Certain Tax Transcripts](https://www.cgteam.com/irs-plans-to-stop-faxing-third-party-mailings-of-certain-tax-transcripts/) - [IRS Renewals For Expiring ITINs](https://www.cgteam.com/irs-renewals-for-expiring-itins/) - [Mixed Results on New Federal Budget Figures](https://www.cgteam.com/mixed-results-on-new-federal-budget-figures/) - [U.S. Senate Passes Wide-Ranging IRS Reform Bill](https://www.cgteam.com/u-s-senate-passes-wide-ranging-irs-reform-bill/) - [Revised NJ Family Leave Policies](https://www.cgteam.com/revised-nj-family-leave-policies/) - [Retirement Legislation Moving Forward](https://www.cgteam.com/retirement-legislation-moving-forward/) - [Updated Info on NJ Set-Off/Offset Programs](https://www.cgteam.com/filing-under-njs-corporation-business-tax-statute-2/) - [Predicting Future Performance](https://www.cgteam.com/predicting-future-performance/) - [Might Be Time For a Paycheck Checkup!](https://www.cgteam.com/paycheck-checkup/) - [Nonprofit board retreats: The pause that refreshes](https://www.cgteam.com/nonprofit-board-retreats-the-pause-that-refreshes/) - [Verify Donations to Tax-Exempt Organizations](https://www.cgteam.com/verify-donations-to-tax-exempt-organizations/) - [Put a QOE report to work for you](https://www.cgteam.com/put-a-qoe-report-to-work-for-you/) - [NJ Health Insurance Mandate](https://www.cgteam.com/nj-health-insurance-mandate/) - [Security Summit](https://www.cgteam.com/security-summit/) - [Writing a Winning Grant Proposal](https://www.cgteam.com/writing-a-winning-grant-proposal/) - [NJ Use Tax](https://www.cgteam.com/nj-use-tax/) - [What’s in a Name? A Lot after Nearly 40 Years!](https://www.cgteam.com/rebrand-press-release/) - [Why You Should Run Your Nonprofit Like a Business](https://www.cgteam.com/why-you-should-run-your-nonprofit-like-a-business/) - [NJ Tax Payment Plans](https://www.cgteam.com/njtaxpaymentplans/) - [IRS Revising EIN Process](https://www.cgteam.com/irs-ein-process/) - [Pretax Transportation Benefits](https://www.cgteam.com/pretax-transportation-benefits/) - [New Jersey Tax Authority Sets a Tax Amnesty](https://www.cgteam.com/new-jersey-tax-authority-sets-a-tax-amnesty/) - [Time to Step Up Cyber Security](https://www.cgteam.com/time-to-step-up-cyber-security/) - [Important Tax Deadlines Approaching](https://www.cgteam.com/important-tax-deadlines-approaching/) - [NJ Tax & Online Meal Orders](https://www.cgteam.com/nj-tax-online-meal-orders/) - [NJ Stormwater Tax](https://www.cgteam.com/nj-stormwater-tax/) - [New Jersey Clarifies the Definition of "Marketplace Facilitators"](https://www.cgteam.com/nj-marketplace-facilitator/) - [Tax Season to Start January 28](https://www.cgteam.com/jan-28-tax-season/) - [New Jersey Grants Automatic Extensions to Some Fiscal Year Tax Filers](https://www.cgteam.com/nj-auto-extensions/) - [IRS Issues Final Regulations on Sec. 199A QBI Deduction](https://www.cgteam.com/irs-issues-final-regulations-on-sec-199a-qbi-deduction/) - [New Jersey Levies Corporation Business Surtax](https://www.cgteam.com/nj-corp-biz-surtax/) - [Tax Rates Get a Closer Look](https://www.cgteam.com/tax-rates-get-closer-look/) - [Summary of Important Tax Changes for 2018](https://www.cgteam.com/summary-of-important-tax-changes-for-2018/) - [Ways to Pay If You Owe Federal Taxes](https://www.cgteam.com/ways-to-pay-federal-taxes/) - [Protect Yourself and Your Data](https://www.cgteam.com/protect-data/) - [NJ DOT Updated Filing Status](https://www.cgteam.com/nj-dot/) - [New Twist on the IRS Impersonation Phone Scam](https://www.cgteam.com/beware-phone-scam/) - [Updated FAQs for Remote Sellers](https://www.cgteam.com/remote-sellers/) - [Tax Reform: What's New For Your Business](https://www.cgteam.com/tax-reform-publication/) - [NJ Voluntary Compliance Program](https://www.cgteam.com/nj-vcp/) - [Tax Reform Changes](https://www.cgteam.com/tax-reform-changes/) - [Events](https://www.cgteam.com/events/) - View our Upcoming Events Here and See What We're Doing Around Town. - [test](https://www.cgteam.com/test/) - [Sitemap](https://www.cgteam.com/sitemap/) - [Featured Products](https://www.cgteam.com/featured-products/) - [FaQs](https://www.cgteam.com/faqs/) ## Teams - [Ryan Haag](https://www.cgteam.com/team/ryan-haag/) - [Christina Lazaro](https://www.cgteam.com/team/christina-lazaro/) - [Fred LaMarca](https://www.cgteam.com/team/fred-lamarca/) - [DONALD A. 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