cgadmin | Cg Tax, Audit & Advisory

29 Mar

3 Ways Your Business Can Uncover Cost Cuts

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March 21, 2023

Every business wants to find them, but they sure don’t make it easy. We’re talking about cost cuts: clear and substantial ways to lower expenses, thereby strengthening cash flow and giving you a better...

28 Mar

Federal Tax, Tax

Be Aware of Fuel Tax Credit Scammers This Tax Season

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March 28, 2023

A tax scam to be wary of this tax season is third-party promoters pushing improper Fuel Tax Credit claims. Improper credits continue to be an area of focus for IRS auditors. The Fuel Tax...

27 Mar

Federal Tax, Tax

The Inflation Reduction Act: Renewable Energy Tax Credits

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March 16, 2023

The Inflation Reduction Act (IRA) features several renewable energy and efficiency-related tax credits that may benefit homeowners and businesses in 2023. These include extending the Energy Efficient Home Improvement Credit through 2032 and increasing...

24 Mar

Federal Tax, Tax

Medical Expense Deductions

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March 22, 2023

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. Generally, to be deductible, medical care expenses...

23 Mar

Federal Tax, Tax

Taxpayers Over 72: Don’t Miss the RMD Deadline

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March 14, 2023

Did you or someone you know turn 72 in 2022? For most of these taxpayers, April 1, 2023, is the last day to begin receiving required minimum distribution (RMD) payments from traditional IRAs, 401(k)s...

21 Mar

Federal Tax, Tax

IRS Warns of Employee Retention Credit Scammers

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March 21, 2023

Individuals and businesses alike need to be aware of a widely-circulating scam involving the Employee Retention Credit (ERC). Be on the lookout for promoters, radio advertisements, and internet advertisements claiming large-scale tax refunds from this...

21 Mar

CG News

Cg Recognized as 2023 Top Regional Leader by Accounting Today

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March 21, 2023

Tinton Falls, NJ, March 21, 2023 – For the fourth consecutive year, Cg Tax, Audit & Advisory (“Cg”), a leading accounting and consulting firm, has been named one of Accounting Today’s ‘Top Regional Leaders’...

20 Mar

Federal Tax, Tax

New Tax Scams Encourage Taxpayers to Make False Claims

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March 9, 2023

Among the many scams taxpayers should be aware of this filing season is one involving Form 7202, Credits for Sick Leave and Family Leave for Certain Self-Employed Individuals. Some filers have been falsely encouraged...

16 Mar

Federal Tax, Tax

President Biden’s Proposed Budget Includes Notable Tax Provisions

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March 15, 2023

President Biden has released his proposed budget for the federal government for the 2024 fiscal year. The budget, which aims to cut the deficit by nearly $3 trillion over 10 years, includes numerous provisions...

14 Mar

Federal Tax, Tax

An Extension to File Taxes Isn’t an Extension to Pay Taxes

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March 13, 2023

April 18th is the deadline to file your 2022 tax return and pay any tax due. If you can’t file on time, you can request a six-month extension to file. However, any tax owed...

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Posts by cgadmin

3 Ways Your Business Can Uncover Cost Cuts

Be Aware of Fuel Tax Credit Scammers This Tax Season

The Inflation Reduction Act: Renewable Energy Tax Credits

Medical Expense Deductions

Taxpayers Over 72: Don’t Miss the RMD Deadline

IRS Warns of Employee Retention Credit Scammers

Cg Recognized as 2023 Top Regional Leader by Accounting Today

New Tax Scams Encourage Taxpayers to Make False Claims

President Biden’s Proposed Budget Includes Notable Tax Provisions

An Extension to File Taxes Isn’t an Extension to Pay Taxes