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04 Mar

Coronavirus Tax Filing & Payment, Federal Tax

IRS Guidance on Employee Retention Credit

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March 4, 2021

In Notice 2021-20, the IRS provides guidance on claiming the employee retention tax credit for calendar quarters in 2020. The guidance clarifies details about the credit and describes retroactive changes made under a law...

04 Mar

CG News, Coronavirus Tax Filing & Payment, COVID-19 Firm News, Tax

ALERT: Anticipated Tax Filing Extenstions

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March 4, 2021

CPA firms across the country, including Cg, are experiencing challenges with meeting the tax filing deadlines for partnerships, corporations, and individuals due to new tax laws, economic relief considerations, and tax agency delays related...

03 Mar

Employer

NJ to Launch Mandatory Retirement Savings Program Next Month

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March 3, 2021

New Jersey will be one of the first states to launch a mandatory retirement savings program next month. The new law mandates that New Jersey business owners who have been operating for two or...

03 Mar

Individual Tax

Didn’t Contribute to an IRA Last Year? There Still May Be Time

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March 1, 2021

If you’re getting ready to file your 2020 tax return, and your tax bill is higher than you’d like, there might still be an opportunity to lower it. If you qualify, you can make...

02 Mar

Federal Tax

Standard Deduction vs. Itemized Deductions

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March 2, 2021

When filing your tax return, is it better to take the standard deduction or claim itemized deductions? It depends. The standard deduction changes yearly and is based on filing status and age. Itemizing requires...

02 Mar

SBA

PPP Revisions Target Smallest Businesses

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March 1, 2021

The Biden administration has announced several reforms to the popular Paycheck Protection Program (PPP) to bring greater relief to the smallest and most vulnerable businesses. Among other things, the administration is imposing a two-week...

01 Mar

Federal Tax

Kia Models Added to List of Vehicles Eligible for Electric Vehicle Tax Credit

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March 1, 2021

The IRS has added two Kia models to the list of vehicles eligible for an electric vehicle tax credit. The tax code provides a federal credit of up to $7,500 to purchasers of qualifying...

26 Feb

Nonprofit

How Nonprofits Can Work With Social Media Influencers

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February 17, 2021

With the competition for donation dollars fierce right now, many nonprofits are turning to influencers — from Hollywood celebrities to politicians to blog stars — to raise awareness of their organizations and causes. But...

25 Feb

Federal Tax

It’s Full Speed Ahead for Tax Season!

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February 16, 2021

It’s full speed ahead for the 2020 tax season now that the IRS is accepting returns. Here are some IRS tips to help you avoid common errors that will slow the filing process and...

24 Feb

Federal Tax

New Plug-In Vehicle Models for Tax Break

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February 18, 2021

New Ford and Porsche models join the ranks of plug-in vehicles available for a lucrative tax break. Buyers of certain electric passenger vehicles and light trucks can claim a credit for up to $7,500....

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Posts by cgadmin

IRS Guidance on Employee Retention Credit

ALERT: Anticipated Tax Filing Extenstions

NJ to Launch Mandatory Retirement Savings Program Next Month

Didn’t Contribute to an IRA Last Year? There Still May Be Time

Standard Deduction vs. Itemized Deductions

PPP Revisions Target Smallest Businesses

Kia Models Added to List of Vehicles Eligible for Electric Vehicle Tax Credit

How Nonprofits Can Work With Social Media Influencers

It’s Full Speed Ahead for Tax Season!

New Plug-In Vehicle Models for Tax Break