cgadmin | Cg - Part 146

05 Dec

New Jersey Surtax on Corporate Business Taxpayers

Posted by cgadmin
December 4, 2019

New Jersey’s surtax on corporate business taxpayers nears its second year. The surtax rate has been 2.5% for tax years starting on or after Jan. 1, 2018, through Dec. 31, 2019. The rate becomes...

04 Dec

State & Local Tax, Tax

New Jersey Military Exemption

Posted by cgadmin
December 12, 2019

One of the lesser known ways of lowering your New Jersey tax liability is through the Veteran’s Exemption. This will lower your New Jersey tax, but it is specific in requirements and demands a...

03 Dec

Federal Tax, Tax

The Tax Cuts and Jobs Act (TCJA) resulted in changes for some business travelers. The IRS has issued guidance in Revenue Procedure 2019-48 for these travelers and their employers to clarify the changes. The...

02 Dec

A&A

Manage Your Working Capital More Efficiently

Posted by cgadmin
November 27, 2019

Working capital is the difference between a company’s current assets and current liabilities. For a business to thrive, its working capital must be greater than zero. A positive balance enables the company to meet...

26 Nov

Federal Tax, Tax

Utilize IRS Tax Exempt Organization Search When Giving Back

Posted by cgadmin
November 26, 2019

As the holidays near, many taxpayers are thinking about how they want to “give back” and donate to charities. An IRS tool lets taxpayers learn if the organizations they donate to qualify for a...

25 Nov

Nonprofit

Engage Supporters With Your Nonprofit’s Annual Report

Posted by cgadmin
November 25, 2019

Some of your not-for-profit’s communications are of interest only to a select group of your supporters. But your organization’s annual report is for all stakeholders — donors, grantmakers, clients, volunteers, watchdog groups and the...

19 Nov

Federal Tax, Tax

IRS Issues Taxpayer Guidance on Specific Deductible Expenses

Posted by cgadmin
November 18, 2019

The Tax Cuts and Jobs Act suspended miscellaneous itemized deductions for tax years beginning after Dec. 31, 2017, and before Jan. 1, 2026. To reflect the change, the IRS has updated rules for using...

18 Nov

A&A

How to Keep Track of Small Tools and Equipment

Posted by cgadmin
November 15, 2019

Whether it’s hard hats and drills on a jobsite, iPads in an office or RFID readers in a warehouse, small tools and equipment have a tendency to disappear at many companies. The cost of...

12 Nov

Federal Tax, Tax

You May Be Eligible for Tax Credits!

Posted by cgadmin
November 11, 2019

With the 2020 tax-filing season approaching, taxpayers may want to take time now to determine if they or their families are eligible for significant tax credits. For example, the Earned Income Tax Credit (EITC)...

07 Nov

Federal Tax, Tax

IRS Announces Tax Year 2020 Annual Inflation Adjustments

Posted by cgadmin
November 7, 2019

The IRS announced tax year 2020 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2019-44 provides details about these annual adjustments. The...

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Posts by cgadmin

New Jersey Surtax on Corporate Business Taxpayers

New Jersey Military Exemption

TCJA & Business Travel

Manage Your Working Capital More Efficiently

Utilize IRS Tax Exempt Organization Search When Giving Back

Engage Supporters With Your Nonprofit’s Annual Report

IRS Issues Taxpayer Guidance on Specific Deductible Expenses

How to Keep Track of Small Tools and Equipment

You May Be Eligible for Tax Credits!

IRS Announces Tax Year 2020 Annual Inflation Adjustments