cgadmin | Cg Tax, Audit & Advisory

12 Oct

IRS Protection of Taxpayer Return Information

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October 9, 2020

The IRS recently issued a statement about the protection of taxpayers’ return information. The release reaffirms the “extensive measures” the IRS reportedly has in place to monitor and prevent unauthorized access to, and disclosure...

12 Oct

Business

4 Steps to Improving Your Company’s Sales

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October 8, 2020

Most salespeople would tell you that there are few better feelings in life than closing a deal. This is because guiding a customer through the sales process and coming out the other side with...

10 Oct

Coronavirus Tax Filing & Payment, Federal Tax

Extended EIP Registration Deadline

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October 7, 2020

Do you know someone who isn’t required to file a tax return and hasn’t yet received an Economic Impact Payment (EIP)? The IRS has announced that the deadline to register for an EIP is...

09 Oct

Federal Tax

Does Your Business Owe an Excise Tax?

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October 8, 2020

What are excise taxes and does your business owe them? An excise tax is imposed on the sale of specific goods or services, or on certain uses. It’s generally imposed on sales of items...

09 Oct

Nonprofit

Your Nonprofit May Have a License to Print Money

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October 7, 2020

In this pandemic year, many nonprofits are scrambling to find new sources of revenue to replace donor contributions and other lost income. If this sounds like your charity, you might want to consider licensing...

08 Oct

Federal Tax, Helpful COVID-19 Links

Important Business Closure Steps

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October 7, 2020

One unfortunate fallout of the COVID-19 pandemic is that some businesses are closing permanently. If you’re considering a closure, be prepared to address several issues, along with your tax advisor. The IRS has redesigned...

08 Oct

Individual Tax

There May Be Relief From Tax Liability for “Innocent Spouses”

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October 6, 2020

If you file a joint tax return with your spouse, you should be aware of your individual liability. And if you’re getting divorced, you should know that there may be relief available if the...

07 Oct

Coronavirus Healthcare, Federal Tax

Transition Relief for 2020 Health Coverage Reporting

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October 7, 2020

The IRS has issued transition relief for 2020 related to health coverage reporting required by the Affordable Care Act. In Notice 2020-76, the IRS extended due dates for certain 2020 information reporting requirements for...

07 Oct

Coronavirus Healthcare, Employer

Extended Benefit Claims and Appeals Periods During COVID-19

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October 6, 2020

In response to the COVID-19 pandemic, federal agencies have extended certain claims and appeals periods for employee pension benefits plans subject to the Employee Retirement Income Security Act (ERISA). The relief also applies to...

06 Oct

Federal Tax

Business Owners: No Change to a Key E-File Mandate

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October 5, 2020

A reminder for business owners: For now, no change to a key e-file mandate. Businesses that file at least 250 of information returns (such as Forms 1099) in a calendar year are required to...

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Posts by cgadmin

IRS Protection of Taxpayer Return Information

4 Steps to Improving Your Company’s Sales

Extended EIP Registration Deadline

Does Your Business Owe an Excise Tax?

Your Nonprofit May Have a License to Print Money

Important Business Closure Steps

There May Be Relief From Tax Liability for “Innocent Spouses”

Transition Relief for 2020 Health Coverage Reporting

Extended Benefit Claims and Appeals Periods During COVID-19

Business Owners: No Change to a Key E-File Mandate