Federal Tax, Tax

New Nonrefundable Tax Credits for Equity Investments

The U.S. Treasury Department has announced $5 billion in New Markets Tax Credit (NMTC) awards. The NMTC Program allows taxpayers to receive a nonrefundable tax credit against federal income tax for making equity investments in Community Development Entities (CDEs). CDEs that receive the tax credit allocation authority under the program are domestic corporations or partnerships that provide loans, investments or financial counseling in low-income urban and rural communities. The award recipients are headquartered in 35 states and the District of Columbia. They’ll make nearly $1 billion in NMTC investments in nonmetropolitan counties. For more information on the NMTC: https://bit.ly/3NAAtuS or contact Cg. © 2022

Cg is a Premier Accounting Firm in NJ

Cg is a top accounting firm in NJ, with locations in Tinton Falls and Toms River.  Our certified public accountants provide accounting and tax services across the NJ, NY and CT area. The philosophy here at Cg is simple: Gather the best and brightest accomplished financial consultants from several industries. Develop a deep understanding of the client’s needs, operations, business strengths and weaknesses. Provide accurate assessments and evidence-based strategies to offer the most advantageous options for them. 

Accounting firms are not all created equal. You need an accredited team with specialized industry expertise and the financial acuity to ensure your success. That’s exactly what Cg provides to every one of our clients. We are backed by four decades of experience and take a practical, results-oriented approach with a focus on increasing profitability.

We provide business accounting services in NJ, NY and CT. Cg specializes in valuations, business audits, forensic accounting, financial consulting and more across a wide range of industries. 

 Give us a call at 732-676-4100.