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Author: CG Accounting Group

Retroactive Termination of the Employee Retention Credit

Retroactive Termination of the Employee Retention Credit
If you claimed the employee retention credit (ERC) in the fourth quarter of 2021, you better read this about a retroactive change affecting the credit…

Tax Information Reporting Requirement for Cryptocurrency Added by Infrastructure Bill

Tax Information Reporting Requirement for Cryptocurrency Added by Infrastructure Bill
Over the last 3 years, the Internal Revenue Service has been engaged in a virtual currency compliance campaign to address tax noncompliance related to…

Video tips: Tax Benefits for Holiday Gifting

You may be giving out lots of gifts this holiday season, but do you know thoughtful holiday gift-givers can receive tax perks? Watch this video to see how holiday giftings can bring tax benefits to you.

Tax Benefits Available to Disabled Taxpayers

Tax Benefits Available to Disabled Taxpayers
Disabled individuals, as well as parents of disabled children, may qualify for a number of tax credits and other tax benefits. Listed below are severa…

Start 2022 Off Right: Clean Up QuickBooks

Start 2022 Off Right: Clean Up QuickBooks
Is Your QuickBooks company file ready for 2022? 3 things you can do to put things in order….

Tax-Free Gifting

Tax-Free Gifting
If you are fortunate enough to have an estate large enough to be subject to the estate tax upon your death, you might be considering ways to give away…

Video tip: Tax-Advantage Saving Plans for Higher Education

Exploring ways to save up for your kid’s higher education? The federal tax code provides two beneficial saving plans that allow tax-free withdrawals for qualified education expenses. Watch the video for details.

Tax Benefits for Holiday Gifts

Tax Benefits for Holiday Gifts
Some holiday gifts you provide to members of your family, employees and others may also yield tax benefits—think of it as Santa Claus meets Uncl…

President Biden’s Build Back Better Act Passed by The House; Fate Now in the Senate’s Hands

President Biden's Build Back Better Act Passed by The House; Fate Now in the Senate's Hands
On November 19, 2021, the House of Representatives passed their proposed version of President Biden’s Build Back Better Act, which was substantially p…

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