Tax Breaks for Grandparents
More and more individuals who thought their child-rearing days were over are now raising their grandchildren. It is estimated that 6.5 million childre…
Author: CG Accounting Group
Video Tip: Tax Ramifications of Disposing of an Old Vehicle
Are you disposing of an old vehicle? Whether you are trading in, selling, or donating, different methods may lead to different tax ramifications. Watch this video for a quick overview of what you can do with your old car and how that will affect your taxes.
Our Olympic Champs Get a Tax Break
You may not realize this, but in addition to winning an Olympic medal, winners are compensated by the U.S. Olympic Committee with prize money: $37,500…
Here’s What Happened in the World of Small Business in August 2021
In this small business breakdown, we discuss important current events that are affecting small businesses across the United States. Here’s the top n…
Video Tip: Beware of Scammers and Fake Charities
Are you aware of phone scammers out there who claim they are from fake charity organizations, asking for donations from honest taxpayers? Watch this video to know what you should watch out for and how to protect yourself from scammers.
Oatly: A Shining Example of What an Entrepreneur Can Accomplish
One reason Oatly became a success was because they focused on those who could advocate for them: baristas….
4 of the Most Common IRS Tax Problems
There are a variety of issues taxpayers can run into with the IRS. This breakdown discusses 4 of the most common tax problems that will cause you to r…
With the Potential Higher Capital Gains Rate Looming Interest in Opportunity Zone Funds Renews
The U.S. Treasury recently released the Biden administration’s 2022 Fiscal Year Budget, that includes a general explanation of the administratio…
Small Businesses: Here’s How the U.S. Supreme Court Wayfair Decision Affects You
The Supreme Court’s Wayfair decision in 2018 forever impacted the tax liabilities of businesses who sell across state lines….
Video Tip: A Quick Look into Higher Education Tax Credits
The cost for higher education is expensive, but it can be offset with federal tax credits. In this video, we will discuss the American opportunity tax credit (AOTC) and the lifetime learning credit (LLC).
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