CGC-Mroz Accountants & Advisors - Some Monday Motivation for our friends and colleagues.
It's always nice to get 5-star reviews from our clients. Thank you again for the kind words. Our #tax and #accounting team are here to deliver nothing but the best service to our clients. You can view this review at: https://www.taxbuzz.com/find-the-best-tax-preparer/california/palm-desert/cgc-accountants-advisors/reviews
If you are receiving temporary home mortgage relief under the CARES Act or in danger of having your home repossessed, know that any debt relief can have an impact on your taxes. Watch this video to find out more.
COACHELLAVALLEYWEEKLY.COM
ARE YOU PREPARED? | Coachella Valley Weekly
CGC-Mroz Accountants & Advisors has a fun tax fact to share with you.
The federal credit for the purchase and installation costs of a residential solar-power system is fading away and will no longer be available after 2021; plus, the credit itself is being reduced.
CGCBIZ.COM
Solar Tax Credit is Sunsetting Soon
A little inspiration from CGC-Mroz Accountants & Advisors. Wednesday Wisdom
The SBA has released yet another simplified application for PPP loan forgiveness: SBA Form 3508S. This form can only be used if the total PPP loan amount received by the borrower from their lender was $50,000 or less.
CGCBIZ.COM
The SBA Issues a Simplified PPP Loan-Forgiveness Application
If you have lost your job, there are a number of tax issues you may encounter. How you deal with these issues can profoundly impact your taxes and finances. Watch this video to learn more about some typical issues.
Looking for a sign? Here's your Monday Motivation from Palm Desert based CGC-Mroz Accountants & Advisors
COACHELLAVALLEYWEEKLY.COM
THE TINA EFFECT | Coachella Valley Weekly
Kelli Cox
October 9 at 6:36 AM ·
Back to beautiful desert mornings!
Are you an investor in stocks, bonds, mutual funds, etc.? If so, when you sell those securities, you will undoubtedly want to minimize your gains or maximize your losses for tax purposes. To do that, you'll need to know your tax basis in the investment (asset), which makes it important to keep track of the basis in all your investments.
CGCBIZ.COM
Are You Keeping Track of Your Investment Basis?
@scytron
PROCONNECT.INTUIT.COM
Morale boosters: Keeping your staff motivated
QUICKBOOKS.INTUIT.COM
Putting back the pieces: How to reconstruct financial records after disaster - QuickBooks
Here's some motivation for your Monday from CGC-Mroz Accountants & Advisors
It is Monday and we need coffee! Asia & Radhika made their homemade horchata lattes to start their work day. What is your go to coffee order? #savings #coffeetime #teamwork
Here is a fun fact for your Friday from CGC-Mroz Accountants & Advisors.
CGC-Mroz Accountants & Advisors has the motivation you need to get going this Monday.
Payroll tax returns are due at the end of the month! Did you do them yet? If not we are here to help. #payroll #taxes #planning
First, there was the usual April 15th deadline. Then, there was July 15th. If you filed for an extension, your deadline was October 15th - and now that date has come and gone. What happens now if you missed it?
CGCBIZ.COM
What Happens if I Missed the October 15th Tax Extension Deadline?
CGC-Mroz Accountants & Advisors has a fun tax fact to share with you.
We are going to be binge watching Huluween this weekend! What is your favorite scary movie? #halloween #scarymovies #spooky
Operating a SMB is hard work - and it's vital to know the financial health of your business at any time. Whether you're assembling your financial reports yourself or have hired professional help (like us), here are 12 metrics that can help you monitor your success.
CGCBIZ.COM
12 Financial Metrics Small Business Owners Should Track
Some insider tax knowledge from CGC-Mroz Accountants & Advisors.
Married? Single? Head of House? We never know what the status of Kylie Jenner and Travis Scott's relationship is, but you can! Go to https://rb.gy/arkvpr and take the "What is my Filing Status?" questionnaire on the IRS website to find out.
A frequent question is whether inherited assets are taxable. Generally, they are not until they are sold, and then only to the extent that the sales price exceeds the fair market value of the asset at the time of the decedent's death. There are exceptions to this rule, such as traditional IRAs and other deferred untaxed income of the decedent.
CGCBIZ.COM
Is That Inheritance Taxable?
Tap into your full potential. Wednesday Wisdom from CGC-Mroz Accountants & Advisors
A lot of people ask us what happens after tax season, this is all we have to say...#vacation #vacaymode #beachtime
An individual must have compensation in order to contribute to an IRA, unless the individual is a non-working or low-earning spouse who is allowed to contribute to his or her own IRA based upon the compensation of the working spouse.
CGCBIZ.COM
Don't Miss the Opportunity for a Spousal IRA
Transform your life. Wednesday Wisdom from CGC-Mroz Accountants & Advisors
When you get an IRS notice this is your initial reaction. Don't stress we have our senior tax specialist Brian, who has worked with the IRS for over 30 years. He can get you out of anything. Give us a call to schedule an appointment. #IRS #pain #taxbill
The IRS has warned taxpayers of a clever scheme by internet scammers to dupe taxpayers into revealing their bank account information under the guise of receiving the $1,200 Economic Impact Payment.
CGCBIZ.COM
Beware of New Text Scam Related to Stimulus Payments
Winter in the Desert...Cold in the morning hot in the afternoon. Everyone dressed a little different today, we're ready for cooler weather!
First Snow of the season!
Breathtaking views from our balcony.
#snowday #desertwinter #winter
PDACC.ORG
Home - Palm Desert Area Chamber of Commerce
Pamela Scannell shared a link to the group: Business Recovery Alliance: Coachella Valley.
November 9 at 12:49 PM ·
Financial Options for your Business. Breakfast Zoom Panel Nov 10th, 7:00am
Register now at pdacc.org, click on the calendar for tomorrow. We will have the SBA, SBDC, Pacific Premier Bank, Accion micro-lender and Enterprise Funding.
Pamela Scannell shared a link to the group: Business Recovery Alliance: Coachella Valley.
November 9 at 12:49 PM ·
Financial Options for your Business. Breakfast Zoom Panel Nov 10th, 7:00am
Register now at pdacc.org, click on the calendar for tomorrow. We will have the SBA, SBDC, Pacific Premier Bank, Accion micro-lender and Enterprise Funding.
Coachella Valley Economic Partnership
11 hrs ·
At The Summit, economist Dr. Manfred Keil will share his economic report and forecast for Greater Palm Springs. Understand the impacts of COVID on tourism, housing, and other critical local industries as well as what our recovery may look like. Thursday, November 19 at 9:00 a.m.
This free livestream event is made possible by our sponsors. RSVP by Wednesday at 5:00 p.m. at https://cvep.com/summit/
If you plan to start a new business, there are a number of decisions and possible elections you can make that will influence what form of business you select and how you decide to deduct costs. These choices can affect the tax outcome of your business for years to come.
CGCBIZ.COM
New Business? Tax Issues to Consider
An individual must have compensation in order to contribute to an IRA. However, a non-working or low-earning spouse is allowed to contribute to his or her own IRA based upon the compensation of the working spouse. Watch this video to learn more.
Set yourself up for success with Monday Motivation from CGC-Mroz Accountants & Advisors
Brace yourself winter is coming, but will the snowbirds return this winter? #desertlife #snowbirds #winter
CGC-Mroz Accountants & Advisors has a fun tax fact to share with you.
A little inspiration from CGC-Mroz Accountants & Advisors to start your week.
We all have our favorite game shows such as Wheel of Fortune, The Price is Right, and Let's Make A Deal, and we love to have the contestants win big. Unfortunately, those winnings are taxable on the contestant's state and federal tax returns. See what can happen by watching this video.
Did you receive an IRS CP2000 notice (also known as an underreporter inquiry) in the mail? First step: Contact our office. Second step: Don't panic. We'll help you through the whole process.
CGCBIZ.COM
What Happens if I Receive an IRS CP2000 Notice?
CGC-Mroz Accountants & Advisors has a fun tax fact to share with you.
We all started out somewhere...before becoming a CPA Kelli was an equestrian in Napa Valley. What was your first job?
It is a common practice this time of year for employers to give their employees gifts. Where a gift is infrequently offered and has a low fair market value, it would be treated as a de minimis fringe benefit. As such, it would be tax-free to the employee, and its cost is tax deductible by the employer.
CGCBIZ.COM
Employee Holiday Gifts May Be Taxable
Katie SticeBusiness Recovery Alliance: Coachella Valley
November 28 at 7:04 AM ·
Here's your tax fact of the week from your friends at CGC-Mroz Accountants & Advisors.
Don't go crazy this Black Friday #paybills #treatyoself #blackfriday2020
Wednesday Wisdom from your friends at CGC-Mroz Accountants & Advisors
As Thanksgiving is approaching CGC wanted to say we are thankful to our clients #thankful #friendsgiving #turkey
Some folks have been tapping or suspending their retirement savings to make ends meet during this COVID-19 pandemic, and although understandable, it is important to resume savings as quickly as financially possible. Still others have simply been ignoring the need to save for their retirement, which can have an unpleasant result when it comes time to retire. Many tax-benefitting retirement options are available.
CGCBIZ.COM
Don't Fall Behind in Saving for Retirement
What is your go to Christmas gift this year? #isurvived2020 #toiletpaperoutage #covidchristmas
If you use workers other than employees to perform services for your business and pay them $600 or more for the year, you are required to issue each of them a Form 1099-NEC after the end of the year to avoid facing the loss of the deduction for their labor and expenses.
CGCBIZ.COM
Your Annual Reminder to File Worker 1099s
Get inspired. Some Wednesday Wisdom from Palm Desert based CGC-Mroz Accountants & Advisors
Do you or your employees travel for work? It's important to keep track of of your tax deductible business mileage. Find out how to to track your mileage in Quickbooks! https://bit.ly/2J8zsNG #trackingtips #travel #miles
The holiday season is customarily a time to give gifts, whether to your favorite charity, family members or others. Some gifts even provide a variety of tax benefits but be on the lookout for holiday gift-giving scammers.
CGCBIZ.COM
Year-End Gift Giving with Tax Benefits
It's Radhika's Birthday today! She is one of our staff accountants and the talented baker who owns Whisking Up Love She bakes the world a better place with all her sweet treats! She even baked her beautiful birthday cake🎂
Who has their Christmas tree up?!
FORBES.COM
3 Retirement Planning Steps To Take Before 2020 Ends
If you sold your home this year or might do so in the near future, you should be aware of the many tax-related issues that could apply to that sale so that you will be prepared at tax time and not have to deal with unpleasant surprises.
CGCBIZ.COM
Sold or Thinking of Selling Your Home?
Gambling is a recreational activity enjoyed by individuals. Nevertheless, there are far more tax issues related to gambling than you might expect. Watch this video for a quick overview.
John Sloan is feeling positive at Law Office of Karen J. Sloat.
December 9 at 4:45 PM · Palm Desert, CA ·
"New #COVID19 Restrictions and 15 New California Laws"
Karen Sloat, Attorney at Law, specializing in Employment Law is having a FREE Zoom session to share with all of us the New COVID restrictions, as well as the 15 NEW California Employment regulations that take effect January 1, 2021.📚
This is a must for all employers. Join us on Thursday, December 17 at 8am to learn what Karen has to share with us.
📍Registration Zoom Link:
https://bit.ly/37MUOsl
Employee or independent contractor? This distinction decides whether your business issues a W-2 or 1099-NEC form to a specific wage earner. Here's everything you need to know about these forms and your annual wage reports.
CGCBIZ.COM
W-2 or 1099-NEC: Which Form Should Your SMB Use for Which Workers?
Here is a fun fact for your Friday from CGC-Mroz Accountants & Advisors.
Uuuhh Ooohhh! The Elves aren't feeling good. Looks like they will have to quarantine! #elfonshelf #staysafe #getwellsoon
Unless a taxpayer qualifies for an exception, distributions from a traditional IRA are both taxable and subject to a 10% early withdrawal penalty. After reaching age 72, a taxpayer must begin taking minimum required distributions or they are subject to a 50% under-distribution penalty.
CGCBIZ.COM
IRA Withdrawal Planning Can Save on Taxes
Need help making your FTB estimated tax payments online? We are at your service! Watch our 5 minute tutorial video hosted by Radhika. 💸 If you have any questions please call our office and you can ask for Asia or Radhika 🙋♀️
Need help making your IRS estimated tax payments online? We got you covered! Watch our 5 minute tutorial video hosted by Asia.🤑
Some Wednesday Wisdom from your friends at Palm Desert based CGC-Mroz Accountants & Advisors
After months of political bickering, Congress is finally passing a new COVID relief bill. Watch this video for a summary of what you can expect from this relief package.
We are watching Home Alone tomorrow! What is your favorite Christmas movie? #homealone #christmasmovies #hoidays
DESERTSUN.COM
La Quinta offering grants up to $10K to businesses hit by COVID-19 shutdown. How to apply
For low- and moderate-income workers, the saver's credit can be used to offset part of the first $2,000 workers can voluntarily contribute to an IRA or their employer's qualified retirement plan. It helps individuals who don't normally have the resources to set money aside for retirement and is available in addition to the other tax benefits associated with retirement plan contributions.
CGCBIZ.COM
Saver's Credit Can Help You Save for Retirement
This is our annual reminder for you to file worker 1099s if you use workers other than employees to perform services for your business.
CGCBIZ.COM
Video: Annual Reminder to File Your Worker 1099s
Many individuals are taking advantage of the historically low home-loan interest rates to buy their first home, sell their existing home to move up to a more expensive one, or refinance their existing mortgage. Some who currently own their homes free and clear are even taking out loans to lock in the low interest rates.
CGCBIZ.COM
What Are the Tax Advantages of Home Ownership?
After several months of the Republicans and Democrats bickering, they have finally passed COVID-related tax relief and the President has signed the bill.
CGCBIZ.COM
Finally, The COVID Relief Package Is Law
Start your week on the right foot with Monday Motivation from CGC-Mroz Accountants & Advisors
We want to know what you got for Christmas! #yougetagift #oprah #giveaway
The Living Desert
December 27 at 9:01 AM ·
Did you know your gift to #TheLivingDesert can help you too? Ask your tax professional about special tax benefits for gifts up to $300 – even if you don’t itemize. Support all you love about The Living Desert. #WinWin
🎁 LivingDesert.org/donate
CGC is wishing you a Happy Holidays!
Make your Monday great with this motivation from CGC-Mroz Accountants & Advisors
CGC is proud to be a sponsor of the Desert Horse Park Winter Circuit!
Desert International Horse Park
January 2 at 2:08 PM ·
Our desert home is so special because of the support of our sponsors 🌾 As we head into our winter circuit, we want to take a moment to thank our 2021 sponsors and partners for helping make our vision for DIHP possible 🌟
⬇️ Click below for a list of our sponsors and partners (and to support them supporting DIHP)!
https://deserthorsepark.com/sponsors-partners/
Photo © Katie Browne Photography
CGC is wishing you a Happy New Year 🍾! Hoping your 2021 will be better than 2020 😬
Get inspired. Some Wednesday Wisdom from Palm Desert based CGC-Mroz Accountants & Advisors
Many individuals are taking advantage of the historically low home-loan interest rates to buy their first home, sell their existing home to move up to a more expensive one, or refinance their existing mortgage. Some who currently own their homes free and clear are even taking out loans to lock in the low interest rates.
CGCBIZ.COM
What Are the Tax Advantages of Home Ownership?
Here is a fun fact for your Friday from CGC-Mroz Accountants & Advisors.
Great news for 2021 and 2022 only. The Taxpayer Certainty and Disaster Tax Relief Act of 2020 allows businesses to deduct 100%, instead of just 50%, of business meal expenses meeting certain requirements.
CGCBIZ.COM
Increased Business Meal Deductions for 2021 and 2022
Are you planning to buy your first home, upgrade from your existing one, or refinance your mortgage? Let's take a look at some tax advantages and drawbacks of homeownership.
Tap into your full potential. Wednesday Wisdom from CGC-Mroz Accountants & Advisors
The Internal Revenue Service recently issued the 2021 optional standard cents-per-mile rates for business, medical and moving purposes. However, you may find it in your best interest to keep track of actual expenses for 2021.
CGCBIZ.COM
2021 Standard Mileage Rates Announced
Make your Monday great with this motivation from CGC-Mroz Accountants & Advisors
CGC Accountants & Advisors updated their address.
Breaking: The IRS is delaying the beginning of the 2020 tax season to February 12, 2021
CNBC.COM
IRS delays start of tax filing season to Feb. 12
Here is a fun fact for your Friday from CGC-Mroz Accountants & Advisors.
USATODAY.COM
Overwhelmed by retirement planning? Here's how to prioritize your 401(k), Roth IRA and HSA contributions in 2021.
More aid on the way...
FORBES.COM
Tax Aspects of President-Elect Biden’s Proposed Stimulus Bill
For those who love learning: here's a tax fact from CGC-Mroz Accountants & Advisors.
Working from home isn't so bad...We are getting things done and keeping everyone safe. Hop on a zoom meeting with us anytime we'd love to see you! #taxseaon #zoommeetings #homeoffice
PATCH.COM
Palm Desert Doling Out $800K To Restaurants Needing Aid
IRS opens up the use of ID verification tax filing numbers to taxpayers nationwide as a means of protection against filing fraud. These numbers must be applied for and identities verified before issuance.
CGCBIZ.COM
IRS Offers New Identity Protection for Taxpayers
Happy Inauguration Day! 🎉
#2021 #president #whitehouse
Tap into your full potential. Wednesday Wisdom from CGC-Mroz Accountants & Advisors
Tap into your full potential. Wednesday Wisdom from CGC-Mroz Accountants & Advisors
Who else is missing the desert festivals and events this season? We were reminiscing on some of our favorite events from the past. What are your favorites? #coachella #fashionweekelpaseo #PSfilmfestival #modernismweek
PPP loans, payroll tax deferrals, the CARES Act, remote work - all of these are major topics to keep in mind as you file your 2020 business tax return. Here's a full breakdown.
CGCBIZ.COM
4 Questions Business Owners Should Consider During the 2020 Tax Season
It's tax time, and if you are like most taxpayers, you are probably facing the ominous chore of compiling records in preparation for your tax return. The task is never easy, but the effort usually pays off in the extra taxes you save! When you are fully prepared for your appointment, you'll have more time to explore additional deductions and consider a tax plan for the future.
CGCBIZ.COM
Tax Time is Around the Corner! Are You Ready?
ACCOUNTINGTODAY.COM
IRS offers option when PPP loan forgiveness is denied
It's go time! Palm Desert based CGC-Mroz Accountants & Advisors has some motivation for you today.
If you were a victim of a major natural disaster, the Taxpayer Certainty and Disaster Tax Relief Act of 2020 has special rules about retirement plan and IRA distributions, retirement plan loans, how to compute disaster losses, and relief for non-itemizers. Employers may qualify for a new employee-retention credit.
CGCBIZ.COM
Tax Relief for Victims of 2020 Natural Disasters
Bring us your tax docs by March 15th to ensure timely filing. Happy tax season!
A little inspiration from CGC-Mroz Accountants & Advisors to start your week.
Here are the business tax due dates for February 2021.
CGCBIZ.COM
February 2021 Business Due Dates
Here are the February 2021 individual tax due dates:
CGCBIZ.COM
February 2021 Individual Due Dates
Here's your tax fact of the week from your friends at CGC-Mroz Accountants & Advisors.
Set yourself up for success with Monday Motivation from CGC-Mroz Accountants & Advisors
The Internal Revenue Service recently issued the 2021 optional standard cents-per-mile rates for business, medical and moving purposes. Watch this short video to see if the new rates will affect your business.
Super Bowl Sunday 🔥 Who are you rooting for in the Big game? We are going to be too busy preparing tax returns. Don’t forget bring those tax documents we are Ready!
#superbowl #taxseason #gameday
For those who love learning: here's a tax fact from CGC-Mroz Accountants & Advisors.
Although day trading is neither illegal nor unethical, it can be highly risky. Most individual investors do not have the wealth, time, or temperament to make money or sustain the losses that day trading can bring. Satisfying the rules that permit special tax treatment for day traders is difficult.
CGCBIZ.COM
Day Trader Rules and Tax Treatment
New office who dis? Come visit us at our new location 73-733 Fred Waring Drive Suite 105, Palm Desert, CA 92260. Don't forget to bring your tax docs when you stop by to say hi!
Here is a fun fact for your Friday from CGC-Mroz Accountants & Advisors.
E-filing for individual returns starts today! BRING.IT.ON! #taxseason2020
The Employee Retention Credit has been extended through June 30, 2021, and significantly liberalized.
CGCBIZ.COM
Employee Retention Credit Extended
Wednesday Wisdom from your friends at CGC-Mroz Accountants & Advisors
Everyone say hi to our intern, Jillian Barbato ! We're excited to have her helping us during tax season!
The Consolidated Appropriations Act, 2021, which was passed late last December, included a very tax-beneficial provision that liberalized the interaction between PPP loans and the Employee Retention Credit.
CGCBIZ.COM
Interaction between PPP Loans and the Employee Retention Credit
Before deciding to get involved in a joint venture, business owners need to carefully assess how they plan to proceed. Here's a breakdown of what a joint venture really is.
CGCBIZ.COM
What Is a Joint Venture?
According to the Department of Labor, $36-$63 billion in improper unemployment payments have been made during the pandemic. If you receive a 1099-G for benefits you didn't receive, you may be a victim of fraud. Here's what to do.
CGCBIZ.COM
Unemployment Fraudsters May Create a Tax Nightmare for Unsuspecting Taxpayers
Send us your business documents by Monday to ensure timely filing! We are now less than a month away from the 3/15 deadline. If you need to go on extension please give us a call at the office 760-345-2570.
CGC-Mroz Accountants & Advisors has a fun tax fact to share with you.
Here are the March 2021 Business due date reminders:
CGCBIZ.COM
March 2021 Business Due Dates
Most taxpayers think they have to itemize their deductions to claim them on their tax returns. However, that is not entirely true. There are certain deductions that can be claimed while still using the standard deduction.
CGCBIZ.COM
Tax Deductions Without Itemizing
Incase you were missing $2 😂
Learn about taxes from your friends at Palm Desert based CGC-Mroz Accountants & Advisors.
We are here and we are ready for this New Adventure! 🎈
We are excited to serve our Coachella Valley Residents. We want to thank Rancho Mirage Chamber of Commerce for our ribbon cutting ✂️ceremony. And Katie Stice for these beautiful pictures! 🤩
Mom and pop businesses with fewer than 20 employees are given a 2-week exclusive application period for PPP Loans.
CGCBIZ.COM
Mom & Pop Businesses Move to Front of the Line for PPP Loans
Ribbon Cutting
Rancho Mirage Chamber of Commerce was live.
February 24 at 3:18 PM ·
A little inspiration from CGC-Mroz Accountants & Advisors. Wednesday Wisdom
FORBES.COM
3 Common Mistakes You Don’t Want To Make This Tax Season
Transform your life. Wednesday Wisdom from CGC-Mroz Accountants & Advisors
Find out what CGC is obsessed about! 🙀 What have you been obsessed with lately? We wanna know comment 👇
Required minimum distributions (RMDs) were suspended in 2020 due to the COVID-19 outbreak. However, barring any future extension of the suspension, RMDs will resume in 2021.
CGCBIZ.COM
Required Minimum IRA Distributions Will Resume in 2021
Because of the pandemic, the people who normally rely on the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) to make ends meet are adversely affected. To assist them, Congress came up with a special way to calculate the two credits for 2020.
Make your Monday great with this motivation from CGC-Mroz Accountants & Advisors
Tax reform brought good news and bad news regarding the home-office deduction. The good news is that it is still allowed for self-employed taxpayers, but the bad news is that it is currently not available for employees even when they are required to work from home during the COVID pandemic.
CGCBIZ.COM
Working from Home? Is there a Tax Deduction?
We often hear freelancers and gig workers discuss the freedom that comes with their career path, but going solo also creates complications in your finances. Here are 7 personal finance tips that can benefit anyone working in the freelance economy.
CGCBIZ.COM
7 Personal Finance Tips for Freelancers and Gig Workers
Rover.com was founded a decade ago at Seattle's Startup Weekend event, and the company has been wildly successful ever since. Here's the full story of how this pet care website came to be.
CGCBIZ.COM
The Inspiring Story of the Team Behind Rover.com
CGC-Mroz Accountants & Advisors has the motivation you need to get going this Monday.
The American Rescue Plan has passed, bringing great news for those who are unemployed. Watch this video for a summary of the expansion and changes to the unemployment benefits in 2021.
You better brie-lieve it! Not only does this look amazing it taste even better 😍 Thank you ITEX in the Desert Empire for the grazing table!
Your Friday tax fact from Palm Desert based CGC-Mroz Accountants & Advisors.
With the passage of the American Rescue Plan Act, Congress has substantially increased the child tax credit for 2021 and directed the IRS to establish an advance payment program for the last 6 months of the year.
CGCBIZ.COM
Big Increase in Child Tax Credit For 2021
Learn about taxes from your friends at Palm Desert based CGC-Mroz Accountants & Advisors.
The IRS has announced they are extending the filing due date for 2020 individual tax returns from April 15, 2021, to May 17, 2021, but with some limitations.
CGCBIZ.COM
IRS Extends Individual Return Filing Date
Great news if you are paying childcare expenses that enable you to work. As part of President Biden's American Rescue Plan Act, the child and dependent care tax credit has been substantially increased for 2021.
CGCBIZ.COM
Great News, Child Care Tax Credit Expanded for 2021
Here is some midweek Wednesday Wisdom inspiration from your friends at CGC-Mroz Accountants & Advisors
Tax season is here. What if you end up owing tax to the IRS and can't pay them immediately? This video will discuss a few options to consider when you don't have the funds to pay all of your tax liability.
The recently passed American Rescue Plan Act (ARPA) includes a provision for the federal government to pick up the cost of COBRA health coverage for employees' involuntary termination of their employment or reduction of hours subject to certain qualifications.
CGCBIZ.COM
Uncle Sam May Pick Up the Cost of Your COBRA Medical Coverage
Here's your tax fact of the week from your friends at CGC-Mroz Accountants & Advisors.
Thanks to some very liberal tax laws written to encourage investment in personal tangible equipment, including information technology (IT) equipment, many businesses will be able to expense (write off as a tax deduction) all such purchases.
CGCBIZ.COM
You Can Expense Business IT Purchases
Have a genius business idea? Not so fast. Before diving right in, be sure to consider these 3 areas: your audience, your competition, and your financial feasibility.
CGCBIZ.COM
How to Evaluate Your Business Idea Before Diving In
KIPLINGER.COM
Retirement Planning for the Self-Employed: 5 Options for Lowering Taxes and Maximizing Saving | Kiplinger
Here are the April 2021 business due date reminders:
CGCBIZ.COM
April 2021 Business Due Dates
Some Wednesday Wisdom from your friends at Palm Desert based CGC-Mroz Accountants & Advisors
