There is a little-known disaster provision of the tax code that, where if an employer has adopted a leave-based donation program, the employees can fo…
Summer is almost here, and your children may be looking for a summer job. The standard deduction for single individuals increased from $12,550 in 2021…
If you hire a domestic worker to provide services in or around your home, you probably have a tax liability that you don’t know about…
Ultimately, it all comes down to the difference between salary and hourly pay employees…
U.S. citizens and resident aliens are taxed on their worldwide income, whether they live in the U.S. or in another country. However, qualifying U.S. c…
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…
President Biden signed the Infrastructure Investment and Jobs Act (IIJA) into law on November 15, 2021. One of the provisions of that legislation retr…
The Covid-19 pandemic has had a significant impact on the labor market – mandated government lockdowns and workers’ and customers’ fears of cont…
Like many small business owners, you probably find yourself very busy in the wake of the COVID slowdown and are getting back up to speed. But don&rsqu…
401(k) profit sharing plans are a great way to compensate employees in a tax-advantaged way. Here are the limitations on 401(k) profit sharing for 202…
19 120th Street
Ocean City, Maryland 21842
(410) 524-2720
FAX: (410) 524-5925
Join our Weekly Newsletter! We promise we won’t spam.
©2022 CG Accounting Group, LLC. All rights reserved.
