Cg Tax, Audit & Advisory

Last Thursday, we had a chance to celebrate the our amazing 2024 Summer Intern Team with some pizza and indoor mini golf! Thank you to Nick, Ryan, Aiyana, Liz, Salissa, and Anna for all of your hard work this summer and for choosing to intern at Cg Tax, Audit & Advisory. Another thank you to all the Cg Team members, and especially our Cg Intern Buddies, Jon, Jerry, Deanna & Aldin for all they do to for our Internship Program. #intern #internship #summerinternship #cgintern #cgteam #cgtaxauditandadvisory

Are you familiar with Health Savings Accounts (HSAs)? These are accounts that participants, their family members and employers can contribute to on a tax-advantaged basis. Such contributions are considered employer-provided coverage of medical costs and are therefore excludable from the employer’s income. The 2024 limit for employee and employer contributions combined is $4,150 for individual accounts and $8,300 for family HSAs. These limits will rise in 2025 to $4,300 and $8,550, respectively. Note that a business generally can offer an HSA to an employee covered under a high-deductible health plan but no other health insurance. Contact us for specific details: https://bit.ly/3jcyo8o #tax #taxes #healthsavingsaccount #hsa #healthinsurance #employee #employer #cg #cgtaxauditadvisory

The Cg Internship Program is now hiring! Learn from experienced accounting professionals and get a feel for what busy season is like during our 2025 Tax Season program. We provide college students with a real-life and hands-on experience in the field of accounting. Learn more about the program and apply on our website: https://bit.ly/3A6SpIr #intern #internship #accounting #taxseason #taxseasoninternship #summerinternship #cginternshipprogram #cgintern #cg #cgtaxauditadvisory

Health insurers, employers that sponsor self-insured health plans and other minimum essential coverage providers are required to report certain coverage information to the IRS. The tax agency uses it to determine employer shared responsibility penalties and eligibility for premium tax credits under the Affordable Care Act (ACA). The IRS has just released final forms and instructions for 2024 ACA-related reporting. They’re relatively unchanged from 2023, although new instructions update some penalties. Forms 1094-B and 1094-C should be filed by Feb. 28, 2025 (paper), or March 31, 2025 (electronically). For more details: https://bit.ly/3NkpDtq or contact the Cg Team: https://bit.ly/3jcyo8o #tax #taxes #employer #insurance #healthinsurance #insuranceplan #irs #affordablecareact #cg #cgtaxauditadvisory

The Cg Team is hiring! We are looking for a Tax Supervisor to join our team of tax professionals. Applicants should be experienced in reviewing and preparing certain Federal and state income tax returns, and maintaining an understanding of United States tax reform legislation and guidance. Learn more about Cg and apply on our website: https://bit.ly/2PhstUL #hiring #hiringnow #careeropportunities #career #tax #taxsupervisor #accounting #accountant #cpa #worklifebalance #qualityoflife #hybridwork #remotework #cg #cgtaxauditadvisory

Happy Sukkot to all celebrating! Enjoy this special time with your loved ones.

Now that the last quarter of 2024 is here, it’s a good time for accrual-basis businesses to clean up their books and possibly lower their taxes. Review your receivables to see if there are any bona fide business debts that have become uncollectible. If so, you may be able to take a bad debt tax deduction for them. To qualify, you must be able to show you’ve taken reasonable steps to collect and have determined there’s no realistic chance of payment. An example would be if the debtor is in bankruptcy. You must show the debt was charged off this year. Also, the debt must’ve been previously included in taxable income. For that reason, cash-basis businesses are ineligible. Contact us for help: https://bit.ly/3jcyo8o #tax #taxes #business #businesses #bookkeeping #cg #cgtaxauditadvisory

Looking forward to attending and thrilled that Cg Tax, Audit & Advisory is sponsoring the New Jersey Women Lawyers Association Fall Kick Off Event tonight! #forensicaccounting #businessvaluation #Cg #womennetworking Register here to join us -> https://lnkd.in/e3M8EVGq

Episode 70 of the Cg Business Advisor podcast is now live! This episode features Alan Hester, President of Nividous Software Solutions. Alan has been a leader in the technology space for over 25 years and has extensive insight into leveraging modern technology to help businesses achieve peak performance. In this episode, he discusses the ever-prevalent topic: artificial intelligence, how software can improve business performance, as well as the benefits and drawbacks of automation. Listen to the episode via the link below, and listen to other Cg Business Advisor episodes here: cgbusinessadvisor.com #podcast #podcasting #technology #ai #artificialintelligence #software #business #businessperformance #automation #scottsonair #cg #cgbusinessadvisor #cgtaxauditadvisory

#WeAreHiring Cg Tax, Audit & Advisory is looking for an experienced Tax Manager to join our tax team. This professional should have 5+ years in accounting under their belt, client management experience, and a CPA license is preferred. To learn more about the role and about Cg, check out our website: https://bit.ly/2PhstUL #hiring #careers #careeropportunities #tax #manager #cpa #worklifebalance #qualityoflife #hybridwork #remotework #cg #cgtaxauditadvisory