G&G CPA's Small Business & Tax Blog

The IRS recently announced various 2024 inflation-adjusted federal tax amounts that affect individual taxpayers. Most of the federal...

If you own an unincorporated small business, you probably don’t like the size of your self-employment (SE) tax bills. No wonder! For...

If you have a child or grandchild in college — congratulations! To help pay for the expenses, many parents and grandparents saved for...

If you’re a parent or grandparent with college-bound children, you may want to save to fund future education costs. Here are several...

Socking away money in a tax-advantaged retirement plan can help you reduce taxes and help secure a comfortable retirement. If your...

You may think you don’t need to make any estate planning moves because of the generous federal estate tax exemption of $12.92 million for...

If you’re the owner of an incorporated business, you know there’s a tax advantage to taking money out of a C corporation as compensation...

The IRS already started accepting and processing tax return 2022 tax returns. Even if you typically don’t file until much closer to the...

If your small business has a retirement plan, and even if it doesn’t, you may see changes and benefits from a new law. The Setting Every...

If you’re a parent or grandparent with college-bound children, you may want to save to fund future education costs. Here are several...

Although the national price of gas is a bit lower than it was a year ago, the optional standard mileage rate used to calculate the...

SECURE 2.0 law may make you more secure in retirement A new law was recently signed that will help Americans save more for retirement,...

If you’re launching a new business venture, you’re probably wondering which form of business is most suitable. Here is a summary of the...

Now that Novermber is here, it’s a good time to start taking steps that may lower your tax bill for this year and next. One of the first...

Inflation means you and your employees can save more for retirement in 2023 How much can you and your employees contribute to your...

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $160,200 for...

You and your small business are likely to incur a variety of local transportation costs each year. There are various tax implications for...

IRS audit rates are historically low, according to a recent Government Accountability Office (GAO) report, but that’s little consolation...

In today’s tough job market and economy, the Work Opportunity Tax Credit (WOTC) may help employers. Many business owners are hiring and...

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2022. Keep in mind...