CGC Accountants & Advisors

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.

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.

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?

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.

To say COVID-19 has made 2020 a disastrous year for just about everyone would be an understatement. However, 2020 has given rise to more than the usual tax-planning opportunities. Thus, you may find it appropriate to schedule a tax-planning appointment well before the close of the year to take advantage of the tax benefits and strategies available for 2020.