The TG Blog

Resources and articles to empower you and keep you up to date.

start-up

Budgeting is Key to a Successful Start-Up

September 16, 2019

More than half of recent college graduates plan to start a business someday, according to the results of a survey published in August by the American Institute of Certified Public Accountants (AICPA). Unfortunately, the AICPA estimates that only half of start-up businesses survive the five-year mark, and only about one in three reach the 10-year…

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equity-based compensation

Tax Implications of Equity-Based Compensation

September 11, 2019

Equity-based compensation is a powerful tool for attracting, retaining and motivating executives and other employees. By rewarding recipients for their contributions to your success, it aligns their interests with those of the company and provides them with an incentive to stay. Here’s a look at some of the more common types. Incentive stock options Stock…

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Q4 Tax Calendar Deadlines

2019 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers

September 10, 2019

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2019. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. October…

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Auditing grant compliance

Auditing Grant Compliance

September 9, 2019

Has your organization received any public or private grants to fund its growth? Grants sometimes require an independent audit by a qualified accounting firm. Here’s what grant recipients should know to help facilitate matters and ensure compliance at all levels. Federal compliance Federal awards require compliance with the Uniform Administrative Requirements, Cost Principles, and Audit…

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dc tax changes tax law

DC Reminds Residents and Businesses of Upcoming Changes to Tax Laws

September 5, 2019

On Monday, August 26, 2019, the District of Columbia Office of Tax and Revenue issued a reminder to taxpayers about upcoming tax changes.  Some of these changes involve the current calendar or tax year, while others begin October 1, 2019 or with the following tax year.  The tax changes below will take effect October 1,…

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estimated tax payment

The Next Individual Estimated Tax Deadline is September 16: Do You Have to Make a Payment?

September 4, 2019

If you’re self-employed and don’t have withholding from paychecks, you probably have to make estimated tax payments. These payments must be sent to the IRS on a quarterly basis. The third 2019 estimated tax payment deadline for individuals is Monday, September 16. Even if you do have some withholding from paychecks or payments you receive,…

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corporate sustainability shareholder value

Corporate Governance in the 21st Century

September 3, 2019

What’s the purpose of a corporation? For the last 50 years, the answer was “to maximize shareholder value.” But, on August 19, CEOs of 181 leading U.S. businesses, including Amazon, Apple, General Motors and Walmart, pledged to broaden the scope. Beyond shareholder value Putting shareholders first was the doctrine of University of Chicago economist Milton…

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teachers educator expense deduction

Expenses that Teachers Can and Can’t Deduct on Their Tax Returns

August 30, 2019

As teachers head back for a new school year, they often pay for various expenses for which they don’t receive reimbursement. Fortunately, they may be able to deduct them on their tax returns. However, there are limits on this special deduction, and some expenses can’t be written off. For 2019, qualifying educators can deduct some…

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tax relief refund

Who Will Receive the Virginia Tax Relief Refund and When?

August 29, 2019

The Commonwealth of Virginia passed state legislation in early 2019 in response to the Tax Cuts and Jobs Act which made significant changes to federal tax law.  Eligible taxpayers may receive up to $110 for individuals and $220 for married filing joint filers. Who is an Eligible Taxpayer? To be eligible for the 2019 Tax…

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