CJG Blog | Tax, Accounting & Business Insights

Bank Audit Requirements: What Triggers Them and How to Prepare

by CJG_AdminAssurance Services April 22, 2026April 7, 2026No Comments

Spring is a busy time for business financing. Companies pursuing term loans, lines of credit, or equipment financing often discover (sometimes for the first time) that their lender requires a financial statement audit. If that’s where you find yourself, understanding what bank audit requirements are needed and how to prepare can make the process significantly …

Post-Tax Season Bookkeeping: Fix What Went Wrong Now

by CJG_AdminBookkeeping April 15, 2026April 7, 2026No Comments

Tax season is over. You survived it, but maybe just barely. If pulling together your records felt like a scramble this year, you’re not alone. Right now is the best time to do something about it. The motivation you’re feeling in the days and weeks after tax season is real. You know what was disorganized. …

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Home Office Tax Deductions for Business Owners

by CJG_AdminBusiness Tax April 8, 2026April 7, 2026No Comments

If you run your business from home, even part of the time, you may be able to deduct home office expenses on your tax return. The deduction can meaningfully reduce your taxable income, but the IRS has specific rules about who qualifies and how the deduction is calculated. Here’s what business owners need to understand. …

How a Net Operating Loss Could Reduce Your Future Tax Bill

by CJG_AdminBusiness Tax March 18, 2026March 3, 2026No Comments

Even well-run businesses have down years. Revenue dips, unexpected expenses pile up, or an economic shift hits harder than anticipated. What many business owners don’t realize is that a loss year doesn’t have to be a total write-off. The federal tax code includes provisions that may allow those losses to reduce your tax burden in …

Does Your Company Need a 401(k) Audit? What to Know and How to Prepare

by CJG_AdminAssurance Services March 11, 2026March 11, 2026No Comments

For many businesses, summer is prime time for a 401(k) audit. The bulk of this work happens between May and September, so if your plan includes an audit requirement, now is the time to get your documentation in order. A little preparation now goes a long way toward a smoother process later. Does Your Business …

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4 Bookkeeping Mistakes That Are Costing Your Business More Than You Think

by CJG_AdminBookkeeping March 4, 2026March 6, 2026No Comments

Tax season has a way of making everything feel urgent — and for good reason. When the deadline is looming and your books are a mess, the stress can really pull your focus away from your business. But beyond the stress, disorganized financials can quietly drain your bottom line in ways that are easy to …

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Cash Flow Planning: Mastering Your Company’s Financial Rhythm

by CJG_AdminBusiness Financial Planning February 18, 2026February 23, 2026No Comments

Cash flow is the lifeblood of your business. Without it, operations grind to a halt regardless of how profitable you look on paper. Understanding how money moves through your business gives you the control you need to make strategic decisions and weather challenging periods. Understanding Your Cash Flow Cycle Cash flow planning starts with recognizing …

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Vendor Redundancy: Protect Your Business From Supply Chain Disruptions

by CJG_AdminBusiness Financial Planning February 11, 2026February 23, 2026No Comments

Supply chain disruptions can bring your manufacturing operation to a standstill. Whether it’s a vendor bankruptcy, natural disaster, or simple inability to meet your demands, relying on a single supplier for critical materials puts your business at serious risk. A vendor redundancy plan gives you the backup strategies you need to keep production running smoothly. …

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Are You Paying Yourself Reasonably? IRS Rules for C Corp and S Corp Owner Reasonable Compensation

by CJG_AdminAdvisory Services February 5, 2026March 9, 2026No Comments

If you own a C corporation or S corporation, the salary you pay yourself matters more than you might think. The IRS scrutinizes owner compensation, and getting it wrong can lead to disallowed deductions, reclassified payments, penalties, back taxes, and interest. Determining what the IRS considers “reasonable compensation” is critical for corporate business owners. By …

Understanding the New HSA Eligibility Rules for Employers 2026

by CJG_AdminEmployee Benefits January 21, 2026February 23, 2026No Comments

Is your company currently offering Health Savings Accounts (HSA) to your workforce? Or are you exploring a high-deductible health plan (HDHP) paired with HSAs for your 2026 employee benefits? The recently passed One Big, Beautiful Bill Act (OBBBA) includes essential updates you’ll want to know about. The bottom line: Starting in 2026, the OBBBA expands …