Depreciation options

Depreciation options

Dear GMP CPA Client: We are wrapping up the Company’s tax returns and would like to make you aware of an option that the Company is eligible to make based on the new tax laws passed in 2017. This option relates to depreciation, which for many business owners, is...
QBI walkthrough for our clients

QBI walkthrough for our clients

Dear Client: Your ownership of a pass-through trade or business can generate a Section 199A tax deduction of up to 20 percent of your qualified business income (QBI). The C corporation does not generate this deduction, but the proprietorship, partnership, S...
GMP CPA Business Advisor

GMP CPA Business Advisor

GMP CPA recently met with a prospective client and when the topic of being a business advisor came up, we heard an interesting point of view. The potential client was specifically looking for a professional that would offer more than [just] tax & accounting...
GMP CPA 2018 Year End Calendar

GMP CPA 2018 Year End Calendar

Hello GMP CPA Clients, Greetings from Gary, Justin, Connie, Zach, and Diane. While most of you are probably accustomed to hearing from one of us regularly, this time of the year has some special dates and deadlines that we would like to bring to your attention. For...