QBO v Xero a practical dissertation

QBO v Xero a practical dissertation

GMP CPA is a silver Xero partner, which does not mean that we are in second place, it just means that we are growing (and there is room for improvement). Our firm’s preference is clearly with Xero as far as online accounting platforms and the reasons are many. Rather...
Forming a Management Entity

Forming a Management Entity

Many organizations experience a level of growth that stretches the leadership or executive team thin across several entities. This is especially true when there is one executive that is responsible for the day to day decisions of several operating units or divisions....
A guide to tax savings with S-corporations

A guide to tax savings with S-corporations

Starting as an independent contractor… Do you control your own work schedule and bring your own tools/equipment to the job? If so, then you are likely an independent contractor (IC) and NOT an employee. There are a lot of benefits to being an IC*, but one big...
How do I become an S-corporation?

How do I become an S-corporation?

S-corporations (“S-corps”) are the technical term for the federal tax election, aka IRS Form 2553, and are named after their place in the IRS code, subchapter “S.” S-corps are generally limited to two specific business entity types, a limited liability company (“LLC...