Commercial leasing the greater area

by | Jul 10, 2018 | Blog | 0 comments

GP serves a diverse group of clients and yet they all share one common business expense: rent. Some clients pay themselves rent (as the landlord) and other clients pay rent to someone else (if you don’t pay any rent, good for you!) As the economy picks up steam and our clients are growing they are inevitably outgrowing their space and seeking the next place to call their “office”.

For those clients that are renting a space, there are a lot of factors to consider before signing a new lease, with the most important factor being affordability. Will the added space/cost improve , how will it affect cash flow, and am I getting a good price for the new space? If these questions are on your mind, then we encourage you to contact GP so we can help you come up with the answers to these questions in a timely manner to secure the location you have in mind or prevent a bad decision. Working with us will provide you with timely financial statements that are easy to understand and will help you determine if you are ready and able to move to that next level location.

For those business owners that are looking to purchase their next office, that decision is even more important and carries longer-term consequences. GP has guided many clients through their first, second, and third (and more!) commercial real estate purchases and can offer objective advice on all of the issues that can come up. Real estate professionals are fond of repeating, “location, location, location”, but what they really mean is “location, location, and timing” (it just doesn’t sound as catchy). Let’s figure out if the timing is right for your next location, whether it’s as a tenant or landlord.


Sales Tax in NC: The Impact of the Latest Decision of the Supreme Court

in NC: The Impact of the Latest Decision of the . has relatively stable and low rates for a mid-Atlantic state with nearly 8 million residents. The state’s general rate is 4.75% and depending on the city/county you are purchasing in, the local taxes can range from 4.8% to 8.25%.

Foreign accounts and the IRS

There is currently a trial underway that is drawing a substantial amount of publicity and not just because it relates to a wealthy individual running afoul of the complex US code. While Mr. Manafort is garnering a lot of publicity because of who his past...

Home office deduction – walkthrough by GP CPA

Dear Client, The is rather limited for your situation (and most people other taxpayers), especially in the trade-off between S-corp and schedule C.  The Schedule C offers better home office deductions, but the overall bill is...

Home Office Deduction & Household Employees

Getting Comfortable With The One of the great things about setting up a home office is that you can make it as comfy as possible. Assuming you’ve done that, another good idea is getting comfortable with the . To qualify for...

Technology that GP CPA is currently using

We are approaching mid-year (for those of us on a calendar year…) and enough time has passed that we can reflect back on some of the technology that has been using and is no longer using in 2019. First up, let’s have a drink for those who are no longer with us:...
Tina Simmons
Tina Simmons
13:38 17 May 19
This team is dedicated to their clients and committed to understanding your business and sharing their knowledge to help you succeed. I love working with these folks, they take the worry and uncertainty out of and taxes!read more
Bravo4 Autowerks
Bravo4 Autowerks
12:55 08 May 19
Gary and his team have been fantastic for me and my business. They respond well to all my questions, are very helpful and of course keep my financials in order. Highly more
Queen City Newborn Care
Queen City Newborn Care
15:57 02 Apr 19
I was drowning before I met Justin. He totally transformed how I run my small business and has gotten me organized in ways I didn't even know were possible. I am so grateful for his advice and suggestions! This company is worth every more
Dennis Bloomberg
Dennis Bloomberg
16:01 26 Mar 19
Unfortunately, I found GMP when my mother passed. She had a trust set up and I had no experience with one. I received excellent advice prior to filing taxes, that allow for the transfer of assets with little implication. The process was simple for me, Justin took over once he had details and cleared up all question from filing our taxes. Thank you for a job well done!read more
Natalie Knight
Natalie Knight
15:35 21 Nov 18
Prusiensky CPA is up to date on technology. They handcraft a platform that works best for your company's services. We really appreciate how hands on and quick their team is when replaying to any type of correspondence. Simply put, they care and want your company to more
Ashlyn Lelej
Ashlyn Lelej
14:39 21 Nov 18
I highly recommend Justin at Prusiensky, CPA for all of your and tax needs. I've been a client for over two years, and have been consistently impressed with their dedication to helping my business grow and be financially successful. His advice is invaluable. Thank you!read more
Bobby Nguyen
Bobby Nguyen
22:23 20 Nov 18
My partner and I started our very first small business last year. Justin has been a blessing to us. Being new at all of this, we didn’t understand much of how business taxes work. Justin explained and answer all of questions that we have. He took care of everything for us throughout the year and have made life so much easier for us. I couldn’t have asked for a better CPA. Highly recommended!read more
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A midyear checkup with GP CPA
What are S-corp distributions?