Hi Client!

by | Jul 26, 2019 | Blog | 0 comments

Dear Client:

At the rate the company is going, you will end up with an $18,000 tax bill at the end of year. 

With about 20 weeks left in the year, we would need to move your payroll up to about $1,000 per week (its currently at $500) and put most of the paycheck toward withholding taxes. The change in the weekly amount needed for payroll would be about $825 per week, which is roughly $18,000 over 20 weeks.

Connie can make the change as soon as you confirm that it is OK. 

I am in the office tomorrow from 10am – 2pm if you want to know more.

Sincerely,

Justin , CPA

Justin

Client’s response:

Justin, That’s fine thanks for the heads up. Do what is needed… thanks

GP CPA CLIENT

Company Name

MORE ARTICLES FROM OUR BLOG

How to Deduct Medicare as a Business Expense?

This article will provide answers to the following questions:When you can Deduct Medicare as a Business Expense?How to Deduct Medicare as a Business Expense if you are a Sole Proprietor?Is it possible to deduct Self-Employed Health Insurance? How to Deduct Medicare as...

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

in NC: The Impact of the Latest Decision of the Supreme Court. 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%.

Changes at GP CPA

This has been a busy year for all of us! , CPA, P.C. aka GMP CPA had a Google problem. We have changed the name of our firm to GP CPA, P.C. effective March 2019. “, CPA, P.C.” and “GMP CPA” had a substantial overlap on Google search...

Intuit is raising their prices!

GP CPA’s arch nemesis, Intuit, is raising prices across the board. That isn’t even the worst part, as Intuit will be offering “live” bookkeeping as an add-on service for their QBO subscribers. That announcement means that Intuit will now be competing directly with a...

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...
H. Johns
H. Johns
21:58 13 Jul 19
This firm is absolutely the best that I've dealt with when it comes to CPAs and financial advice. I'd gone to another CPA in the area for help with my small business during tax time, they stopped communicating and I was left with important documentation not filed and a lot of anxiety around what to do. My appointment with Justin was set up quickly and I was in within a couple days to sit down with him. When you first meet him, you get the impression that he's incredibly intelligent and knows what he's talking about. He took the time to guide me through each and every step that I needed to take to move forward and actually ended up saving me money. I am so grateful to him for his knowledge and professionalism. Total life saver! If you're a small business owner, you should not be taking your time, money or business anywhere else but GP CPA and their crew 🙂read more
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 recommended.read 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 penny.read 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 tax implication. The tax 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
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 succeed.read 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
Next Reviews

CATEGORIES

Changes at GP CPA
How would like to contact us?