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Written by Justin Prusiensky

Feb 15, 2019

February 15, 2019

Estimated Reading Time: 1 minute 55 seconds

The big focus this year has been on tax refunds, which were expected to be quite a bit different this year due to the tax changes that happened last year. A lot of taxpayers are finding reduced refunds or other surprises this year, for many different reasons.

There are two basic ways to look at the 2018 refund situation, either you received more money each month in your paycheck and less of a refund; or that refunds are interest fee loans from you to Uncle Sam. No matter which camp you side with, if you are a business owner (especially one with an S-corp), then there is virtually no excuse for a surprise at tax filing time. GP CPA clients know where they stand throughout the year, and it makes tax time less stressful and nearly uneventful for them. If your CPA is not using Xero to keep track of your business and Gusto for payroll processing, then not only are you paying for inefficiencies but how are they getting you timely information?

Switching to GP CPA for your accounting and tax needs will not only save you valuable time and money but is generally a long term investment in your business. At GP CPA, even though we rely on software, it’s our people that count. Come say hello, Charlotte is nice this time of year.

Tax Projections vs. Tax Planning: Why Knowing the Difference Matters

Tax Projections vs. Tax Planning: Why Knowing the Difference Matters

At GP CPA, we help business owners make informed financial decisions year-round—not just during “certain times” of the year.. One common point of confusion we encounter is the difference between tax projections and tax planning. While these two services are closely related, they serve distinct purposes and deliver very different outcomes.

Beyond Balanced Books: Why Client Experience Is The Bottom Line at GP CPA

Beyond Balanced Books: Why Client Experience Is The Bottom Line at GP CPA

Ask most accounting firms what keeps the lights on and you’ll hear “accurate numbers.” Important—absolutely. But, at GP CPA we’ve learned something simple and powerful since opening our doors back in 1996: numbers don’t refer themselves, people do. That “people” part is the client experience, and nurturing it is every bit as mission-critical as reconciling a bank feed.

Why We Use Relay Financial—And Why You Might Want to, Too

Why We Use Relay Financial—And Why You Might Want to, Too

At GP CPA, we’re always on the lookout for tools that help small business owners save time, stay organized, and keep cash flow running smoothly. One of those tools? Relay Financial—and we don’t just recommend it, we use it ourselves.

Navigating the Unexpected Closure of Bench: GP CPA, P.C. Is Here to Help

In contrast to Bench, (RIP?), GP CPA, P.C. is a Certified Public Accounting firm located in the Southeastern United States. We are second generation CPAs and business advisors. We can take over for wherever it is that Bench left off and with us, you won’t experience a data hostage situation with our firm.

Don’t Panic: What to Do When You Get a Tax Notice

Picture this: You’re sifting through the mail, dreaming about coffee or a vacation, and then—bam! There it is. An ominous letter from the IRS or your state tax agency. Before you launch into a full-blown panic spiral, let’s talk through what this means and how to handle it. Spoiler alert: ignoring it won’t make it disappear.

Why Waiting Until January to Find a New CPA is Too Late

As a small business owner, managing your financial health is crucial not only for your business but also for your personal wealth. Yet, many business owners make a critical mistake—they wait until January to start searching for a new Certified Public Accountant (CPA).

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