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Opinions & News About Accounting Prepared and Selected by GP CPA Tax Experts

Moving at the speed of business

Moving at the speed of business

GP CPA has relied on cloud-based accounting technology for many years now and devotes a significant amount of time toward testing and learning the latest and greatest systems out there.

Dear Client, I have good news!

Dear Client, I have good news!

Since we now have less than 90 days left in the year, kindly keep me apprised of when you expect the major revenue collections to be during the next few weeks and we can adjust accordingly.

Hi GP CPA Client!

Hi GP CPA Client!

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

How to Deduct Medicare as a Business Expense?

How to Deduct Medicare as a Business Expense?

Premiums for Medicare health insurance can add up to a substantial sum. That’s especially true if: you have a high income, and you’re married and both you and your spouse are paying premiums.

Let’s talk about Basis!

Let’s talk about Basis!

“Basis” is a loaded word for accountants. It is very much described in the same regards as “time”, in that there never seems to be enough time when it is needed most.

The 2018 tax filing season is in full swing

The 2018 tax filing season is in full swing

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.

Depreciation options

Depreciation options

Dear GP 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.

GP CPA 2018 Year End Calendar

GP CPA 2018 Year End Calendar

GP CPA exclusively uses Gusto for our payroll processing and we couldn’t be happier with them. We encourage you to check out Gusto and see if it might make your payroll experience more pleasant.

The most wonderful time of the year…

The most wonderful time of the year…

During this most wonderful time of the year, GP CPA looks forward to as much snow as possible and giving clients good news about their business performance.

Drive Time Increases Odds of Deducting Rental Property Losses

Drive Time Increases Odds of Deducting Rental Property Losses

Your rental properties provide tax shelter when you can deduct your losses against your other income. One step to deducting the losses is to pass the tax code’s 750-hour test. And one step to finding the hours you need to pass the time test may be your drive times.

Automation in the automotive industry

Automation in the automotive industry

At GP CPA, we work with several clients in the automotive field, from classic car restorations to rebuilding transmissions, this part of the economy has been stable for a while.

Foreign accounts and the IRS

Foreign accounts and the IRS

One of the key elements of the case against Mr. Manafort is the lack of proper reporting of foreign income or control over foreign bank accounts.

Test Your Knowledge About NC Sales Tax in Automotive, Retail and HVCA.

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