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Opinions and 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.

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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.

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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.

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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.

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

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