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As serial entrepreneurs grow businesses and expand their overall business footprint, there is a tendency for advisors (such as GP CPA) to explore the idea of consolidating certain elements of the businesses.
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.
GP CPA has an affinity for all things current events, and sometimes, just sometimes, they are not even tax-related.
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).
Working with family in a small business environment tends to be either very rewarding or makes for even more awkward holiday gatherings.
We recently had an engagement that required GP CPA to gather data from several different accounting softwares and create enough of a documentation trail to support an audit.