Newsletters are the new….newsletters?

Newsletters are the new….newsletters?

GMP CPA has an affinity for all things current events, and sometimes, just sometimes, they are not even tax related. We are currently subscribed to a few different local/national emails that we actually open and read most of the time. In no particular order:Charlotte...
Depreciation options

Depreciation options

Dear GMP 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. This option relates to depreciation, which for many business owners, is...
QBI walkthrough for our clients

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...
A guide to tax savings with S-corporations

A guide to tax savings with S-corporations

Starting as an independent contractor… Do you control your own work schedule and bring your own tools/equipment to the job? If so, then you are likely an independent contractor (IC) and NOT an employee. There are a lot of benefits to being an IC*, but one big...