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Court-Approved Way to Defeat IRS Penalties
July 17, 2019
Estimated Reading Time: 3 minutes 15 seconds
This has been a busy year for all of us!
Gary M Prusiensky, CPA, P.C. aka GMP CPA had a Google problem.
We have changed the name of our firm to GP CPA, P.C. effective March 2019. “Gary M Prusiensky, CPA, P.C.” and “GMP CPA” had a substantial overlap on Google search with another CPA firm in Texas and we needed to act before Google acted for us. Like some of the big CPA firms (KPMG, E&Y, PWC) we have adopted the initials of our founder (two big thumbs up to Gary!) and made it easier to pronounce and say our firm name. To those clients who have managed to get by without attempting to pronounce our last name all these years, you are safe now.
How do I get in touch with GP CPA?
As many of our clients have found out, we text. Besides using email and calling us, you are more than welcome to text us @ 910-304-0262. This text number is shared across our office and comes through to our emails and phones and is often the best way to get in touch quickly. For security purposes, the 910-304-0262 number is NOT able to accept images, so text (literally, letters and numbers only) is the only thing will come through. If you need to send us a picture of a document or scanned image, please continue to use email.
We are excited to announce that GP CPA will be featuring cash flow analysis and forecasting with Futurli, currently the best small business analytics platform on the market.
We are saying goodbye to spreadsheets and hello to real time updates on long term projections and visualizations of how to meet financial goals. If this sounds like gobbledygook or really complicated, it was… until Futurli was added to the mix. You have goals and targets that you want to meet (retirement anyone?) and GP CPA + Futurli will get you there. Let’s look at your business in 1, 3, or 5 years and see how to get there starting today.
GP CPA has goals, too. We currently have less than 50 reviews on Google and are looking to hit that target by year end (Justin’s future in the firm depends on it!) If you have a moment, we kindly encourage you to leave us a review on Google. Like your business, many of our newer clients have found us via the positive reviews left online and it would help us grow with our clients by adding to our positive review count. Clicking here will get you started.
Sales Tax Checkup
The NC Department of Revenue has been busy with enforcement actions (audits) since the last major sales tax law changes from 2017. As you already know, nearly all labor charges related to services, auto repair, HVAC, plumbing, electricians, and many types of contractors are all subject to the same sales taxes as parts. There is no better time than now for a sales tax review to see if your business is in compliance. Sales tax law does not have a “gray area” and the only help available for sales tax errors or issues is before the state takes a closer look. Contact Gary or Justin today for any and all Sales Tax inquiries.
Onward and upward!
GP CPA Team
GP CPA was featured on WCNC Charlotte about “Are Unemployment Benefits Taxable?”
We are glad to inform you that Justin Prusiensky, Chief Executive Officer of the GP CPA P.C. was featured on WCNC Charlotte coverage about “Are Unemployment Benefits Taxable”.
The Employee Retention Credit (ERC)
The Employee Retention Credit (“ERC”) has had some upgrades and retrofits to some of the basic calculations with the most recent (12.27.20) CARES Act changes.
Good Riddance, 2020
What is new in 2021? Meals in 2021 are once again 100% deductible, the next round of PPP funding is coming and the Employee Retention Credit (ERC) has been changed.
What Tax Breaks Changed From 2018?
Congress extended some of the tax breaks retroactively to January 1, 2018. They now expire on December 31, 2020. Learn more about tax breaks that have been extended.
How to Persuade Clients to Change Banks. Listen to Justin Prusiensky’s Guest Appearance on the Relay Financial Webinar
Our expert accountant Justin Prusiensky was recently interviewed as a guest speaker by Relay Financial to discuss how to persuade clients to change banks.
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.