Cost segregation
Cost segregation is the magic sauce that breaks your real property into its components and some of these components can depreciate much faster than the typical overall standard 27.5 or 39 year periods.
Tax Cuts and Jobs Act (TCJA) – November Update
In Notice 2018-76, the IRS states that client and prospect business meals continue as tax deductions under the Tax Cuts and Jobs Act.
GP CPA Business Advisor
The buzzword “Advisor” or offering “Business Advisory Services” have been trending for a while now. Traditionally, the advisory titles and services were the exclusive territory of “consultants” and ex-auditors, although that is changing.
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…
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.
QuickBooks Online (QBO) vs Xero a practical dissertation
Xero is a technical masterpiece for accountants, it is the one tool that allows us to work remotely and closely with a business owner at the same time.
FICO presents the UltraFico Score
CALL US (980) 237-1714 Email us justin@pruscpa.com Friday 09:00 - 15:00 Mon - Thu 09:00-17:00 MAKE AN APPOINTMENT MAKE AN APPOINTMENT FICO presents the UltraFico Score Written by Justin Prusiensky Estimated Reading Time: 55 seconds For those of...
Are you living in the most tax-friendly state?
If you live in New England, New Jersey, New York, or California, an info-graphic confirms the pain you experience when it comes paying high state taxes (income AND sales taxes).
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.
How to create the paper trail for rental real estate deductions
Whether your real estate investment is for appreciation (or speculation), flipping, or renting, the ability to prove what you did and when during the year is often an afterthought.