Forming a Management Entity
Having a management company (“MGTCO”) can often be part of an flexible long term strategy, particularly when the overall owners are considering an exit.
A guide to tax savings with S-corporations
An S-corporation is a federal tax election and can be formed from a regular company (a C-corp) OR an LLC.
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.
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.
Future of accounting: GP CPA adopts a robot
As the accounting function becomes more real-time, there are time savings based on streamlined processes and the availability of more information.
Extension season is coming… are you ready?
At GP CPA we believe that surprises are best left to birthday parties, engagements, or random acts of kindness and definitely NOT taxes.
Payroll with Gusto
For payroll, GP CPA has tested and used nearly 20 different payroll platforms/softwares since 2013. And finally, we found the perfect payroll platform: Gusto.
A mid year tax checkup with GP CPA
July marks the midpoint of the calendar year and most often brings the hottest days of the year (especially in Charlotte!).
Commercial leasing the greater Charlotte, NC area
As the economy picks up steam and our clients are growing they are inevitably outgrowing their space and seeking the next place to call their “office”.
What are S-corp distributions?
For most purposes, an S-corp distribution is defined simply as money you take out of the company that is not taxed through payroll.