S-corporations – What’s not to love?
The majority of GP CPA’s clients own and operate S-corporations (“S-corp”), as our firm specializes in the administration, accounting, and taxation that is unique to this type of business entity.
How do I become an S-corporation?
S-corporations (“S-corps”) is the technical term for the federal tax election, aka IRS Form 2553, and are named after their place in the IRS code, subchapter “S.”
NC Sales Tax: The Impact of the Latest Decision of the Supreme Court
North Carolina has relatively stable and low sales tax rates for a mid-Atlantic state with nearly 8 million residents.
![Test your knowledge about NC Sales Tax for HVAC Services [QUIZ]](https://pruscpa.com/wp-content/uploads/2018/06/NC-Sales-Tax-for-HVAC-Services-443x277.jpg)
Test your knowledge about NC Sales Tax for HVAC Services [QUIZ]
If your business involves repairs, maintenance, or installation services related to vehicles then this quiz will test your knowledge of current NC sales tax law for HVAC.
![Are you a Retailer? Test your knowledge about Retailers NC Sales Tax! [QUIZ]](https://pruscpa.com/wp-content/uploads/2018/06/quiz-retailers-nc-sales-tax-443x277.jpg)
Are you a Retailer? Test your knowledge about Retailers NC Sales Tax! [QUIZ]
If you business sales tangible items to the public this quiz will test your knowledge of current NC sales tax law.
![Test your knowledge about NC Sales Tax for Automotive Services [QUIZ]](https://pruscpa.com/wp-content/uploads/2018/06/test-your-knowledge-about-nc-sales-tax-in-automotive-services-443x277.jpg)
Test your knowledge about NC Sales Tax for Automotive Services [QUIZ]
If your business involves repairs, maintenance, or installation services related to vehicles then this quiz will test your knowledge of current NC sales tax law.
A recipe for taxes…
If your current accountant is not the advisor you hoped them to be, or you want more dark chocolate M&Ms in your life, GP CPA would love to talk to you about your business.
Unlocking value in real estate
While real estate may hold great value, many real estate purchases end up feeling more like the Money Pit when investors discover all the money they invested in their commercial real estate is not tax deductible in the year paid.
What S Corporations and C Corporations should consider
The battle of supremacy between S & C corporations continues to rage with the new tax law changes.
NC Sales Tax
State and local taxes (SALT) are often more complex than the IRS tax law and represent one of the largest compliance burdens that a business faces.