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For those of you who bemoan your credit score, FICO, the company that everyone recognizes as behind that magical number is making some changes! FICO is calling this the “UltraFICO Score” and damn if it doesn’t sound sexy.


This “UltraFICO” item will be customized to include just the banking information that you choose to share and will have ability to move you up (or down!) the credit score rankings. Per a former employee of FICO and Equifax, John Ulzheimer, “It’s like combining peanut butter and chocolate.”

Let’s take a moment of silence for the large part of the US population that has peanut allergies and won’t be able to enjoy this metaphor or any benefits of the “UltraFICO” credit score. More details and a continuation of John’s quote from USA Today.

The Employee Retention Credit (ERC)

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

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.

Tax Planning with GP CPA

Tax Planning with GP CPA

GP CPA offers a wide range of business advisory services that are tailored to the needs of business owners. For those small businesses who need someone to keep the books, we can do that.

What Tax Breaks Changed From 2018?

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.

GP CPA Charlotte Sales Tax News Update

GP CPA Charlotte Sales Tax News Update

As many area businesses know Charlotte Sales Tax rate is either 2%, 7.25%, or 8.25% and what rate belongs to your business is based on what the business is selling.

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