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Written by Justin Prusiensky

Feb 11, 2019

February 11, 2019

Estimated Reading Time: 1 minute 22 seconds

GP CPA has an affinity for all things current events, and sometimes, just sometimes, they are not even tax-related.

We are currently subscribed to a few different local/national emails that we actually open and read most of the time. In no particular order:

  • Charlotte Five – Since we live and work in Charlotte, NC, this covers a lot of the local happenings. It’s even better when we see our clients mentioned in it!
  • The Morning Brew – This financial markets newsletter keeps tabs on the big picture without taking aside. There is also a puzzle at the end of a letter to incentivize the reader to finish. Google helps us a lot.
  • Next Draft – Kinda like The Onion, but it’s all real news. And not too much strangeness from Florida….
  • Quartz – Thoughtful, well-researched articles about complex subjects.
  • Stephen King’s Twitter – Justin’s favorite author. The Tower above all!
  • CPA Letter Daily – When you just can’t get to sleep and don’t want to medicate….
  • Xero Blog – Just in case you weren’t already in the know.

Are we missing any? Please let us know in the comments.

Changes at GP CPA

Changes at GP CPA

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.

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.

I received funds from the Restaurant Revitalization Fund (RRF) program, now what do I do with the money?

First off, the funds are expected to be spent before the end of 2021, as an annual report to the SBA will be required at some point in the future. We are still waiting for guidance from the SBA regarding what this annual report will look like. It may make sense to draft a spending plan or budget to make sure all of the funds are spent on time and in accordance with the program rules. GP CPA can help you with this planning, so you can prevent a surprise surplus of funds. Spend wisely and timely!

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.

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