How to Deduct Medicare as a Business Expense?

How to Deduct Medicare as a Business Expense?

This article will provide answers to the following questions:When you can Deduct Medicare as a Business Expense?How to Deduct Medicare as a Business Expense if you are a Sole Proprietor?Is it possible to deduct Self-Employed Health Insurance? How to Deduct Medicare as...
Depreciation options

Depreciation options

Dear GP CPA Client: We are wrapping up the Company’s tax returns and would like to make you aware of an option that the Company is eligible to make based on the new tax laws passed in 2017. This option relates to depreciation, which for many business owners, is...
Cost segregation

Cost segregation

Dear GP CPA Client: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. This magic sauce is brought you courtesy of a...
Automation in the automotive industry

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. One trend that we have seen while these automotive clients have grown over the past 10...
Foreign accounts and the IRS

Foreign accounts and the IRS

There is currently a trial underway that is drawing a substantial amount of publicity and not just because it relates to a wealthy individual running afoul of the complex US Tax code. While Mr. Manafort is garnering a lot of publicity because of who his past...
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