Let’s talk about Basis!

Let’s talk about Basis!

“Basis” is a loaded word for accountants. It is very much described in the same regards as “time”, in that there never seems to be enough time when it is needed most. For many S-corp shareholders, basis is starting to come into play at tax time and many are unprepared...
The 2018 tax filing season is in full swing

The 2018 tax filing season is in full swing

The 2018 tax filing season is in full swing, which means most CPA’s don’t see family, friends, or daylight until sometime after April. The big focus this year has been on tax refunds, which were expected to be quite a bit different this year due to the tax changes...
Depreciation options

Depreciation options

Dear GMP 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...
Payroll with GUSTO!

Payroll with GUSTO!

Payroll is often a thankless task for business owners. Whether your payroll is hourly, salary, organized, or chaos, it is still a time consuming endeavor. There are federal laws, state laws, local ordinances, and regular changes at every level. Specialized industries...