by Justin Prusiensky | Jun 23, 2021 | Restaurant Revitalization Fund (RRF), Taxes
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!
by Justin Prusiensky | Feb 5, 2021 | Taxes
We are glad to inform you that Justin Prusiensky, Chief Executive Officer of the GP CPA P.C. was featured on WCNC Charlotte coverage about “Are Unemployment Benefits Taxable”.
by Justin Prusiensky | Jan 16, 2021 | Accounting, CARES Act, Paycheck Protection Program (PPP), Taxes
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.
by Justin Prusiensky | Dec 31, 2020 | CARES Act, Employee Retention Credit (ERC), Paycheck Protection Program (PPP), Taxes
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.
by Justin Prusiensky | Jan 29, 2020 | Taxes
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.
by Justin Prusiensky | Jan 16, 2020 | Business Advisory, Tax Planning, Taxes
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.
