Why your children are model employee’s?
Working with family in a small business environment tends to be either very rewarding or makes for even more awkward holiday gatherings.
Are you living in the most tax-friendly state?
If you live in New England, New Jersey, New York, or California, an info-graphic confirms the pain you experience when it comes paying high state taxes (income AND sales taxes).
Drive Time Increases Odds of Deducting Rental Property Losses
Your rental properties provide tax shelter when you can deduct your losses against your other income. One step to deducting the losses is to pass the tax code’s 750-hour test. And one step to finding the hours you need to pass the time test may be your drive times.
A guide to tax savings with S-corporations
An S-corporation is a federal tax election and can be formed from a regular company (a C-corp) OR an LLC.
Extension season is coming… are you ready?
At GP CPA we believe that surprises are best left to birthday parties, engagements, or random acts of kindness and definitely NOT taxes.
A mid year tax checkup with GP CPA
July marks the midpoint of the calendar year and most often brings the hottest days of the year (especially in Charlotte!).