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Estimated Reading Time: 2 minutes 55 seconds

We are approaching mid-year (for those of us on a calendar year…) and enough time has passed that we can reflect back on some of the technology that GP CPA has been using and is no longer using in 2019.

First up, let’s have a drink for those who are no longer with us:

  • QuickBooks Desktop – GP no longer supports this dinosaur, get out while you can…
  • Stripe – Did you know that Stripe uses a Wells Fargo gateway…?
  • HubDoc – Bank feeds are not ready for primetime
  • Jobber – A good product, no longer Xero friendly

There are also the software platforms that our clients use that we tolerate and do not recommend:

  • Square – Basis functions work, does not automate well, reports are clunky
  • Homebase – a mediocre product at best, not very effective at reporting
  • Clover – Terrible reporting, difficult to navigate, not user-friendly
  • PayPal – Horrible payment platform for reporting, easy to use

Lastly, the list of platforms that we enjoy use internally and those that we recommend to other businesses:

  • Xero – shameless plug. Still better than most
  • Gusto – When was the last time you actually enjoyed payroll?
  • IntegraPay – Excellent e-commerce solution and payment processor
  • LedgerSync – for accountants and online access nerds
  • GoProposal – How the UK makes accounting firms easy to work with!
  • Malartu – an NC native tech platform that offers analytics…

If you came across this list and had no idea what any of these bullet points refer to, contact us immediately so we can engage our nerd on your behalf. If you know any of the items on this list and have a different opinion about them, please share it with us (we don’t bite). Either way, expect an updated list every so often and stay in touch.

 

Tax Projections vs. Tax Planning: Why Knowing the Difference Matters

Tax Projections vs. Tax Planning: Why Knowing the Difference Matters

At GP CPA, we help business owners make informed financial decisions year-round—not just during “certain times” of the year.. One common point of confusion we encounter is the difference between tax projections and tax planning. While these two services are closely related, they serve distinct purposes and deliver very different outcomes.

Why We Use Relay Financial—And Why You Might Want to, Too

Why We Use Relay Financial—And Why You Might Want to, Too

At GP CPA, we’re always on the lookout for tools that help small business owners save time, stay organized, and keep cash flow running smoothly. One of those tools? Relay Financial—and we don’t just recommend it, we use it ourselves.

Starting a Business in North Carolina or South Carolina?

Starting a Business in North Carolina or South Carolina?

Starting a business is exciting—it’s also a little like setting out on a road trip without a map (or GPS) if you’re not prepared. You might end up in a great place by sheer luck, but chances are, you’ll hit a few dead ends or take longer than necessary to get where you want to go. That’s where we, the CPAs and business advisors, come in handy.

Navigating the Unexpected Closure of Bench: GP CPA, P.C. Is Here to Help

Navigating the Unexpected Closure of Bench: GP CPA, P.C. Is Here to Help

In contrast to Bench, (RIP?), GP CPA, P.C. is a Certified Public Accounting firm located in the Southeastern United States. We are second generation CPAs and business advisors. We can take over for wherever it is that Bench left off and with us, you won’t experience a data hostage situation with our firm.

Don’t Panic:  What to Do When You Get a Tax Notice

Don’t Panic: What to Do When You Get a Tax Notice

Picture this: You’re sifting through the mail, dreaming about coffee or a vacation, and then—bam! There it is. An ominous letter from the IRS or your state tax agency. Before you launch into a full-blown panic spiral, let’s talk through what this means and how to handle it. Spoiler alert: ignoring it won’t make it disappear.

The Employee Retention Credit (ERC)

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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