CALL US
(980) 237-1714
Email us
justin@pruscpa.com
Friday 09:00 - 15:00
Mon - Thu 09:00-17:00
The 2018 tax filing season is in full swing
Estimated Reading Time: 1 minute 55 seconds
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 that happened last year. A lot of taxpayers are finding reduced refunds or other surprises this year, for many different reasons.
There are two basic ways to look at the 2018 refund situation, either you received more money each month in your paycheck and less of a refund; or that refunds are interest fee loans from you to Uncle Sam. No matter which camp you side with, if you are a business owner (especially one with an S-corp), then there is virtually no excuse for a surprise at tax filing time. GP CPA clients know where they stand throughout the year, and it makes tax time less stressful and nearly uneventful for them. If your CPA is not using Xero to keep track of your business and Gusto for payroll processing, then not only are you paying for inefficiencies but how are they getting you timely information?
Switching to GP CPA for your accounting and tax needs will not only save you valuable time and money but is generally a long term investment in your business. At GP CPA, even though we rely on software, it’s our people that count. Come say hello, Charlotte is nice this time of year.
Related Articles
![The Employee Retention Credit ERC The Employee Retention Credit (ERC)](https://pruscpa.com/wp-content/uploads/2021/01/The-Employee-Retention-Credit-ERC-1080x675.jpg)
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.
![are unemployment benefits taxable GP CPA was featured on WCNC Charlotte about “Are Unemployment Benefits Taxable?”](https://pruscpa.com/wp-content/uploads/2021/02/are-unemployment-benefits-taxable-1080x675.jpg)
GP CPA was featured on WCNC Charlotte about “Are Unemployment Benefits Taxable?”
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”.
![Good Riddance 2020 Good Riddance, 2020](https://pruscpa.com/wp-content/uploads/2021/01/Good-Riddance-2020-1080x675.jpg)
Good Riddance, 2020
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.
What Tax Breaks Changed From 2018?
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.
Tax Planning with GP CPA
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.
Your Business Payroll in 2020
Take control back from the big box payroll companies and work with someone who can guide you to a better payroll process. GP CPA + GUSTO is the modern way payroll runs and the partnership that moves your business forward.
Comments
0 Comments