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GP CPA justin prusiensky accountant cpa 1 » Certified Public Accountant using Xero, Avalara and Gusto to make your payroll and taxes easier, serving in North Carolina and South Carolina

Written by Justin Prusiensky

Nov 4, 2018

November 4, 2018

Estimated Reading Time: 2 minutes 20 seconds

The holiday’s are in full swing, which we know is “official” because the Halloween themed items are sitting side-by-side with Christmas related stuff kitsch decorations in almost every store.


During this most wonderful time of the year, GP CPA looks forward to as much snow as possible (NC skiing anyone?) and giving clients good news about their business performance. And, taxes. A LOT has changed since Gary started GP CPA in the mid-90s, although one item that has remained constant over the years is a client’s concern over taxes, which peaks during the final 60 days of the year.

Even during the final hours of Halloween and sometimes through the time change in early November, taxes are still at the bottom of a honey-do list crumpled in pair of jeans somewhere. Then, suddenly (just like how that “extra” daylight savings hour is never used wisely) it is all about TAXES. Although we are in contact with our clients throughout the year providing regular updates on their particular tax situation, we have always noted how focused everyone is during November and December.

A typical year end request usually starts with “what do I need to buy….”, which we usually finish with “what do you need?” Vehicles, equipment, bonuses, real estate, other businesses, have all been answers over the years, and depending on the client, usually followed up with a question about whether it can be financed or purchased outright. This current tax year is unique due to those tax changes we have been hearing so much about all year long.

We at GP CPA are not so sure that the IRS even has a grip on what congress intended, although there is no shortage of advice from every corner of the internet on who/what/how to make it work for you and your business. If you have questions about the QBI, withholding changes, itemized deductions, designated Opportunity Zones, and any other zany congressional inspired deductions, let’s get in touch.

GP CPA has been working at our year end tax planning routine for nearly three decades and while we would prefer to be skiing, we are as focused as our clients on taxes during those final days of the year. It’s certainly not too late to start focusing on your business’ taxes, although the clock is ticking. Let’s get started and make this a most wonderful time of the year for your taxes/business because GP CPA is your advisor.

 

Dear Client, I have good news!

Dear Client, I have good news!

Since we now have less than 90 days left in the year, kindly keep me apprised of when you expect the major revenue collections to be during the next few weeks and we can adjust accordingly.

GP CPA Charlotte Sales Tax News Update

GP CPA Charlotte Sales Tax News Update

As many area businesses know Charlotte Sales Tax rate is either 2%, 7.25%, or 8.25% and what rate belongs to your business is based on what the business is selling.

Technology that GP CPA is currently using

Technology that GP CPA is currently using

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.

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