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Practical guidance on tax, audit defense, bookkeeping, and compliance from our CPA team.
What to Choose Between Reviews and Audits?
Reviews and Audits: Key Differences Business Owners Need to Know Picture this scenario: You’ve just wrapped up your company’s financial year, and a lender or potential investor requests to see your fi
Royalty Income: Active vs. Passive & How to Report It
Understanding Royalty Income: Active vs. Passive Navigating the world of royalty income can be complex, especially when it comes to correctly classifying and reporting earnings for tax purposes. Wheth
Financial Statement Review
Financial Statement Review: Your Path to Credibility Without the Full Audit Imagine needing to demonstrate the reliability of your company’s financial health—perhaps to a bank weighing your loan appli
FTB Estimated Tax Payments
FTB Estimated Tax Payments: What, Why, and How for California Business Entities Running a business in California comes with its fair share of tax obligations, and FTB Estimated Tax Payments are at the
Cannabis Accounting Made Simple: Optimize Taxes & Cash Flow
Cannabis Accounting: Expert Tax Solutions for a Growing Industry The cannabis industry is expanding at an unprecedented rate, but this rapid growth brings equally complex financial and regulatory chal
Commercial Clean Vehicle Credit
Maximizing Tax Savings with the Commercial Clean Vehicle Credit The rise of electric vehicles (EVs) presents a significant opportunity for businesses looking to reduce their carbon footprint while max
Federal Excise Tax on Trucks
Federal Excise Tax on Trucks: Regulations, Exemptions, and Compliance The federal excise tax on trucks is a critical tax imposed on the sale of certain heavy vehicles in the United States. This tax, g
Filing Business Taxes Early
Why Filing Business Taxes Early Can Save You Time and Money? Tax season may appear to be in the distant future, but waiting until the last minute to file your business taxes can lead to unnecessary st
Disaster Tax Extension Made Simple with G&S Guidance
Understanding Disaster Tax Extension and How G&S Can Help You Claim Losses Natural disasters can cause immense hardship—both personally and financially. If you’ve been affected by the recent wildfires
Tax Filing Tips and Services for a Stress-Free January
Maximize Accuracy and Efficiency in Tax Filing This January with G&S Accountancy January is a pivotal month for tax filing , bringing a series of critical deadlines that both businesses and individual
Filing Beneficial Ownership Information Despite the Injunction?
Why Filing Beneficial Ownership Information (BOI) Report Matters Despite the Injunction? The new Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA
Maximize Your Year End Tax Planning with G&S Accountancy
Maximize Your Year End Tax Planning with G&S Accountancy As the year draws to a close, it's the perfect time to take charge of your finances with strategic Year End Tax Planning . Whether you’re a bus
Small Business Wins? Trump’s Tax Plans Unpacked
Small Business Wins? Trump’s Tax Plans Unpacked The 2024 election has ushered in significant changes, with President-elect Trump championing a series of tax reforms designed to benefit small businesse
How Can a Business Owner Legally Avoid Paying Taxes on $ 1Million?
https://www.youtube.com/watch?v=bv3qFWB2fks How Can a Business Owner Legally Avoid Paying Taxes on $ 1Million? If you’re a business owner who’s had a banner year, first of all, congratulations! But as
The Benefits of SBA Loans for Small Businesses and G&S Accountancy’s Help
The Benefits of SBA Loans for Small Businesses and G&S Accountancy’s Help Running a small business takes dedication and hard work, but sometimes, you need an extra financial boost to grow or keep thin
Your Complete Guide to PPP Loan Forgiveness Application Issues With G&S Accountancy
Your Complete Guide to PPP Loan Forgiveness Application Issues With G&S Accountancy The Paycheck Protection Program (PPP) was a crucial lifeline for many small businesses during the pandemic, offering
Overcome EIDL Loan Hardships with G&S Accountancy
Overcome EIDL Loan Hardships with G&S Accountancy The trucking industry, like many others, is facing significant economic challenges. Issues such as overcapacity, rising operational costs, and port di
ERC Updates: Is Your Business at Risk for Improper Claims?
ERC Updates: Is Your Business at Risk for Improper Claims? The Employee Retention Credit (ERC) was introduced to support businesses facing challenges due to the pandemic. However, the rush to claim th
Non Profit Organization Guide to IRS Audit Readiness
Non Profit Organization Guide to IRS Audit Readiness We know that navigating the world of taxes, compliance, and audits can be overwhelming for a nonprofit organization . That's why we're here to clea
Navigating the Corporate Transparency Act: Key Facts About BOI Reporting
Let’s be honest. No one gets into business because they love paperwork. But if you’re a small business owner, you know that paperwork is a necessary evil. And now, thanks to the Corporate Transparency
IRS Audit Survival: Is Your NGO Ready for the Public Support Test?
Running a nonprofit is hard enough without the looming fear of an IRS audit, right? You’re already focused on making the world a better place, managing donors, and juggling the endless stream of tasks
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