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Practical guidance on tax, audit defense, bookkeeping, and compliance from our CPA team.
US Business Setup & Tax Compliance for Foreign Entrepreneurs, Done Right with G&S Accountancy
Foreign founders entering the US market: choosing between an LLC and a C corporation, state registration, franchise tax, and federal filing duties.
Avoid Tax Deadlines Stress: Plan Your Taxes Early
September and October deadlines for partnerships, S corps, trusts and individuals, plus the planning moves that lower taxable income before year end.
Navigating State Residency: Save on Taxes with Our CPA Firm
Remote work turned residency into a tax question. The 183-day rule, the convenience of the employer rule, and the credits that stop you paying twice.
Empowering Logistics Companies With the Expertise of Form 2290
Form 2290 heavy vehicle use tax for fleets: prorated periods, low-mileage suspension, use-based exemptions, and records that survive an IRS audit.
Freight Market Overview and 2024 Tax Planning
Import volumes, tender rejections and earnings signals pointed to a firming freight market. What carriers should do with the upside while planning tax.
Understanding Federal Excise Tax (FET) on Imported Tractors and Trailers: A Guide for Trucking Companies
Importers owe the 12% excise tax when a tractor or trailer is used before its first retail sale. The weight exemptions, and how long-term leases count.
Turn Your Real Estate into Tax Savings: The Benefits of Bargain Sales and Charitable Contributions
A bargain sale to a charity turns part of an appreciated property into a deduction. AGI limits, the cost basis election, and the capital gains avoided.
The Importance of Due Diligence Before Making Business Purchases
Ten due diligence checks before buying a business: purchase structure and tax basis, verified statements, hidden liabilities, and future cost exposure.
Ensuring Reliable Financial Statements Through Rigorous Standards
Revenue recognition, cash handling and fixed assets are where motel and trucking financials break. The AICPA standards that keep statements reliable.
Biden’s Capital Gains Tax Proposals: How G&S Accountancy Can Help You Save
What the FY2025 capital gains proposals would have changed for high earners, why passage was doubtful, and how sale timing protects appreciated assets.
Avoid IRS Penalties: Act Now to Correct and Update Your ERC Claims
Filed an Employee Retention Credit claim? How to check its accuracy, amend the income tax return correctly, and file a protective claim in time.
How Overlooking Payroll Regulations Can Hurt Your Business
Misclassified workers, incomplete wage statements, paid leave errors and wrong withholding: four payroll compliance risks, and how to close each one.
Navigating F-A-T-C-A and F-B-A-R: Key Deadlines, Thresholds, and Penalties
FATCA Form 8938 and FBAR FinCEN 114: the reporting thresholds at home and abroad, the April and October dates, and the penalties for missing them.
Strategic Tax Planning for Electric Vehicles in Your 2023 Business Roadmap
Fleet electrification only pays when the credits fit your tax position. Assessing usage, timing purchases, and documenting EV credits for the IRS.
Maximize Cash, Minimize Time: The Art of Tax Planning in Real Estate Transactions
Principal residence exclusion, like-kind exchanges and Qualified Opportunity Funds: three ways to cut tax on a sale, and where each one goes wrong.
Prepare to file CTA Beneficial Ownership Information Report
Corporate Transparency Act reporting began in 2024 and then drew court challenges. Where the litigation stood, state-level rules, and who must comply.
Unveiling the Impact of the Consolidated Appropriations Act, 2023 on Your Business
Secure 2.0 brought automatic enrollment, larger catch-up contributions and small business plan incentives, plus credits worth planning around.
The Road to ERC Resolution: Evaluating and Amending Your Claim
Signs an Employee Retention Credit claim was filed wrong: too many quarters, misread government orders, inflated wages. How to evaluate and correct it.
Navigating New Tax Legislation: Your Path to Clarity and Opportunity
Bonus depreciation, larger Section 179 limits, a higher 1099 threshold and R&E expensing: what the 2024 tax relief bill would have meant for business.
Navigating the Corporate Transparency Act & Beneficial Ownership Information
The Corporate Transparency Act requires beneficial ownership reports to FinCEN. Identifying owners in layered structures, and the exemptions that apply.
Stay Ahead of the Game: Key Tax Deadline and Strategies for 2024
Which 1099 and 1098 forms arrive in January, what each one reports, and how to line your records up before the IRS opens the e-filing season.
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