How inflation will affect your 2022 and 2023 tax bills

Wednesday, November 02, 2022
The effects of inflation are all around. You’re probably paying more for gas, food, health care and other expenses than you were last year. Are you wondering how high inflation will affect your federal income tax bill for 2023? The IRS recently announced next year’s inflation-adjusted tax amounts for several provisions.... Read More

Plan now to make tax-smart year-end gifts to loved ones

Wednesday, October 26, 2022
Are you feeling generous at year end? Taxpayers can transfer substantial amounts free of gift taxes to their children or other recipients each year through the proper use of the annual exclusion.... Read More

Providing fringe benefits to employees with no tax strings attached

Wednesday, October 19, 2022
Businesses can provide benefits to employees that don’t cost them much or anything at all. However, in some cases, employees may have to pay tax on the value of these benefits.... Read More

Tax and other financial consequences of tax-free bonds

Wednesday, October 12, 2022
If you’re interested in investing in tax-free municipal bonds, you may wonder if they’re really free of taxes. While the investment generally provides tax-free interest on the federal (and possibly state) level, there may be tax consequences. Here’s how the rules work.... Read More

Investing in the future with a 529 education plan

Wednesday, October 05, 2022
If you have a child or grandchild who’s going to attend college in the future, you’ve probably heard about qualified tuition programs, also known as 529 plans.... Read More

GMP attends "Meet the Firms"

Friday, September 30, 2022
GMP attends "Meet the Firms" as a platinum sponsor. ... Read More

Year-end tax planning ideas for individuals

Tuesday, September 27, 2022
Now that fall is officially here, it’s a good time to start taking steps that may lower your tax bill for this year and next.... Read More

2022 Q4 tax calendar: Key deadlines for businesses and other employers

Wednesday, September 21, 2022
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2022.... Read More

The Inflation Reduction Act: what’s in it for you?

Wednesday, September 14, 2022
You may have heard that the Inflation Reduction Act (IRA) was signed into law recently. ... Read More

Inflation Reduction Act provisions of interest to small businesses

Wednesday, September 07, 2022
The Inflation Reduction Act (IRA), signed into law by President Biden on August 16, contains many provisions related to climate, energy and taxes. ... Read More