gfc.com RSS Feed https://gfc.com/ Take a look at our recent blog posts and client newsletter articles. en-us Fri, 01 Oct 2021 09:00:00 -0500 Fri, 01 Oct 2021 09:00:00 -0500 Use These Strategies To Pass on Wealth to Heirs https://www.gfc.com/newsletter.php#4 Low interest rates and a volatile stock market create additional opportunities for wealthy individuals to transfer money to heirs tax-free. Fri, 01 Oct 2021 09:00:00 -0500 https://www.gfc.com/newsletter.php#4 Small Business: Tips for Ensuring Financial Success https://www.gfc.com/newsletter.php#2 Learn how cost accounting helps you make smarter business decisions and lead you to financial success. Fri, 01 Oct 2021 09:00:00 -0500 https://www.gfc.com/newsletter.php#2 Marginal vs. Effective Tax Rates https://www.gfc.com/newsletter.php#1 Understanding marginal and effective tax rates is important for tax planning purposes, but many taxpayers don't fully understand the difference. Fri, 01 Oct 2021 09:00:00 -0500 https://www.gfc.com/newsletter.php#1 If You Receive an IRS Letter or Notice https://www.gfc.com/newsletter.php#5 The IRS sends millions of letters and notices to taxpayers for a variety of reasons. Many of these letters and notices can be dealt with without calling or visiting an IRS office. Fri, 01 Oct 2021 09:00:00 -0500 https://www.gfc.com/newsletter.php#5 Defer Capital Gains Using Like-Kind Exchanges https://www.gfc.com/newsletter.php#3 If real estate's your game, did you know that it's possible to defer capital gains by taking advantage of a Section 1031 exchange that allows you to swap investment property on a tax-deferred basis? Fri, 01 Oct 2021 09:00:00 -0500 https://www.gfc.com/newsletter.php#3 What Is a Designated Roth Account? https://www.gfc.com/newsletter.php#2 If you are a high-income earner who participates in a 401(k), 403(b), or governmental 457(b) retirement plan that has a designated Roth account, making contributions to that account could be a smart move. Wed, 01 Sep 2021 09:00:00 -0500 https://www.gfc.com/newsletter.php#2 Verifying Your Identity When Calling the IRS https://www.gfc.com/newsletter.php#4 If you need to contact the IRS, you will be asked to verify your identity. Here's what you need to know before you call. Wed, 01 Sep 2021 09:00:00 -0500 https://www.gfc.com/newsletter.php#4 Tax Rules for Divorce and Alimony Payments https://www.gfc.com/newsletter.php#5 Tax rules regarding divorce and separation can and do change - as they recently did under tax reform - and the last thing on anyone's mind during a divorce or separation is its effect on their tax situation. Wed, 01 Sep 2021 09:00:00 -0500 https://www.gfc.com/newsletter.php#5 Tax Relief for Those Affected by Natural Disasters https://www.gfc.com/newsletter.php#1 Tax relief may be available if you've been affected by a natural disaster this year, but only if you meet certain conditions. Wed, 01 Sep 2021 09:00:00 -0500 https://www.gfc.com/newsletter.php#1 Six Things To Know Before You Start a Business https://www.gfc.com/newsletter.php#3 Starting your own business is an exciting prospect, but there is more to it than simply writing a business plan. Wed, 01 Sep 2021 09:00:00 -0500 https://www.gfc.com/newsletter.php#3 Tax Alert: Action Needed - Do You Have a PPP Loan? (Released 4/12/21) https://www.gfc.com/blog.php?id=77 Mon, 12 Apr 2021 09:00:00 -0500 https://www.gfc.com/blog.php?id=77 Tax Alert: The IRS Provides Further Guidance on the Employee Retention Tax Credit (Released 4/5/21) https://www.gfc.com/blog.php?id=78 Mon, 05 Apr 2021 09:00:00 -0500 https://www.gfc.com/blog.php?id=78 Tax Alert: President Biden Signs American Rescue Plan Act of 2021 (Released 4/11/21) https://www.gfc.com/blog.php?id=79 Thu, 11 Mar 2021 09:00:00 -0600 https://www.gfc.com/blog.php?id=79 Tax Alert: Guidance Issued for Employers Claiming the Employee Retention Credit (Released 3/3/21) https://www.gfc.com/blog.php?id=80 Tue, 02 Mar 2021 09:00:00 -0600 https://www.gfc.com/blog.php?id=80 Tax Alert: Liquidity Opportunities - PPP and Employee Retention Credit (ERC) (Released 2/23/21) https://www.gfc.com/blog.php?id=82 Tue, 23 Feb 2021 09:00:00 -0600 https://www.gfc.com/blog.php?id=82 Tax Alert: Exclusive Access Period Coming to PPP (Released 2/23/21) https://www.gfc.com/blog.php?id=81 Tue, 23 Feb 2021 09:00:00 -0600 https://www.gfc.com/blog.php?id=81 Tax Alert: SBA Releases Guidance PPP Second Draw Loans and Continued Access Program (Released 1/8/21) https://www.gfc.com/blog.php?id=76 Fri, 08 Jan 2021 09:00:00 -0600 https://www.gfc.com/blog.php?id=76 Legislative Alert: Consolidated Appropriations Act, 2021 - ERC and PPP (Released 1/5/21) https://www.gfc.com/blog.php?id=74 Tue, 05 Jan 2021 09:00:00 -0600 https://www.gfc.com/blog.php?id=74 Tax Alert: Congress Passes Appropriations Bill COVID-19 Relief and PPP Provisions (Released 12/22/20) https://www.gfc.com/blog.php?id=75 Tue, 22 Dec 2020 09:00:00 -0600 https://www.gfc.com/blog.php?id=75 GFC Offices Closed November 23-27 https://www.gfc.com/blog.php?id=73 Mon, 16 Nov 2020 09:00:00 -0600 https://www.gfc.com/blog.php?id=73 SBA Publishes Loan Necessity Questionnaire for PPP Borrowers (Released 11/2/20) https://www.gfc.com/blog.php?id=72 Mon, 02 Nov 2020 09:00:00 -0600 https://www.gfc.com/blog.php?id=72 VT Grants Update - Expanded Economic Recovery Grants Application Period Open (Released 10/21/20) https://www.gfc.com/blog.php?id=71 Wed, 21 Oct 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=71 NH Update - Main Street Relief Fund 2.0 (Released 10/20/20) https://www.gfc.com/blog.php?id=70 Tue, 20 Oct 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=70 PPP Loan Forgiveness Updates (Released 10/19/20) https://www.gfc.com/blog.php?id=69 Mon, 19 Oct 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=69 GFC Named One of Accounting Today's "2020 Best Accounting Firms to Work For" (Released 9/22/20) https://www.gfc.com/blog.php?id=68 Tue, 22 Sep 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=68 Tax Alert: Deferral of Employee OASDI Withholding (Released 8/31/20) https://www.gfc.com/blog.php?id=67 Mon, 31 Aug 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=67 Tax Alert: SBA Issues Additional PPP Loan Forgiveness Guidance (Released 8/26/20) https://www.gfc.com/blog.php?id=66 Wed, 26 Aug 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=66 Tax Alert: CARES Act and RMDs (Released 8/21/20) https://www.gfc.com/blog.php?id=65 Fri, 21 Aug 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=65 VT Economic Recovery Grants Maximum Awards Increase and Other Program Updates (Released 8/19/20) https://www.gfc.com/blog.php?id=64 Wed, 19 Aug 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=64 SBA Releases Updated PPP Loan Forgiveness FAQs (Released 8/6/20) https://www.gfc.com/blog.php?id=63 Thu, 06 Aug 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=63 ACCD Releases Criteria and Application Process for Vermont Emergency Economic Recovery Grants (Released 7/2/20) https://www.gfc.com/blog.php?id=62 Thu, 02 Jul 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=62 AICPA PPP Loan Forgiveness Calculator (Revised 6/24/20) https://www.gfc.com/blog.php?id=61 Fri, 26 Jun 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=61 Updated PPP Loan Forgiveness Applications and Revised SBA Guidance (Released 6/19/20) https://www.gfc.com/blog.php?id=60 Fri, 19 Jun 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=60 VT Work Safe Updates and Amendments to Travel (Released 6/5/20) https://www.gfc.com/blog.php?id=59 Fri, 05 Jun 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=59 Legislative Alert: H.R. 7010 - Paycheck Protection Program Flexibility Act of 2020 (Released 6/5/20) https://www.gfc.com/blog.php?id=58 Fri, 05 Jun 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=58 Governor Scott Releases Addendum 15: Updates to VT Guidance (Released 5/22/20) https://www.gfc.com/blog.php?id=55 Fri, 22 May 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=55 PPP Loan Forgiveness Application: New Resource (Released 5/21/20) https://www.gfc.com/blog.php?id=54 Thu, 21 May 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=54 Legislative Update: PPP Forgiveness Application (Released 5/18/20) https://www.gfc.com/blog.php?id=53 Mon, 18 May 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=53 Update on Paycheck Protection Program Certification:FAQ 46 (Released 5/13/20) https://www.gfc.com/blog.php?id=52 Wed, 13 May 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=52 Legislative Update - PPP and Employee Retention Credit (Released 5/6 /20) https://www.gfc.com/blog.php?id=51 Wed, 06 May 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=51 Legislative Reminder: FFCRA and CARES Act Benefits (Released 4/29/20) https://www.gfc.com/blog.php?id=48 Wed, 29 Apr 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=48 Upcoming COVID-19 Webinars (Released 4/28/20) https://www.gfc.com/blog.php?id=47 Tue, 28 Apr 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=47 SBA Loan Comparison Table (at 4/17/20) https://www.gfc.com/blog.php?id=40 Mon, 27 Apr 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=40 Legislative Alert: Paycheck Protection Program and Health Care Enhancement Act (Released 4/27/20) https://www.gfc.com/blog.php?id=46 Mon, 27 Apr 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=46 SBA VDO: SBA Loan Options and Summaries (EIDL and PPP) Released 4/24/20 https://www.gfc.com/blog.php?id=45 Fri, 24 Apr 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=45 Tax Alert: Employment Tax Payment Deferral (Released 4/16/20) https://www.gfc.com/blog.php?id=44 Thu, 16 Apr 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=44 Tax Alert: Notice 2020-23 Clarification for Exempt Organizations (Released 4/13/20) https://www.gfc.com/blog.php?id=43 Mon, 13 Apr 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=43 Tax Alert: Notice 2020-23 (Released 4/10/20) https://www.gfc.com/blog.php?id=42 Fri, 10 Apr 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=42 Legislative Alert: CARES Act and Tax Losses (Released 4/7/20) https://www.gfc.com/blog.php?id=41 Tue, 07 Apr 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=41 Legislative Alert: CARES Act and Retirement Plans (Released 4/2/20) https://www.gfc.com/blog.php?id=37 Thu, 02 Apr 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=37 Legislative Alert: PPP Loan Information and SBA Loan Options (Released 4/1/20) https://www.gfc.com/blog.php?id=36 Wed, 01 Apr 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=36 IT Alert: COVID-19 Phishing (Released 3/31/20) https://www.gfc.com/blog.php?id=38 Tue, 31 Mar 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=38 Legislative Alert: CARES Act and Spotlight on PPP Loans (Released 3/30/20) https://www.gfc.com/blog.php?id=35 Mon, 30 Mar 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=35 COVID-19 Update (Released 3/27/20) https://www.gfc.com/blog.php?id=34 Fri, 27 Mar 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=34 Accounting Alert: COVID-19 (Released 3/26/20) https://www.gfc.com/blog.php?id=33 Thu, 26 Mar 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=33 Tax Alert: Summary of IRS Notice 2020-18 (Released 3/23/20) https://www.gfc.com/blog.php?id=32 Mon, 23 Mar 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=32 Legislative Alert: H.R. 6201- Families First Coronavirus Response Act (Released 3/20/20) https://www.gfc.com/blog.php?id=31 Fri, 20 Mar 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=31 Tax Alert: Summary of IRS Notice 2020-17 (Released 3/19/20) https://www.gfc.com/blog.php?id=30 Thu, 19 Mar 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=30 A Message from Our Managing Partners and Team Regarding COVID-19 (Released 3/17/20) https://www.gfc.com/blog.php?id=29 Tue, 17 Mar 2020 09:00:00 -0500 https://www.gfc.com/blog.php?id=29