gfc.com RSS Feed https://gfc.com/ Take a look at our recent blog posts and client newsletter articles. en-us Thu, 01 Jul 2021 09:00:00 -0500 Thu, 01 Jul 2021 09:00:00 -0500 What Is the Net Investment Income Tax? https://www.gfc.com/newsletter.php#5 The Net Investment Income Tax tends to affect wealthier individuals, but in certain circumstances, it can affect moderate-income taxpayers too. Thu, 01 Jul 2021 09:00:00 -0500 https://www.gfc.com/newsletter.php#5 Small Business: Understanding Payroll Expenses https://www.gfc.com/newsletter.php#2 Whether you're a small business owner who is just starting or one who has been in business for a while - ready to hire an employee or two - here is what you should know about withholding, reporting, and paying employment taxes. Thu, 01 Jul 2021 09:00:00 -0500 https://www.gfc.com/newsletter.php#2 Settling Tax Debt With an IRS Offer in Compromise https://www.gfc.com/newsletter.php#4 If you owe money to the IRS, an offer in compromise could be the answer. Thu, 01 Jul 2021 09:00:00 -0500 https://www.gfc.com/newsletter.php#4 Employee Relocation: What Happens to Your Home? https://www.gfc.com/newsletter.php#3 Employees and small business owners often have questions about what to do with an employee's home - and what the tax consequences might be - when they move to a new job location. Here are some answers. Thu, 01 Jul 2021 09:00:00 -0500 https://www.gfc.com/newsletter.php#3 Advance Child Tax Credit Payments Start This Month https://www.gfc.com/newsletter.php#1 More than 36 million American families may be eligible to receive monthly Child Tax Credit payments starting July 15, 2021. Here's what families need to know. Thu, 01 Jul 2021 09:00:00 -0500 https://www.gfc.com/newsletter.php#1 What are Estimated Tax Payments? https://www.gfc.com/newsletter.php#5 Estimated tax is the tax paid on income not subject to withholding, such as income from self-employment, interest and dividends, rent, prizes and awards, and gains from the sale of assets. Tue, 01 Jun 2021 09:00:00 -0500 https://www.gfc.com/newsletter.php#5 Tips to Help You Figure Out if Your Gift is Taxable https://www.gfc.com/newsletter.php#3 If you've given money or property to someone as a gift, you may owe federal gift tax. There are, however, exceptions. Tue, 01 Jun 2021 09:00:00 -0500 https://www.gfc.com/newsletter.php#3 Tax Considerations When Selling Your Small Business https://www.gfc.com/newsletter.php#1 If you've decided to sell your business, you may be looking forward to lazy days ahead with plenty of cash on hand. The reality, however, is that without a tax planning strategy in place, you could be liable for capital gains and other taxes - leaving you with far less cash than you anticipated. Tue, 01 Jun 2021 09:00:00 -0500 https://www.gfc.com/newsletter.php#1 Expat Compliance With US Tax Filing Obligations https://www.gfc.com/newsletter.php#4 If you're an expat who has relinquished - or intends to relinquish - your US citizenship but still has US tax filing obligations (including owing back taxes), you'll be relieved to know there are IRS procedures in place that allow you to come into compliance and receive relief for any back taxes owed. Tue, 01 Jun 2021 09:00:00 -0500 https://www.gfc.com/newsletter.php#4 Changing Jobs? Don't Forget About Your 401(k) https://www.gfc.com/newsletter.php#2 One of the most important questions you face when changing jobs is what to do with the money in your 401(k) account. Making the wrong move could cost you thousands of dollars or more in taxes and lower returns. Tue, 01 Jun 2021 09:00:00 -0500 https://www.gfc.com/newsletter.php#2 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