By providing my phone number to “Go-Pro Tax and Accounting, Inc”, I agree and acknowledge that “Go-Pro Tax and Accounting, Inc” may send text messages to my wireless phone number for any purpose. Message and data rates may apply. Message … Continue reading →

   James “Jim” Meeks, CTLP®CEO, MTAG ServicesChair, NTLA Legislation CommitteeMember, NTLA Board On September 30, 2020, South Carolina Governor Henry McMaster signed into law House Bill 3755 with the subject title, “Auto Insurance Coverage.” Ninety-nine percent of the bill deals exclusively with auto … Continue reading →

(Part 2) This article discusses how to post Payroll Protection Program (PPP) Loan income and expenses in accounting software, if you are not opening a separate bank account for the funds. In Part I of this discussion, we focused on … Continue reading →

The case: T had several businesses for which he deducted substantial vehicle expenses against his business income. The IRS denied the deductions for lack of substantiation. Held: For the IRS. The taxpayer’s detailed spreadsheets of business use of his vehicles to support … Continue reading →

To taxpayers facing large capital gains, very few strategies exist to defer or eliminate the tax altogether. That all changed with tax reform.  The Tax Cuts and Jobs Act passed at the end of December 2017 created major changes in the tax … Continue reading →

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