GPS Blog

No Coasting Allowed

“No matter what you have done in your life, the world is changing, and you must change too.  You must have the humility to ...
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Summer is here…

…and with it comes an opportunity for some family time.  We’ll be doing that for the next few weeks, and in the meantime things ...
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No Accidental Careers

“The two most important days in your life are the day you are born and the day you find out why.” – Mark Twain ...
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Hiring Your Child Can Help You Save Big in Taxes

Hiring your child for your business can lead to significant tax savings by shifting income, reducing taxes, and reducing FICA and FUTA obligations. However, it’s crucial to follow employment laws and withhold appropriate taxes. Learn more about the benefits and rules for hiring your child.
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How Lucky We Are

It’s a holiday today in my part of the world.  We tend to use holidays as an opportunity to remember how fortunate we are ...
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How Do You Respond?

“Fall seven times and stand up eight.” – Japanese Proverb People throw around a lot of different words and phrases to describe great leaders.  ...
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It’s Coming

“It does not do to leave a live dragon out of your calculations, if you live near him.” – J.R.R. Tolkien I had the ...
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6 Misconceptions of a Revocable Living Trust

A revocable living trust, or RLT, offers many benefits, including probate avoidance, privacy, and flexibility in managing assets during one’s life, incapacity, and death. However, despite their popularity as an estate planning tool, there are many misconceptions surrounding revocable trusts that lead to confusion and misunderstandings. Watch this video to learn about the top six misconceptions.
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Business Travel Expenses: Per Diem vs Actual Expenses

If your employees travel for work purposes, it’s important to understand the various methods of tracking and substantiating travel expenses so that you can maintain accurate records, control costs, and take advantage of potential tax benefits. Watch this video to learn about business travel expenses, per diem allowances, and how they affect employees and employers.
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