Chance Ghanami was born in Texas and has lived most of his life in the south in such states as Louisiana, Mississippi, and Tennessee. After completing high school, Chance attended the University of Monroe of Louisiana. After college and while working in Louisiana, he received an opportunity to move to Washington and took the opportunity immediately. He has worked in tax firms now for nearly three years. His work experience involves customer service, IT expertise, and operational knowledge. He tirelessly works to “school” GPL’s accountants and tax professionals in the best practices to best utilize their technology. Chance’s hobbies consist of various levels of “nerd” interests, such as gaming, and sci-fi/fantasy fiction, movies, and TV shows. He has been known to “school” his co-workers in all things gaming.
GPL Tax & Accounting is here to handle your personal and business tax preparation and planning needs. We can also handle your bookkeeping and accounting requirements. GPL provides all the tools and know-how you need to plan and grow your business, while staying compliant with local, state, federal, and international tax regulations.
Is rental income taxable?
Yes. In the U.S., you pay taxes on the amount left after you deduct all allowable and documented expenses from the rents paid.
What is the difference between Form 1040 and Form 1040EZ?
The 1040EZ is the simplest tax form. You can use it if your income is less than $100,000 per year and is from wages, salary, and tips reported on a W2, from unemployment compensation, your taxable interest is not more than $1,500, and you do not itemize your deductions. You cannot use a 1040EZ if you plan to claim dependents.
What is the difference between Form 1040A and Form 1040NR?
The 1040A is a simplified tax form that citizens and permanent residents of the United States use to file their tax returns. Form 1040NR is used by non-resident aliens who need to report income taxable in the U.S.
Is my company too small to need a CFO?
The need for sound financial management is not a function of size. Small companies as well as large ones benefit from the services of a CFO, but small companies usually don’t need these services on a day-to-day basis. That’s where GPL comes in. We provide a way for companies of all sizes to get the financial management they need, as they need it, without the cost of a full-time executive officer.